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Stock impact report

Nelnet Business Solutions Acquires Tuition Management Systems

Nelnet, Inc. (NNI) 
US:NYSE Investor Relations: nelnet.com/investors
Company Research Source: PR Newswire
LINCOLN, Neb., Nov. 26, 2018 /PRNewswire/ -- Nelnet Business Solutions, Inc., a division of Nelnet, Inc. (NYSE: NNI), today announced its acquisition of 100 percent of the outstanding equity and membership interests of Tuition Management Systems LLC (TMS), a payments subsidiary of Cognition Financial Corporation, based in Warwick, R.I. Founded in 1985, TMS offers tuition payment plans, billing services, payment technology solutions, and refund management to educational institutions. TMS has partnerships with more than 380 colleges and universities and 170 private K-12 schools across the country with a concentration of institutions in the northeast. "We are excited for the opportunity to serve TMS' school customers. As a leading payment solutions provider, Nelnet Business Solutions is equipped for both the current and future needs of schools, students, and families with innovative technology and quality service," said DeeAnn Wenger, president of Nelnet Business Solutions. "We will ensu Show less Read more
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