Nelnet to Acquire 5280 Solutions and Firstmark Services
Summary
Nelnet announced plans to acquire the remaining 50% stakes in 5280 Solutions and Firstmark Services. 5280 Solutions provides student loan software, technical consulting, and enterprise content management services. Firstmark Services originates and services privately funded education loans outside federal student loan programs. The deal is expected to close in November, subject to regulatory approvals and closing conditions, and Nelnet said the acquisition will strengthen its use of student loan technology services and diversify fee-based revenue.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Loan Servicing Software
FinTech SaaS
Financial Workflow Automation
Linked Companies
Firstmark Services (Nelnet Servicing, LLC)
$5M to $10M