Nelnet Business Services Expands Its Reach in Higher Education Market with Acquisition of Next Gen Web Solutions
Lincoln, NE – April 14, 2025 – Nelnet Business Services, a division of Nelnet, Inc. (NNI), announced today that it has acquired the outstanding equity and membership interests of Next Gen Web Solutions (Next Gen), making it the sole owner of the software solutions provider. This strategic move strengthens Nelnet’s position as a leading provider of technology-enabled business solutions in the higher education sector.
Background on Nelnet Business Services and Next Gen Web Solutions
Nelnet Business Services is a business process outsourcing company that offers a range of solutions to help educational institutions manage their student loan programs. With a focus on technology and innovation, the company prides itself on delivering efficient, effective, and student-centric services. Next Gen Web Solutions, on the other hand, has been providing software solutions to the higher education market for over a decade. Their offerings include student information systems, learning management systems, and campus portals.
The Impact on the Higher Education Sector
The acquisition of Next Gen Web Solutions by Nelnet Business Services is expected to bring significant benefits to the higher education sector. By combining Nelnet’s expertise in student loan management and Next Gen’s software solutions, educational institutions can now access a more comprehensive suite of technology-enabled services. This integration will help streamline operations, improve data accuracy, and enhance the overall student experience.
The Impact on Consumers
As a result of this acquisition, consumers, particularly students and educational institutions, may notice improvements in the technology and services they receive. For students, this could mean a more seamless experience when interacting with their educational institutions, from application processes to student information systems. For educational institutions, they may be able to offer more efficient and effective services, leading to increased student satisfaction and retention.
Industry Analysis and Future Prospects
According to recent market research, the higher education software market is projected to grow at a compound annual growth rate (CAGR) of over 10% between 2021 and 2026. Factors driving this growth include the increasing adoption of cloud-based solutions, the need for student information systems to comply with regulatory requirements, and the rising demand for personalized learning experiences. With Nelnet Business Services’ acquisition of Next Gen Web Solutions, the company is well-positioned to capitalize on these trends and expand its offerings in the higher education sector.
Conclusion
The acquisition of Next Gen Web Solutions by Nelnet Business Services marks an exciting milestone in the higher education technology landscape. By combining the strengths of both companies, Nelnet is now able to offer a more comprehensive suite of technology-enabled services to educational institutions. This acquisition not only benefits Nelnet and Next Gen but also the higher education sector and, ultimately, students. As technology continues to play an increasingly important role in education, this move positions Nelnet as a leader in the industry and sets the stage for future growth and innovation.
- Nelnet Business Services acquires Next Gen Web Solutions
- Combines expertise in student loan management and software solutions
- Benefits educational institutions with a more comprehensive suite of technology-enabled services
- Positions Nelnet as a leader in the higher education technology landscape
- Sets the stage for future growth and innovation in the industry
