Nelnet Sells Peterson's Business to Triangle Digital Ventures
February 6, 2018 (Newswire.com) -
Triangle Digital Ventures has acquired the Peterson’s business from Nelnet Inc. The transaction closed on Dec. 31, 2017. The full terms of the deal were not disclosed.
Peterson’s is a diversified data, learning, and publishing company focused on post-secondary education. The company provides a suite of online test preparation services, higher education research and books to consumers, enterprise, government and libraries. Peterson’s mission of helping students prepare to succeed began in 1966. Peterson’s is based in Denver, Colorado, and employs a team of 60 educators, data scientists, and technologists. Included in the Peterson's family of products are EssayEdge and Dean Vaughn Books. Learn more at www.petersons.com.
About Triangle Digital Ventures
Triangle Digital Ventures (TDV) is an entrepreneurial growth firm that acquires — and grows — technology businesses. TDV targets opportunities that are otherwise too small or too complex for conventional acquirers. Led by serial entrepreneurs and backed by a significant investor base, TDV invests operational expertise and capital to deliver outsized returns. TDV welcomes inquiries from intermediaries and principals seeking a financial and operational partner. Learn more at www.triangledv.com.
Nelnet is a diversified and innovative company focused on offering educational services, technology solutions, telecommunications, and asset management. Nelnet helps students and families plan and pay for their education and makes the administrative processes for schools more efficient with student loan servicing, tuition payment processing, school administration software, and college planning resources. Through its recently acquired subsidiary, ALLO Communications, Nelnet offers fiber optic services directly to homes and businesses for ultra-fast internet and superior telephone and television services. The company also makes investments in real estate developments and new ventures. For more information, visit Nelnet.com.
Source: Triangle Digital Ventures