Nelnet Acquires Peterson's

Aug 01, 2006

Nelnet has announced it has acquired Peterson's, a provider of education and career guidance, from The Thomson Corporation. Peterson's provides a suite of education and career-related solutions in the areas of education search, test preparation, admissions, financial aid information, and career assistance. Peterson's will become a part of Nelnet's Education Services division, utilize the Peterson's brand, and maintain existing leadership. A significant amount of the revenue for the first several months will be deferred and recognized during the period of service. Thomson was represented by The Jordan, Edmiston Group, Inc., a New York City based investment bank that specializes in the media and information industries.