Bridgepoint Investment Banking Arranges Refinancing, Growth and Shareholder Liquidity Capital for CollegeNET
July 18, 2023 – Omaha, NE – Bridgepoint Investment Banking (“Bridgepoint”) acted as the sole financing arranger to CollegeNET, Inc. on their capital raise to fund growth through structured capital.
CollegeNET is a developer of important new product markets for higher education, including the world’s first automated classroom scheduling system and the first patented system for serving institution-branded web-based admissions forms. Today the company’s products include facility scheduling and optimization software, web-based admissions processing, AI-powered virtual classrooms, video interviewing and focus groups. Over 1,000 higher education institutions worldwide rely on CollegeNET as they seek to drive more efficient operations and greater economic mobility for their students.
“Thanks to Bridgepoint’s access to capital sources, expertise and strategic guidance through our successful capital raise, we are now well positioned to grow large new markets for our StandOut AI/Video Opportunity Drivers. Bridgepoint connected us with the most capital efficient solution and played a key role with our team throughout the capital raise process. Not only were they solid advisors and reliable managers, they were attentive, gracious and fun to work with,” said Jim Wolfston, CEO of CollegeNET.
Bridgepoint Director Subhash Marineni added, “Bridgepoint is grateful to CollegeNET for placing their trust in our expertise and choosing our firm to lead them through this dynamic process at a critical time for the Company. This transaction highlights our firm’s ability to source structured capital, a unique non-dilutive and flexible capital for SaaS companies. We are excited that we were able to partner CollegeNET with Peak Rock Capital, a leading private credit firm, who will continue to provide strategic guidance and future growth capital for the Company to capture market share and scale its new product suite. We are proud to represent Jim and the exceptional team he has built at CollegeNET.”
About Bridgepoint Investment Banking
Bridgepoint Investment Banking is a market-leading boutique investment bank that serves clients over their corporate lifecycles by providing capital raising and M&A advisory solutions. Bridgepoint serves clients globally across a range of focus sectors including transportation, industrials, healthcare, business and IT services, technology, and consumer and retail. Bridgepoint is a division of Bridgepoint Holdings NE, LLC, offering securities through their broker-dealer relationship with M&A Securities Group, Inc., an unaffiliated entity. Learn more about Bridgepoint at bridgepointib.com.
CollegeNET, Inc. is a prime mover and developer of important new product markets for higher education, including the world’s first automated classroom scheduling system and the first patented system for serving institution-branded web-based admissions forms. Today, CollegeNET is pioneering new AI/Supercomputing/Video markets that enhance learning and career opportunities for students and citizens. The company’s new suite of Opportunity Drivers include StandOut® Intelligent Mirror and StandOut Classroom. Intelligent Mirror provides patented AI voice analysis technology and self-guided practice for job seekers, professionals, and others who want to improve their speaking skills and self-confidence (www.standout.com). StandOut Classroom solves the long-standing “degree pathways” problem by introducing a new, asynchronous learning environment that requires no specification of time or place. CollegeNET systems are now used by more than 1,000 institutions worldwide for event and academic scheduling, virtual classroom instruction, career preparation, college admissions, campus hiring, candidate recruitment, and course evaluation.