Frederick, MD: Regent Education, a provider of administrative software solutions for higher education, including financial aid management, student information, finance and payroll systems, has announced a $9Mn round of funding to boost the company’s growth.
The company closed a $4Mn Series C equity financing that saw investments coming from parties such as Chrysalis Ventures, Ares Capital Corporation, and New Markets Venture Partners.
Regent Education brings its flagship product, Regent 8, a cloud-based financial aid management solution to the educational institutions. Regent 8 is a Software-as-a-Service (SaaS) solution enabling institutions to be updated and remain compliant with the latest federal regulations and updates.
The company also provides its customers with management solutions for pre-admissions and enrollment aspects of financial aid with Regant SNAP. The company’s delivery services ensure fast deployment and configuration of Regent software products into the SaaS production environment so that the customers can realize their Return on Investment without any delay. The existing customers are provided with product enhancements, increased automation and process streamlining.
“We have seen extraordinary demand for our solutions from all types of institutions: large and small, for-profit and not-for-profit,” said Randy Jones, CEO of Regent Education. “Our recurring revenue base has grown more than 300% in the last two years because of the ability of our products to solve some of the most challenging administrative processes in higher education, particularly for schools offering non-traditional enrollment models. As institutions adopt these new models in order to meet their growth and service objectives, they are hindered by the limitations of their existing systems. We not only remove that barrier, but also help them control costs through our advanced automation.”
“We’re excited about Regent’s continued growth potential,” said Wright Steenrod, Partner at Chrysalis Ventures. “The company’s innovative solutions resolve complex administrative and regulatory problems for its customers through advanced automation, and theirs is the only solution that supports the rapidly-changing business models in higher education today.”