BOCA RATON, Fla., Oct. 18 /PRNewswire/ -- Campus Management Corporation, the industry-leader in Higher Education enterprise administrative solutions today announced it has secured $10.5 million in financing from Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC).
"We are pleased to provide this facility to Campus Management," said Stephen Schwartz, EVP and director of loan originations for Wells Fargo Foothill's northeast region. "Campus Management has established itself as a leader in its sector, with a loyal client base and a track record of success. We look forward to supporting the company in its plans for continued growth."
"Having Wells Fargo Foothill as a financial partner provides Campus Management the operating capital necessary to capture the tremendous opportunities we have today," said David Meek, Chairman and CEO of Campus Management. "This relationship with a lender familiar with our industry makes it possible for us to accelerate some major initiatives in the areas of product development, industry partnerships, and professional services."
About Campus Management Corporation
More than 900 colleges and universities worldwide rely on Campus Management for efficient, scalable, and flexible administrative solutions that enhance institutional excellence. Rapid implementation of a highly integrated system to serve traditional and non-traditional programs distinguishes Campus Management's One Campus solution for higher education. The company has been on Gartner's magic quadrant of higher education Integrated Enterprise providers since 2004; it won Microsoft's 2005 award for Best Innovation in Higher Education; and it was named Microsoft's Global ERP Solutions Developer of the Year in 2003. Campus Management's solutions are designed to manage the entire student lifecycle from recruiting and enrollment to career services and alumni relations. For more information, visit www.campusmanagement.com.
About Wells Fargo Foothill
Wells Fargo Foothill is a leading provider of senior secured financing to middle-market companies across the United States and Canada, offering flexible, innovative credit facilities from $10 million to $750 million and more. It is part of Wells Fargo & Company, a diversified financial services company with $500 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,200 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the highest credit-rated bank in the U.S., receiving an "Aaa" by Moody's Investors Service - its top credit rating - and "AA+" by Standard & Poor's Ratings Services. For more information, visit Wells Fargo Foothill on the Internet at www.wffoothill.com.
Campus Management logo is a trademark of Campus Management Corporation, and may be registered in the U.S., other countries or both. All other trademarks and registered trademarks are the property of their respective owners.
Source: Campus Management Corporation