New Jersey-based College Savings Bank will now operate as a Subsidiary of Dallas-based Investment Bank

Towards the end of 2015, NexBank SSB headquartered in Dallas officially announced that it had bought New Jersey-based College Savings Bank of Princeton. The New Jersey bank is a heavyweight when it comes to college-savings programs commonly known as a 529 plan. NexBank did not release any terms of the deal in its press release.

College Savings Bank will retain rights over its name and branding. However, it will operate as a subsidiary of NexBank. According to NexBank, College Savings Bank has specialized in college saving since its inception in 1987. In fact, the New Jersey bank manages prestigious programs including Arizona Family College Savings Program and Indiana CollegeChoice CD 529 Savings Plan.

NexBank SSB is a section of NexBank Capital Inc., a renowned financial services firm that delivers financial solutions to its ever-growing clients. The acquisition of College Savings Bank is part of NexBank growth plan. It is also a strategy for portfolio diversification.

An overview on NexBank Capital

NexBank Capital, Inc. is an established financial services firm that operates in three lines of businesses: Mortgage banking, investment banking, and commercial banking. It offers personalized banking and financial services majorly to premier financial institutions, corporate clients, corporates, and prominent individuals nationwide. The firm leverages commitment to its customers and unparalleled leadership to provide exceptional services at any opportunity. NexBank allows its client to easily access custom-tailored and revolutionary solutions provided by specialists who have vast financial experience and an incredible track of the record.

NexBank started to deliver investment-banking solutions back in 1922. Since then, the company has focused on delivering high-performance solutions that suit its customers’ intricate and specialized needs. NexBank’s executive management team consists of seasoned investors and shrewd entrepreneurs who focus on customizing leading financial solutions. With James Dondero, CEO and Co-founder of Highland Capital Management at the top of the leadership team, NexBank’s directors deliver an unrivaled management and leadership expertise.

DRS Technologies Sells its Two Business Units to IAP Worldwide Services

IAP Worldwide has acquired DRS Technologies’ Tactical Communication & Network Solutions (TCNS) and Aviation and Logistics (A&L) business units as part of its continuous development strategy. TCNS majors on IT, engineering, and support mission services while A&L specializes in aviation and logistics services. The acquisition facilitates on Facebook the integration of unique competencies of the acquired TCNS and A&L to improve the quality of services.

Bringing in A&L and TCNS will increase IAP Worldwide Services’ capabilities to deliver tailored services that exceed customer expectations and extend its market base significantly. The IAP’s National Security Program will integrate with the acquired DRS Technologies’ business units to form the Aviation & Engineering Solutions unit. A&L and TCNS come with additional services such as networking technology, aircraft repair, and communication services. The services on bloomberg are a natural fit for IAP Worldwide Services and will help the company to expand its portfolio of services to governmental and nongovernmental organizations.

The acquisition is part of IAP’s long-term growth strategy established in early 2015. While the acquisition was based on organic growth through enhancing customer satisfaction, continuous innovation, and use of the lean concept, inorganic growth factors comprised of benefits realized by acquiring and incorporating a company with similar core business values. According to Dough Kitani, the IAP’s chief operating officer, the company’s shareholders and board members demonstrated their support for the acquisition. Besides, the company’s long-term commitment to providing seasoned program management to its government customers supported the acquisition.

IAP Worldwide Services

With over 60 years in operation, IAP Worldwide Services is the world’s premier in providing solutions on to ever-evolving challenges to the government agencies and nongovernmental organizations. As a global leader in providing expertise in disaster management, IAP Worldwide Services incorporates its competence to provide high-end, safe, and dependable resolutions to diverse, sophisticated challenges encountered by its customers. Based in Cape Canaveral, Florida, the IAP Worldwide Services functions in over 100 regions worldwide. IAP Worldwide operates affiliates firms in the Middle East, the United Kingdom, and Panama City.

Throughout the six decades that IAP Worldwide Services has been in operation, it has built a reputation as reliable and responsive market leader. As a market leader, IAP sets itself apart by adopting customers mission as theirs, channeling their expertise, conviction, and experience to provide innovative solutions and exceptional results. At IAP Worldwide Services, seasoned experts engage the unexpected circumstances ranging from mission support to natural disasters.

Eric Pulier- a Philanthropist and Entrepreneur in America

Eric Pulier is an American entrepreneur, public speaker, author philanthropist and a founder of more than 15 companies. He grew up in Teaneck, New Jersey and he began computer programming in fourth grade. He founded a computer database company while in Teaneck high school after which he joined Harvard University in 1984 where he majored in English and American literature as well as Computer Science, Visual and Environmental Studies. He was an editor and a columnist for The Harvard Crimson and graduated magna cum laude in 1988.

In 1991, Pulier moved to Los Angeles where he founded People Doing Things. In 1994, Digital Evolution began, and it later merged with US Interactive LLC in 1998. He has also been a founder of other companies including vAtomic Systems, Enterprise Cloud Leadership Council, Media Platform Inc. and XPRIZE. He also co-authored Understanding Enterprise SOA Manning Publications published in 2005. He has also filed for patents with the United States Patent and Trademark Office to protect over 15 innovations. Pulier has been named as one of 30 e-Visionaries by VAR business. He is a member of Bill Clinton’s Global Initiative. Eric is also the founder and Executive Director of the Enterprise Cloud Leadership Council at the TMForum. He can turn a small idea into a startup with millions worth of capital.

Pulier solves the problems affecting the economically disadvantaged communities in U.S. and other areas around the world using technology. He developed a multimedia education program that aimed to teach the people with multiple sclerosis about their condition. Pulier made a significant contribution to the US Donor for Africa benefit in 2010, he is also a founding donor of the ACE Foundation and also a financial donor to the “Campaign for Free College Tuition” as well as the XPRIZE Foundation. Additionally, he is a board member of the Painted Turtle, and he contributed financially to the Starlight Foundation that has made a lot of impact to the children living with diabetes and other chronic illnesses. Therefore, Eric Pulier is not only an entrepreneur but also a philanthropist who cares about the well-being of the community as a whole.

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