Dear Friends of Credentials Solutions,
In 2017, we celebrated both our 20th year of operations and our 20th consecutive year of record results. We would like to thank all of our associates who worked so hard throughout the year to achieve these results.
Looking at 2018 and beyond we see that Credentials will require substantial resources in order to respond to the myriad of challenges and opportunities in the marketplace. As a result, on January 1st, Credentials accepted a significant growth investment from Brentwood Associates, a leading middle-market private equity firm located in Los Angeles. In the process of accepting this investment, Credentials Inc. changed legal structure and is now Credentials Solutions, LLC. Brentwood will bring resources and investment capital to Credentials while Jeff Geldermann and I will continue to lead the company.
This is an exciting development for Credentials. By partnering with Brentwood, we will be able to tap into their expertise in growing the company through improved branding, accelerated product development and potential acquisitions. While we will continue to introduce new, innovative services to the higher education community, Credentials intends to double down on our commitment to customer service and product quality.
We live in a world where the pace of change is accelerating and competition is intensifying. This is not a time to rest on our laurels. Rather, now is the time to be bold. We are confident that our new partnership with Brentwood will enable Credentials to remain at the forefront of our industry as we continue to deliver innovative services with world class service and quality.
We would like to thank our client institutions for the opportunity to provide our services and we look forward to growing and enhancing our relationships in 2018 and beyond.
Thomas D. McKechney