Regent Appoints New CEO
Senior Vice President of Sales to take the helm
Frederick, Maryland, November 6, 2009 - Regent Education, the leading provider of financial aid management Software-as-a-Service (SaaS) solutions for higher education institutions, today announced the appointment of Randy Jones as the company’s new Chief Executive Officer (CEO). Mr. Jones, who brings a proven track record with two decades of experience in the enterprise application and software business to this role, will lead Regent’s growth strategy. He succeeds Founder and CEO Michael Ratti, who will serve in a new role to help the company focus on strategic partnerships and corporate development.
Before joining Regent in 2008, Mr. Jones spent two years as the Executive Vice President of Sales for the Americas at Managed Objects, a Business Service Management company. While there, he reconstructed the sales force, and built a team that produced consistent quarter over quarter growth. Additionally, he worked with the Board of Directors and CEO to successfully position the company for the next phase in its lifecycle, successfully selling Managed Objects to Novell in 2008. Prior to Managed Objects, Mr. Jones spent 8 years at OPNET Technologies, Inc. (OPNT), an entrepreneurial high tech software and consulting services company.
“Regent is a great company with an excellent track record of delivering ground breaking financial aid solutions that allow institutions to stand out from their competitors and provide their students with a positive financial aid experience,” said Randy Jones. “In my new role, I look forward to working with our management team to further propel Regent’s solutions, capitalize on the company’s growth opportunities, and to continue to deliver great service to our customers.”
Mr. Jones has served as Regent’s Senior Vice President of Sales since 2008, guiding the strategic direction and execution of Regent's sales team across direct and reseller channels. During his tenure, he has been instrumental in Regent’s success and guiding product innovation.
“Randy has demonstrated clear leadership at the company since he joined, helping to lead the Regent team and provide strategic vision for the company,” said Michael Ratti, Founder. “I am extremely excited he has accepted stepping into this role. His keen insight and deep management experience will drive even greater value for Regent’s customers.”
Regent is the only provider of financial aid management Software-as-a-Service (“SaaS”) solutions for higher education institutions. As a SaaS solution, Regent Enterprise financial aid management solution supports multi-institutional/multi-campus processing, allowing multi-campus institutions to centralize management and create standards across all campuses. Regent leverages technology and automation to improve the operational efficiencies of the financial aid office, a mission critical aspect of higher education that is faced with regulatory compliance concerns, growth in demand for student loans, and increasing competition for students.
Within the for-profit and private education market, Regent offers solutions specifically designed to address the unique needs of that industry—including automated awards for academic programs with monthly or frequent starts, clock-hour, even non-term, borrower-based award years (BBAY)—quickly and effectively. Processes that took weeks now take minutes. Outsourced services can now be cost-effectively managed in-house.
Regent is an industry leader in financial aid software and is recognized for results-driven enrollment optimization and financial aid management solutions—solutions that are web-based, easy-to-use, and inter-operate with any existing student information system. Regent offers software-as-a-solution (SaaS) tools that help for-profit and private education institutions increase enrollment, improve retention, speed student processing, mitigate compliance risks and deliver bottom-line results.