Regent Education Adds Michael Offerman To Board of Directors

Frederick, MD. September 13, 2012 - Regent Education, first SoftwaMichael_Offerman_150.jpgre-as-a-Service provider of financial aid management software solutions for higher education institutions, announces the addition of education industry veteran Michael Offerman to the company’s Board of Directors.

Offerman serves as President Emeritus at Capella Education Co. (NASDAQ: CPLA), an accredited university that provides online degree programs to working adults. He had served as President of Capella University from 2001 through 2007, and returned as Interim President from 2010-2011. Prior to Capella, Offerman had a 15-year career with the University of Wisconsin where, as dean, he guided the university’s distance learning program through the transition from correspondence to online. He has also served as a leader of Transparency by Design, a national consumer information and accountability effort for colleges and universities serving adult distance learning students.

“Regent has firmly established itself as the leading provider of web-based solutions for automating financial aid management,” said Offerman. “I’m delighted to join the board of such an exciting and important company, and I look forward to contributing to its continued success.”

Offerman joins Wright Steenrod (Principal at Chrysalis Ventures), Robert Morton (former SVP of Marketing at Blackboard, Inc.), Doug Cobb (Entrepreneur-in-Residence at Chrysalis Ventures and former CEO of Appriss, Inc.), Sever Totia (Principal at Edison Ventures), and Randy Jones (Regent’s Chief Executive Officer) on the company’s board.

“I am thrilled to have an education industry luminary of Mike’s caliber join our board,” said Jones. “His experience working with distance learning and non-standard term enrollment environments will prove invaluable as we expand the footprint of our best-of-breed financial aid management solutions.”