OKLAHOMA CITY, OK, CHICAGO, IL and NEW YORK, November 6, 2014 – First Capital, a national commercial finance company, announced it has provided a $7,000,000 revolving line of credit to ED MAP, Inc. The senior credit facility consists of a $7 million working capital revolver collateralized by accounts receivable and inventory.
First Capital was referred to the company because of First Capital’s ability to refinance the previous lender, providing the company with additional liquidity and flexibility to support continued growth. ED MAP is a content strategy and logistics company that provides services and technology to simplify the discovery, adoption, management and delivery of quality educational content within the higher education marketplace.
“With ED MAP experiencing a growing need for and interest in our services and technology, we had been looking for a lending partner able to provide the flexible facility we needed to capture market opportunities,” remarked Gregory P. Smith, CFO…
ED MAP President Kerry Pigman Elected to Athens Foundation Board
At its annual meeting held January 29, 2013, ED MAP President and COO Kerry S. Pigman was one of three new members elected to the board of the Athens Foundation. This role builds on Kerry’s involvement supporting the Athens County community.
The press release written by the Athens Foundation stated:
Three New Members Elected To the Athens Foundation Board of Directors
The membership of the Athens Foundation elected three new members to the Board of Directors at Tuesday’s Annual meeting which was held at 5:30 pm at the OU Baker Center Ballroom on January 29, 2013.
Outgoing board member and Treasurer Scott Nisely was recognized for his eight years of service to the foundation. New members include Dr. Vipin Koshal, Kerry Pigman and Scott Robe. Cardiologist Vipin B. Koshal, DO, is affiliated…
ED MAP Partners with AcademicPub to Expand Customization Capabilities
Move Supports ED MAP’s Strategy to Help Higher Ed Institutions Drive Down Costs of Course Materials
Nelsonville, OH, and New York, February 14, 2013 – ED MAP, a leading provider of course materials management services, and AcademicPub, the leading provider of custom books – digital and print – for the higher education community, today announced a partnership that will mutually enhance each company’s ability to provide a streamlined way for faculty and institutions to adopt, manage, and deliver high-quality custom content to students and simultaneously reduce the cost of course materials.
The partnership will further strengthen ED MAP’s content strategies advisory services and will incorporate a version of AcademicPub’s robust content aggregation platform into ED MAP’s comprehensive OpenVue materials management technology.
According to ED MAP President and COO Kerry S. Pigman, “Working with AcademicPub will enable us to give institutions and faculty access…
Industry Insights: Summer 2012
From the Chaos
– Michael Mark, CEO
A phrase has popped into my mind: indeed, there is great chaos under heaven and the situation is excellent.
Regulatory issues continue to emerge for many of ED MAP’s client schools. Federal financial aid levels and eligibility. Gainful employment benchmarks. Recruitment compensation rules. Retention rates. These and other regulatory issues are being tossed around by Democrats and Republicans alike, each side presenting an array of solutions and different attitudes towards any resolution.
The regulatory issues are significant distractions to most career colleges and proprietary institutions. It is likely, however, that the very questions and practices that have brought on these proposed regulatory reforms will continue to simmer and will soon, no doubt, become similar distractions for traditional regionally-accredited institutions. With turmoil evident at the institutional level, one might hope that things are calm and…
American Public University System Partners with ED MAP and Ingram’s Vital Source to Streamline Digital Course Materials Delivery
Nelsonville, OH, and Charles Town, WV, Jan. 22, 2013 – American Public University System (APUS), learning resources management provider ED MAP, and leading eTextbook provider Vital Source have partnered to streamline distribution of APUS digital course materials and enhance student engagement.
APUS texts will be distributed via the ED MAP OpenVue® Student Choice storefront and Vital Source Bookshelf platform, a logical extension of the University’s goal to offer the best variety of course materials, while reducing the impact of textbook inflation, through APUS ePress. ED MAP enables undergraduate students to elect a digital format at no cost through APUS’s undergraduate book grant, and provides the purchase option of a print copy. In addition, the storefront logs print inventory and features address pre-verification to reduce unnecessary reshipping costs, according to Dr. Fred Stielow, VP and dean of libraries and…