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CHICAGO, April 30, 2021 /PRNewswire/ - CIBC Innovation Banking today announced it has extended a $12.5 million credit facility to CollegeNET, Inc., a software provider to colleges and universities. The credit facility will be used to further scale CollegeNET s business.
CollegeNET, Inc. designs and builds on-demand SaaS (Software-as-a-Service) technologies used by colleges and universities for event and academic scheduling, recruitment and admissions management, AI/supercomputer video interviewing services, and electronic academic records delivery. Based on our new, patented StandOut technology, we can now scale video interviewing through AI/Supercomputing to thousands of candidates while delivering the real candidate to employers and universities, said James Wolfston, CollegeNET s Chief Executive Officer and Founder. CIBC s financing will help us accelerate our growth ambitions.
BC-Daily Register
Last Updated Apr 30, 2021 at 5:27 pm EDT
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CIBC Innovation Banking provides financing to CollegeNET, Inc
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