The Canadian Press has paid no attention to the activities of D+H Ltd. in its management of the Canada student loans program. D+H Ltd. enjoys an almost total monopoly in the Canadian student loan market and it is the beneficiary of a lucrative government program that enables it to earn incentives of up to 20% of its contract value. The last contract began in 2008 and will continue until 2018 when their new contract begins. A Texas-based investment firm (Vista Equity Partners) ) is offering to buy D+H Ltd. in a friendly cash deal worth more than $2.7-billion, with plans to combine it with a U.K. company that has a complementary financial technology business. After the deal closes, Vista would merge D+H with Misys, a U.K.-based software company focused on the global banking industry. https://www.theglobeandmail.com/report-on-business/vista-equity-partners-to-buy-canadas-dh-corp-in-48-billion-deal/article34280005/" rel="nofollow - https://www.theglobeandmail.com/…/vista-eq…/article34280005/ DH Corporation (DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that one of its subsidiaries has been selected by the Government of Canada to provide financial solutions and related services for the Canada Student Loans Program, and five integrated provincial programs. The new contract will have an initial term of eight years with up to a further seven years at the Government's option. http://trafficlight.bitdefender.com/info?url=http%3A//www.marketwatch.com/story/dh-wins-multi-year-canada-student-loans-program-contract-2016-04-05&language=en_US" rel="nofollow"> https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fdh-wins-multi-year-canada-student-loans-program-contract-2016-04-05&h=ATNAEZVFjs_hUXe7V4E3dO_oPlCpfOZcR2h1VRd7WjmJjyl9NSBC3JFYvjeFOAnNCeSKMFTHBD80wPtg-VJpZa4FVvR4L0C1p8gTdWtRXabOIOTP-gCKPq75JoePzG250qULMXoagCFB7hiyEUjUE-ns&enc=AZONfBlbKi4595I7uxycszjzvuTD-FO8TWs-BSgCutJT5fjEE2_IVbPQr4evoiLkmMHKtvf-JECpzfZylwOCiUUE2eh-_J1pDqvgIs9CLuuyqLhDIIOmVSuO6llAKn_RrA9cGEqx3YY7N1nmU3t_jpz1sb1hlvGNj8KTbLQacUxbR3wqbUC0ijS5KBPqttIqFZv1p5vBIO4-DLbwU4oHzQfo&s=1" rel="nofollow - http://www.marketwatch.com/…/dh-wins-multi-year-canada-stud… On May 16. 2017 D+H Ltd. had a meeting with shareholders on whether to approve the sale to Vista. There has been no press release from D+H on the outcome of the meeting. When this deal is approved, an American company will take over control of the Canadian federal student loan contract.
The RFP for the Student Loan contract has very clear guidelines. NOTE TO POTENTIAL BIDDERS This RFP contains security requirements. This RFP includes a mandatory Aboriginal Benefits requirement. This RFP includes a mandatory Canadian Content requirement. This RFP imposes a restriction that all Work must be performed in Canada, by a company/entity incorporated in Canada. http://trafficlight.bitdefender.com/info?url=https%3A//buyandsell.gc.ca/procurement-data/tender-notice/PW-XQ-006-27913&language=en_US" rel="nofollow"> https://l.facebook.com/l.php?u=https%3A%2F%2Fbuyandsell.gc.ca%2Fprocurement-data%2Ftender-notice%2FPW-XQ-006-27913&h=ATO4yT4pjkSJtLo6PtVePRNIE0BVhPyUcFC7sMxVJ3x2aFZUa34IiTtBE16PTtfQaldLeZGQyhnCLy5FFc4uantUB1YYS7gXysZPlA7j0k2WvI0e_936XkJqUzTvZcny1n08XpIioaYJayDoDdr0dZDw&enc=AZMgotSeOF6oYQ0nzMgVP2sFRshvl3MJVKp-T_43ulqYQS2hmP7qmf--TOd8ZXKUyRfvJX72H7MaoZL8PRU4TVQToS3vXiumkGRkTnZFzp-k29Y2NK4XziUVFY9ORuetPboTDvm2R40g-NYMQMNJyZVbJAi8y3nCbMnSPJp_XP2zxsFtaJc4E6-VVskuTFhnbfPWWewuODpXez7R013BoAkT&s=1" rel="nofollow - https://buyandsell.gc.ca/proc…/tender-notice/PW-XQ-006-27913 It is obvious that the Canada Student Loan contract will soon be under the supervision of an American company. Is this acquisition of interest to the Canadian public? The CFW Group believes it is. The chief issue is the privacy of Canadian accounts from the broad reach of the Privacy Act if the loans are administered by a US firm. This was a concern in 2004 when Nelnet owned Edulinx and the Canadian Federation of Students (CFS) met with Edulinx and Canada Student loan officials to discuss the security of Canadian accounts. The CFS does not seem to be involved in this concern at present. The sale of Canada Student Loans service provision to the subsidiary of a U.S. corporation has serious consequences for the privacy of students in Canada. According to Canadian civil rights researchers, Canadian student loan and banking data could be subject to the U.S. Patriot Act. http://trafficlight.bitdefender.com/info?url=http%3A//studentloanconsolidationrate007.blogspot.com/2009/08/canada-student-loans.html&language=en_US" rel="nofollow"> https://l.facebook.com/l.php?u=http%3A%2F%2Fstudentloanconsolidationrate007.blogspot.com%2F2009%2F08%2Fcanada-student-loans.html&h=ATOIfpca5HcVS6-QYje8zqjSHUYp-ZFx_xOyZl7ZcJZHIJL9BhLIqwoDegcCa2U2codGl4qQsOee5IaodCzSG3_vW9kHwzAiRzeGI9ZeRc7fLPcGd2N__29fTHlQdNuKsFatDtdBeOWD5t8tYFtTGrss&enc=AZPeN1N8cwCnheqkwYV7wYLDC_UnGVMonQ9u8iheJALyws8YIeHO2Lsz5kcYfrX3Yr4k2r1TBYqg1ZuLFizRek5LmX7yzpzPtAS5iqg9tRzYw4oEeZrf4aH_HpxHu59agBSo_zHHvAIOMRHXW0ERfFXpsMcSmTXk1q1GCcErIIQZlkZcLWIos4YYe3FuVmct0P0w4bD9ar_MMCoBGb2LVYXR&s=1" rel="nofollow - http://studentloanconsolidationrate007.blogspot.com/…/canad… Recent news releases further complicate the question of what sort of entity will manage the student loan contract per the requirements of the RFP. The only real news is that D+H will be purchased by Vista and a merger is planned with Misys, a UK based company. Does this new merger then create a subsidiary company in Canada to run the student loan program? Will the Canada student loan program be managed by an International company headquartered in the UK?
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