Powered by Athene’s Commitment to Long-Term Growth
By Ed Pierce, Contributing Editor
After the questions raised in 2020 about Donlen’s future in the midst of the pandemic due solely to its parent company’s financial troubles, the outlook for 2021 and beyond looks exceedingly bright — for the company, its new owners, its employees, and its customers, says CEO Tom Callahan.
“The purchase of Donlen by Athene is a significant achievement for a number of reasons. First, Athene plans to invest in our company, its people, processes and systems. In fact, we recently raised over a billion dollars in growth capital with 60 investors, 30 of which were brand new to the platform and 30 were existing investors who are happy with our new parent.
“Now that the ownership has been solidified and we have the financial resources and long-term commitment to growth from Athene, all of our internal and external stakeholders are reassured. Athene wants to use Donlen as a long-term growth platform. They look at us as a high quality investment. That sits well with customers, employees, and investors, none of whom like instability or the perception that we could be sold at any minute,” notes Tom.