I'd like to thank our dedicated and talented employees and also our client institutions who, in many cases, are true collaborative partners. They are responsible for the success we've enjoyed over the years.
Boston, MA (Vocus) March 21, 2007
Jenzabar, Inc., a leader in software and services solutions for higher education, today announced that its 2006 revenues are the highest in company history. The company also reported a record number of new systems sales. This marks six consecutive years of revenue growth, allowing Jenzabar to effectively manage its financial strength and focus on its clients' needs by developing superior products and solutions in a timely manner.
"Our financial strength and performance has allowed us to focus our efforts in product development and in serving our customers," said Robert A. Maginn, Chairman and CEO of Jenzabar. "I'd like to thank our dedicated and talented employees and also our client institutions who, in many cases, are true collaborative partners. They are responsible for the success we've enjoyed over the years."
Thirty-three institutions selected a Jenzabar solution for their new administrative system in 2006. Several of Jenzabar's newest clients include Michigan State University, Columbia College (SC), Lake Erie College of Osteopathic Medicine, North Carolina Wesleyan, Polytechnic University of Puerto Rico, and Charter Oak State College. Other notable accomplishments for Jenzabar included:
CODiE Award for "Best Post-Secondary Portal Solution." Last spring, Jenzabar's JICS was named as the best portal solution in higher-education by SIIA, beating out a respected field of competitor offerings from SunGard SCT, Macromedia, and Hobsons EMT.
Jenzabar establishes The Club for Innovators (TCI). In the planning stages since 2005, Jenzabar established TCI early last year. The initiative is an opportunity for clients to work collaboratively with each other and with Jenzabar product teams to develop innovative software solutions and speed up development time, testing time, and time to market. The first products, including a sophisticated graduation-planning solution, are expected to be unveiled next quarter.
The Jenzabar Foundation is launched. In early 2006, Jenzabar established a foundation aimed at helping institutions of higher education advance their educational missions and supporting other education-based charitable initiatives through financial grants. Foundation grants from 2006 included funding institutions' innovative technology initiatives, donations to college-based student clubs that make a positive impact on their campuses, and funding scholarship opportunities for needy students.
Jenzabar's success has resulted in a growing, active client community with over 700 client campuses, high rates of customer satisfaction, and the ability to provide the higher education community with the visionary technology solutions it demands.
"It's been a great 2006, but we're not stopping there…we are already in the midst of changes to bring us even closer to our customers to help them achieve operational excellence and support their goals of improved enrollment, student retention, and institutional advancement through fundraising," said CEO Maginn.
About Jenzabar, Inc.
Jenzabar, Inc. is a leading provider of enterprise software and services developed exclusively for higher education. With more than 35 years of combined experience offering technology solutions to colleges and universities, Jenzabar is the trusted partner of choice to 700 campuses worldwide, including private liberal arts, state, and community colleges and business, medical, law and other graduate schools. Jenzabar is headquartered in Boston, Massachusetts, with regional offices located across the United States. For further information, please visit http://www.jenzabar.net.
Jenzabar®, Jenzabar.com, i3 and Total Campus Management are trademarks or registered trademarks of Jenzabar, Inc. All other company/product names and service marks may be trademarks or registered trademarks of their respective companies.