Jenzabar Announces Record Revenue and Significant Client Growth in 2010

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Over 40 higher education institutions selected or implemented Jenzabar solutions

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Higher education institutions continue to place their trust in Jenzabar to deliver up-to-date technology and to align Jenzabar solutions with the college or university’s current IT infrastructure

Jenzabar, Inc., a leading provider of software, services and strategies for higher education, announced today that while continuing to face a challenging economy, the Company has achieved record-breaking revenues. Over 40 higher education institutions implemented or selected Jenzabar solutions in 2010, expanding the company’s customer-base and capturing significant market share.

Jenzabar achieved the record revenue result with rising new system sales including Jenzabar’s enterprise resource planning systems, Jenzabar’s Internet Campus Solution, Jenzabar Constituent Relationship Modules and the standalone continuing education solution, Higher Reach by Jenzabar. Other key growth drivers include new products such as Jenzabar’s Retention Management Solution (Jenzabar RMS), the business intelligence solution, Jenzabar Capture, and the Jenzabar e-Racer learning management system, which hit a new milestone for adoption with over 225 clients. The Company also guided 22 higher education institutions to successful Jenzabar software implementations in 2010, delivering the tools needed to help both new and existing client institutions increase productivity and accuracy within departments across campus.
With a growing client-base and impressive new solution sales, Jenzabar has experienced the highest revenue result in its history. The Company continues to build a strong cash balance and operate with a net zero debt level. Since inception, Jenzabar has reinvested in emerging technologies and integrated valued-added solutions within its flagship products while maintaining a strong financial position.
“Higher education institutions continue to place their trust in Jenzabar to deliver up-to-date technology and to align Jenzabar solutions with the college or university’s current IT infrastructure,” said Robert A. Maginn, Jr., Jenzabar Chairman and Chief Executive Officer. “We work with each institution to ensure the most valuable implementation and to help them provide modern technology to students, faculty, staff, and alumni. By focusing on optimizing our client’s investment, we continue to experience strong financial results.”

Jenzabar’s full range of products offer comprehensive solutions that help institutions of higher education manage data throughout the student lifecycle and across the campus. The company’s continued success is a result of an active and expanding client-base serving over 700 campuses worldwide, aligning products and services with IT goals, and supporting the institutional mission.

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 more than 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.com.

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Carina Ganias
Jenzabar
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