Parchment Continues Strong Growth in Third Quarter as Schools and Universities Continue Movement to e-Transcripts

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More than 1,200 high schools and colleges join the Parchment network in the third quarter; Parchment delivers nearly 1.5 million e-Transcripts during first three quarters

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Parchment's technology is like no other. And they're rapidly building a strong high school network, which means we're able to ... streamline the process." – Christopher Wright, director of enrollment technology at Emerson College

With schools and universities accelerating their adoption of e-Transcripts, Parchment continued its strong growth in the third quarter of 2012. More than 1,200 high schools and postsecondary institutions joined the Parchment e-Transcript exchange network between July and September, with 630 high schools and colleges selecting the company’s premium paid services, and 584 customers signing up for the company’s free basic sending or receiving services.

Among the factors contributing to this increased adoption are the operational efficiencies derived from moving to electronic, the data analytics that e-Transcripts enable, and improved student services. A recent white paper from Eduventures outlines how e-Transcripts benefit education providers, students, alumni and employers based on early adopters’ experiences.

Noteworthy colleges and universities registering for Parchment’s Docufide Sender, Docufide Receiver or Avow premium services in the third quarter include Clemson University, Dartmouth College, Georgetown University, San Diego State University, University of San Diego, and Vanderbilt University.

”Parchment's technology is like no other. And they're rapidly building a strong high school network, which means we're able to receive more student credentials in a timely manner and streamline the review process," said Christopher Wright, director of enrollment technology at Emerson College. "The implementation process was simple and structured, enabling us to successfully launch new technology that improves the transcript exchange experience for staff and, most importantly, students.”

High schools signing up for Docufide Sender include Academy 20 School District in Colorado Springs, Colo.; Brooks County School District in Quitman, Ga.; Chandler Unified School District in Chandler, Ariz.; and Huntington Beach Union High School District, in Huntington Beach, Calif.

"The request and fulfillment process for paper transcripts is cumbersome, fraught with uncertainties, and doesn't adequately meet the needs of students and alumni," said Guy McPherson, district student information systems manager at Academy 20 School District. "Docufide by Parchment enables us to streamline the process in a way that's meaningful for students, alumni and district staff. Our goal is to expand access to transcripts and other critical student records through the Parchment electronic exchange platform."

Schools exchanged nearly 400,000 transcripts through Parchment in the third quarter, bringing the total number exchanged in 2012 close to 1.5 million. More than 30 percent of American high schools are in the Parchment network, with more than 1,800 higher education providers registered to receive transcripts electronically using Parchment technology. Students and alumni can visit Parchment.com or their school’s website to request and send transcripts through the company’s exchange network.

Additionally, several associations and corporations, including the National Association of State Boards of Accountancy, Inc., joined the network with premium services in the third quarter, demonstrating the value of transcript credentials beyond admissions offices and registrars. “The NASBA, NCAA and other organizations are leading the way for non-academic senders and receivers of transcript credentials to move online,” said Parchment CEO Matthew Pittinsky, Ph.D. “As lifelong learning and non-traditional credentialing gain prominence, we anticipate many more organizations will join to leverage the benefits of participating in an exchange network.”

Arizona State University, California Polytechnic State University – San Luis Obispo, and the University of Alabama at Birmingham licensed Parchment Discover, which represents a new category of enrollment analytics that uses real-time data and true peer network analysis to help admissions staff identify and matriculate successful learners. Other milestones this quarter included Parchment delivering its 4 millionth e-Transcript through its Docufide platform and the launch of the Pennsylvania Electronic Student Transcripts And Records System (PA eSTARS) statewide network.

About Parchment
Parchment is the leader in electronic transcript (e-Transcript) exchange, allowing learners and institutions to collect, promote and share their education credentials in simple and secure ways. More than 7,500 high schools, 1,800 postsecondary institutions and seven statewide initiatives have exchanged more than 6 million transcripts using the Docufide by Parchment™ and Avow by Parchment™ SaaS platforms. Founded in 2003, Parchment Inc. is a venture-backed company headquartered in Scottsdale, Ariz., with offices in Roseville, Calif., Denver and Washington, D.C.

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Media Contacts:
– Rajeev Arora, Parchment, pr(at)parchment(dot)com, 480-719-1646 ext. 1090
– Kristen Plemon, C. Blohm & Associates, kristen(at)cblohm(dot)com, 608-216-7300 ext. 18

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Kristen Plemon

Rajeev Arora
Parchment
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