PLANNING

News

Parchment a Key Player in NCAA's Game Plan for Student-Athlete Development

SCOTTSDALE, Ariz. - As March Madness heats up, the National Collegiate Athletic Association (NCAA) and Parchment Inc., the leading education credentials data pioneer, announce they have expanded their partnership to streamline the transcript exchange and verification process. The NCAA Eligibility Center, which certifies all prospective student-athletes at Division I and Division II colleges and universities, utilizes Docufide by Parchment to quickly and securely verify student credentials. For full press release see Parchment a Key Player in NCAA's Game Plan for Student-Athlete Development.

Parchment Raises $6 Million from Leading Education Financier to Expand Credentials Data Venture

SCOTTSDALE, Ariz. - Bolstered by its burgeoning success last year, the leading education credentials data pioneer Parchment Inc. has raised $6 million in its Series C round of financing led by Salmon River Capital LLC. Additional financiers include Michael Chasen, President and CEO of Blackboard Inc., Novak Biddle Venture Partners and other existing investors. The new funding will support the company's aggressive plan for growth, accelerating its product development, employee recruitment, and expansion in the higher education market. The company is led by education technology entrepreneur, CEO Matthew Pittinsky, Ph.D., who cofounded and helped build Blackboard into a $1.65 billion leader in the eLearning marketplace. For full press release see Parchment Raises $6 Million from Leading Education Financier to Expand Credentials Data Venture.

Kansas Higher Education Institutions Offer Electronic Transcripts

(TOPEKA) - Today the Board of Regents announced five higher education institutions; Barton Community College, Bethel College, Fort Scott Community College, Johnson County Community College, and Pittsburg State University; will begin offering electronic transcripts (eTranscripts), as part of a statewide initiative. "Electronic transcript delivery is faster, more secure, and a more cost effective way to exchange student records," says Morgan Beck, Registrar at Fort Scott Community College. The State of Kansas launched eTranscripts in 2009, collaborating with Docufide by Parchment, Inc. Initially all public high schools in Kansas were eligible to participate. Higher education institutions were added to the initiative in 2011. More than 7,000 institutions and agencies, nationally and internationally, receive transcripts electronically. In Kansas, the Kansas State Board of Nursing (KSBN) recently joined the initiative. For full press release see Kansas Institutions Offer Electronic Transcripts.

Docufide by Parchment Announces Partnership with Kansas Board of Regents

SCOTTSDALE, Ariz. - Oct. 11, 2011 - As part of its electronic transcript delivery initiative, the Kansas Board of Regents has recently partnered with Docufide by Parchment to register public and independent colleges and universities in the state as full Docufide Senders, enabling them to send transcripts and other student data to schools and institutions within and outside of Kansas. Barton Community College, Bethel College, and Pittsburg State University join Fort Scott Community College as the latest institutions to go live. Johnson County Community College, the largest public community college in the state, will soon join them. For the full press release see Docufide by Parchment Announces Partnership with Kansas Board of Regents.

Pittsburg State University - First to Begin Implementation!

Recognizing the benefits of sending and receiving electronic transcripts, Pittsburg State University (PSU) is the first Kansas postsecondary institution to begin implementation of electronic transcripts for the statewide initiative. PSU is taking it all the way by integrating optional pieces such as single sign on and web services integration. PSU has a homegrown student information system and, ultimately, plans to upload electronic transcripts directly into its student information system to support admission evaluation, transfer course equivalencies, and degree audit. While PSU's total implementation is anything but typical, Debbie Greve, Registrar, was impressed with the ease of the "out-of-the-box" installation and configuration. "We were able to install the client and send archived transcripts to the test site in the same day. It was really easy, and it was interesting to see how quickly we could be sending electronic transcripts!" she stated.

Docufide, Inc. Rebrands as Parchment, Inc.

On March 10, 2011, Docufide, Inc., announced a change in its corporate name to Parchment, Inc. The change reflects a shift in the company's strategies in order to enhance its ability to support credential exchange and empower individuals to manage their credentials. Matt Pittinsky, co-founder of Blackboard, Inc., and CEO of Parchment, Inc., states "Just as the ancient world relied on parchment to memorialize its record-keeping, success in today's economy depends on up-to-date, reliable, and accessible academic credentials." Parchment's electronic transcript services will continue with the Docufide brand, now Docufide by Parchment. Parchment is the largest network for academic credentials in the world and has contracted with the State of Kansas for the statewide electronic transcript (eTranscripts) initiative, both secondary and postsecondary schools. It also serves 10 other statewide initiatives. Docufide by Parchment clients will benefit from enhanced services rolling out in this calendar year. For the full press release see Docufide, Inc. Rebrands as Parchment, Inc.