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Pioneering Arizona High-Tech Company Growing to Support New Clients, Products

New Signings, Launch Strengthen Position in Education Field, Phoenix Area

 

SCOTTSDALE, Ariz. – Home-grown high-tech star Parchment Inc.’s recent wins – signing Northern Arizona University and Tempe Union High School District as partners’ are just some of the most recent signs that the fast-growing company is intent on growing its success, both locally and nationwide.

 

The company’s industry-leading Docufide by Parchment platform now serves 85 high schools and 23 colleges in Arizona, as well as 20 percent of high schools nationwide, and allows them to securely and instantly send and receive student transcripts over the Internet. More than one million transcripts will be sent and received through Docufide this year alone.

 

“We look forward to providing our students greater efficiency and a quicker response time with Docufide Sender,” said Derek Hoffland, director of Curriculum, Instruction, and Assessment for the Tempe Union High School District, which comprises seven high schools and nearly 14,000 students. “We also expect Docufide to decrease the time our staff spends on processing transcript requests.”

 

Word about the cost savings and time efficiencies created by electronically sharing education data is spreading: The speaker of the Arizona House of Representatives recently created an ad hoc committee on education data systems to raise public awareness about the value of statewide longitudinal education data systems. Docufide is already partnering with six states that have already implemented such systems, and is on track to deliver over a million transcripts nationwide this year alone.

 

Parchment also recently launched Parchment.com, a free site that uses unique statistical modeling and crowdsourcing to let high school students gauge their chances of being accepted into different colleges and universities based on their academic records. Students can also use the site to request transcripts, track the electronic delivery process, and receive confirmation once the transcripts have been received.

 

The depth and breadth of this expansion evince the company’s phenomenal growth, but Matthew Pittinsky, Ph.D., Parchment’s CEO, is no stranger to going big: He co-founded the nation’s predominant e-learning company, Blackboard, which was recently sold to Providence Equity for $1.7 billion, and served as its Chief Executive Officer and Executive Chairman.

 

So while Parchment started small – when Pittinsky established the company’s corporate headquarters in Scottsdale earlier this year, he was the only occupant in the company’s offices – he had no intentions of staying small. Today, less than 12 months later, the venture-backed firm is booming. Parchment’s staff has grown to include 60 employees, with 25 employees in its Scottsdale headquarters alone, and is looking to expand more in the coming year as its market share expands even more.

 

“We’re proud to be part of the growing core of high-tech businesses in Arizona,” said Pittinsky, adding that the company expects to hire for multiple openings in various departments through next year, primarily in software engineering and product management. “We’re looking to leverage the well-educated, forward-thinking workforce that’s here to build on our successes.

 

About Parchment

 

Parchment’s mission is to unleash education credentials by unlocking the critical data they embody. We work with institutions and corporations around the world helping people collect, promote, and share their education credentials in simple and secure ways. Six state education agencies, more than 7,000 schools and universities and hundreds of thousands of individuals trust and rely on the Docufide by Parchment platform to transform and deliver millions of transcripts and other student records each year. Parchment is credentials unleashed: www.parchment.com