Parchment’s e-Transcript Network Continues Growth in Second Quarter, Doubling Volume of Transactions

8/9/2012 12:00:00 AM

More than 200 high schools and colleges select Docufide in the second quarter, as the exchange network handles nearly 1 million e-Transcripts in first half of 2012

SCOTTSDALE, Ariz. (Aug. 9, 2012) – Propelled by the growing awareness among school leaders, students and alumni that electronic transcripts (e-Transcripts) offer a wide range of benefits, Docufide® by Parchment™ continued its strong growth in the second quarter of 2012. The industry-leading e-Transcript exchange network added more than 200 high schools and colleges between April and June.

Notable higher education institutions signing up with the Docufide Receiver or Sender paid service in the second quarter include Temple University, Northern Illinois University, Full Sail University and The College Network. On the secondary education side, Phoenix Union High School District, Scottsdale Unified School District, Montrose County School District, and Compton High School, among others, also signed up for Docufide Sender Full.

“We chose Docufide because it will provide an additional service that enables our students and alumni to easily request and send transcripts electronically,” said Don Fournier, division manager for information services at Phoenix Union High School District. “At the same time, district staff will benefit from reduced administrative burden associated with the fulfillment of transcript requests.”

Schools exchanged nearly 1 million transcripts through Docufide in the first half of 2012 – double the number exchanged in the first six months of last year. More than 30 percent of American high schools are in the Docufide network, with more than 1,600 higher education providers registered to receive transcripts electronically from Parchment. Students and alumni can visit Parchment.com or their school’s website to request and send transcripts through the Docufide network.

About Parchment
Parchment’s mission is to unleash education credentials by unlocking the critical data they embody. A credentials data company, Parchment works with institutions and corporations around the world helping people collect, promote, and share their education credentials in simple and secure ways. At Parchment.com, students can research colleges and discover their chances of admission, see how they compare with peers, get college recommendations, and send official transcripts when they are ready to apply. The company's Software-as-a-Service (SaaS) offering, Docufide® by Parchment™, is the leading transcript exchange and intelligence platform. The solution enables the secure, rapid exchange of millions of electronic transcripts and other student records among more than 9,000 schools and universities, six state education agencies, and hundreds of thousands of individuals. Founded in 2003, Parchment Inc. is a venture-backed company headquartered in Scottsdale, Ariz. Visit www.parchment.com/company for more information.

Media Contacts
• Mark Cohen, Parchment, Inc., 480-719-1646 x1009, mcohen@parchment.com
• Kristen Plemon, C. Blohm & Associates, 608-216-7300 x18, kristen@cblohm.com

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