Parchment

Overview
Activities
News
EdTech: Corporate Learning?
Higher EdTech?
Product stageSegments
Growth
?
Support service
?

Founded in 2003, Parchment provides an academic credentials management system, enabling learners, educators, associations, and employers to send and receive academic credentials securely online. Parchment was founded in 2003 as Docufide, and it handled high school transcripts for colleges and university applications. Parchment's CEO Matthew Pittinsky co-founded Blackboard, a learning management services company, before co-founding Parchment in 2003.

In February 2020, the company was acquired by Brentwood Associates. Following the acquisition, Parchment merged with Credential Solutions, a higher education transcript service provider that was acquired by Brentwood Associates in 2018. The combined entity serves more than 13,000 high schools, universities, and professional organizations.

Key customers and partnerships

In July 2021, the company partnered with Irish firm Digitary, an academic credentialing company operating in Australia, Canada, New Zealand, Japan, the UK, and Ireland, to help those traveling to other countries be able to use their credentials for enrolment and employment opportunities. More recently, in June 2022, the company partnered with EAB, an educational solutions provider, to streamline application completion for institutions.

In March 2024, Parchment partnered with Xello, an education software company, to simplify transferring college application documents. The partnership aimed to enable the secure and electronic submission of verified academic credentials to over 5,500 college admissions offices through Parchment's inbox, Parchment Receive. 

HQ location:
6263 North Scottsdale Road Suite 330 Scottsdale AZ USA
Founded year:
2003
Employees:
101-250
IPO status:
Private
Total funding:
USD 66.0 mn
Last Funding:
USD 7.0 mn (Debt Financing; Apr 2019)
Last valuation:
-
Key competitors
 
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Company profile
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