Ultimate Review of Parchment Inc.
Did you just finish school and wondering what next to do with your credentials?
Parchment allows you to send your credentials to potential employers and saves you the old task of seeking employment.
Parchment is a platform that provides the help to turn credentials such as transcripts, diplomas or certificates into opportunities.
It is trusted by more than 8000 educational institutions, businesses, and other organizations. The company enables learners, educators, employers, and associations to send and receive academic credentials online in a more secure way.
Parchment Inc. was founded in 2003 by John Reese, Jeff Harris, and Mark .N. Cohen. Its headquarters is based in Scottsdale, Arizona in the United States.
It also has offices in Washington DC, Toronto, ON, Roseville, CA, Denver, CO and Grand Rapid in MI.
Since its inception, it has acquired 3 organizations which include, My chances in April 2011, Avow Systems on October 3, 2012, and the most recent one being Vizualize. Me on October 15, 2013.
The company has raised a total of $ 66 million after more than 7 funding rounds. Their latest funding being raised from a Debt financing round on April 11, 2019.
The company is funded by 8 investors with CIBC and Novak Biddle Venture Partners is the latest investors to join them. CIBC is their leading investor as of now. The company is estimated to be worth revenue of $ 4.4 million. Its rival competitors include Accredible, ID.me, and Credly.
It is headed by a team of 8 individuals including Robert Colletti (the President and Chief Financial Officer), Rajeev Arora (Senior Vice President, products), Leonard Napolitano (Senior Vice President of Member Development), John Reese (Co-founder and Director, formerly CEO and Chairman), Martin Pittinsky (CEO),Robert Langan (VP, Engineering), Chris Kaschmitter (VP of Member operations) and Christopher Sheppard (VP of Business Development).
It uses 28 technology products and services such as Google, Vimeo, and WordPress.
They also use 32 active technologies to support their website. The technologies include Mobile Compatible/ iPhone, Viewport Meta, and SSL by default.
The website is ranked at position 21,776 globally based on its 1,752,081 monthly visitors. Parchment also has 5 registered patents primarily in the Computing; Calculating category.
It has also registered 8 trademarks, with Education; entertainment being the most popular class. The company purposed to spend $ 2.4 million on IT this year alone. This move is geared towards improving the website's services.
Parchment is a leading educational technology company that allows employers, educators, and learners to request, verify and share credentials through the most innovative academic credential management system.
The system has so far helped more than a million people, thousands of schools, colleges, and universities to exchange over 15 million credentials globally. This makes it one of the most trusted educational websites globally.