Xello Now Connects to Parchment's Largest
College Receiving Network in the World
SALT LAKE CITY, March 14, 2024 /PRNewswire/ -- Today Parchment,
an Instructure company, the industry leader in academic credentials
management, announced a partnership with Xello, the award-winning
K-12 college and career readiness program, to securely deliver
students' college application documents to higher education
institutions and organizations using Parchment's widely adopted
credential inbox, Parchment Receive. The partnership brings
Parchment's national network of higher education admissions offices
to thousands of high schools using Xello's K-12 online program,
which will make the process of sending and receiving official
documents faster and more secure.
This partnership enables Parchment's network of over
5.5K admissions offices to receive
verified academic credentials electronically and securely sent
through Xello's college and career readiness platform in Parchment
Receive. Parchment Receive is the most widely adopted document
inbox higher education admissions offices use to collect all
electronic application documents sent from the Parchment Award
platform and its Unified Inbox Partnership network.
K-12 counselors, higher ed admissions offices, and learners will
all see benefits from a seamless integration between Parchment and
Xello, including:
For K-12 counselors and administrators:
- Enables schools using Xello's college and career readiness
platform to securely deliver students' college application
documents to 5.5K higher education
admissions offices
- Gives administrators using the Xello platform the confidence
that their student's admissions documents are being transferred in
the most efficient manner and in the way college admissions offices
prefer
For higher education admissions offices:
- Have a single place to receive, filter, automatically route,
and reference document history from the largest sending network in
the country
- Make the admissions process faster, simpler, and more secure
for students and their institutions
- Know that every document received meets compliance requirements
for transmitting student data
"Parchment's mission is to turn credentials into opportunities
and partnering with Xello to let learners easily transmit
their application documents through the Xello platform helps to
realize that mission," said Kevin
Martin, Vice President, Parchment Growth at Instructure.
"The Parchment Unified Inbox Program allows us to extend our
trusted network of higher ed admissions offices beyond the
Parchment Award platform to help empower more learners, and that's
a win for everyone involved."
"Creating a seamless post-secondary planning experience for
students and the educators supporting them is a top priority for
our platform," said Matt McQuillen,
CEO and Co-Founder of Xello. "The integration with Parchment's vast
network of educational institutions highlights our commitment to
providing high-quality, reliable services that help both students
and educators navigate this critical process successfully."
For more information, visit parchment.com and xello.world.
About Instructure
Instructure (NYSE: INST) is an education technology company
dedicated to elevating student success, amplifying the power of
teaching, and inspiring everyone to learn together. Today the
Instructure Learning Ecosystem, comprised of its flagship product
Canvas LMS and several products serving K-12 and higher education,
supports tens of millions of educators and students around the
world. Learn more at www.instructure.com.
Parchment, an Instructure company, believes credentials matter
in the lifelong journey of a learner. Offering the most
comprehensive academic credential management platform and network,
Parchment helps learners, academic institutions and employers
request, verify and share transcripts, diplomas, and other
credentials in simple and secure ways. Learn more at
www.parchment.com.
Forward-looking Statements
This press release contains "forward-looking" statements, which
are subject to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, including statements regarding
expectations and benefits of the acquisition of Parchment, the
combined company's growth, customer demand and application
adoption, and business strategy.
These statements are not guarantees of future performance, but
are based on management's expectations as of the date of this press
release and assumptions that are inherently subject to
uncertainties, risks and changes in circumstances that are
difficult to predict. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from any future results, performance or achievements.
Important factors that could cause actual results to differ
materially from those expressed or implied by these forward-looking
statements include the following: the ability to timely and
successfully achieve the anticipated benefits and potential
synergies of the acquisition of Parchment; the impact of the
announcement of the closing of the transaction on our business,
employees and suppliers, and on our investors and common stock;
risks associated with the continued economic uncertainty, including
high inflation, labor shortages, high interest rates, foreign
currency exchange volatility, and reduced spending by customers;
failure to continue our recent growth rates; the impact of the
Israel-Hamas war on the macroeconomic and geopolitical environment
and on our business; risks associated with future stimulus packages
approved by the U.S. federal government; our ability to acquire new
customers and successfully retain existing customers; the effects
of increased usage of, or interruptions or performance problems
associated with, our learning platform; the impact on our business
and prospects from pandemics; our history of losses and expectation
that we will not be profitable for the foreseeable future; the
impact of adverse general and industry-specific economic and market
conditions; failure to manage our growth effectively; and changes
in the spending policies or budget priorities for government
funding of Higher Education and K-12 institutions.
These and other important risk factors are described more fully
in the Company's most recent Annual Report on Form 10-K and
subsequent Quarterly Report on Form 10-Q and other documents filed
with the Securities and Exchange Commission and could cause actual
results to vary from expectations. All information provided in this
press release is as of the date hereof, and Instructure undertakes
no duty to update this information except as required by law.
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SOURCE Parchment, an Instructure company