Jenzabar Reports Continued Growth During Economic Downturn
New System Sales Drive Revenues to Record Levels
Boston, MA (Vocus) February 19, 2009
Jenzabar, Inc. (http://www. jenzabar. net/), a leading provider of software, services and strategies for higher education, announced today that the demand for its flagship products in 2008 has surpassed previous years, achieving record-high total revenue during the economic downturn. In addition to growing returns over the last year, Jenzabar has increased its workforce by 11 percent since 2007 to manage the new business.
Jenzabar has experienced ongoing increases in profit margins since its inception due to growth in both the number of new customers and increased business with existing customers. During the economic downturn, the company has focused on adding emerging technologies to its product lines and integrating valued-added solutions within its flagship products, resulting in revenue-generating opportunities for the company. In 2008, Jenzabar has achieved the highest revenue in the company's history, driven by 27 new system sales from clients stretching across the US and internationally, including the Middle East, Europe and Latin America.
To manage new and existing business, Jenzabar has increased its workforce. From the end of 2007 through 2008 and to date, the company has experienced continued internal growth and employee retention, with an 11 percent net addition in personnel and a 6 percent turnover rate. Staff increases have taken place at Jenzabar headquarters in Boston and at its Harrisonburg, Cincinnati, and Knoxville offices, and have included remote employees throughout the United States as well.
"Jenzabar's record revenue results and overall growth over the last year reflect the company's financial stability even within the current turbulent economy," said Robert A. Maginn, Jr., Jenzabar Chairman and Chief Executive Officer. "We have nearly 300 employees today, and each one is dedicated to helping higher education institutions increase efficiency and productivity with cost-saving technologies and helping our customers successfully navigate through this economic cycle."
Jenzabar's success is a result of a growing and active client base with over 700 campuses worldwide, the ability to align products and services with institutional goals, and the commitment to maximize client success by ensuring high returns on their technology investments.
About Jenzabar, Inc. (http://www. jenzabar. net/)
Jenzabar, Inc. is a leading provider of enterprise software and services developed exclusively for higher education. With more than 35 years of combined experience offering technology solutions to colleges and universities, Jenzabar is the trusted partner of choice to more than 700 campuses worldwide, including private liberal arts, state, and community colleges and business, medical, law and other graduate schools. Jenzabar is headquartered in Boston, Massachusetts, with regional offices located across the United States. For further information, please visit www. jenzabar. net.
© 2009 Jenzabar, Inc. All rights reserved. Jenzabar® is a registered trademark of Jenzabar, Inc. Jenzabar's Internet Campus Solution, Total Campus Management, ERA, and the Jenzabar logo are trademarks of Jenzabar, Inc.
Contact:
Carina Ganias
Public Relations Specialist
Jenzabar, Inc.
617-492-9099 ext. 365
Carina. Ganias(at)jenzabar. net
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