Jenzabar Has Record-Setting Performance in First Quarter 2002

CAMBRIDGE, MA-June 25, 2002-In spite of a generally lackluster higher education software market and traditionally slower first quarter results for the industry, Jenzabar, Inc. reported record sales for the first quarter.

In the first quarter of 2002, Jenzabar won against competitors in several key contracts, including institutions such as Avila College, Bluefield College, Carl Albert State College, Central Florida Community College, Pennsylvania College of Optometry, and Thomas More College. The Company also signed several new, multi-year maintenance agreements with existing clients through the new Jenzabar Partnership Program (JPP). Key JPP contracts include Eastern Mennonite University and Shaw University.

"We have several other contracts in final negotiation stages," stated Sam Burgio, Vice President of Sales & Marketing. "As a result, we will not see a drop in the sales momentum from the first to the second quarter. Also, our sales pipeline is solid for the rest of the year."

"We see our visionary i3 (i-cubed) product strategy as the right one for higher education in the 21st century," Jenzabar CEO Bob Maginn stated. "Our newly strengthened financial structure will help fuel our ability to execute our plans." Jenzabar's i3 merges the three "i" value propositions of Intelligence, Integration, and Internet into a single product strategy.

About Jenzabar, Inc.

By improving the exchange of information through powerful business intelligence applications and services, Jenzabar's Internet enterprise software, e-learning solutions, and services deliver a competitive edge to higher education institutions. Dedicated to supporting and enhancing the educational community, Jenzabar's business units serve 1,000 higher education institutions worldwide, including students, professors, and administrators from private liberal arts, medical, law, state, and community colleges. Institutions employing Jenzabar solutions include The Claremont Colleges, Colby College, Daytona Beach Community College, William Mitchell College of Law, Governors State University, Bluffton College, Florida Southern College, Bay de Noc Community College, Berry College, and Harvard Medical School.

Jenzabar's offerings include Web-based enterprise software with student, institutional advancement, human resources, and financial applications; e-learning solutions; and a higher education enterprise information portal (EIP). Founded in 1998, Jenzabar is headquartered in Cambridge, Massachusetts, and currently employs more than 300 people in regional offices across the United States.