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Parchment Merges with Credentials Solutions to Take On Transcripts and Certifications

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Parchment had raised $66 million in venture funding before the purchase from the likes of Raine Group, GSV Capital, Deborah Quazzo, Novak Biddle Venture Partners, ICG Group and Salmon River Capital. Pittinsky also co-founded learning management services company Blackboard before co-founding Parchment in 2003.