Matthew Pittinsky’s passion for education technology, as both an entrepreneur and an academic, has spanned more than two decades. As CEO of Parchment Inc., he leads the company’s mission to help turn credentials into opportunities by providing the most widely adopted platform for digital credentials, such as transcripts, certificates and diplomas. Connecting learners, credential issuers and credential receivers — spanning schools, universities and employers — Parchment’s platform makes academic and professional credentials more efficient and insightful for admissions, employers and talent management.
Under Pittinsky’s leadership, Parchment’s market share has grown from 11 percent of U.S. secondary school enrollments to 25 percent, and from 1 percent of U.S. postsecondary enrollments to 17 percent. More than 80 percent of universities and thousands of employers and licensing boards use Parchment to collect and process academic credentials. Across its network, the number of credential transactions managed through the Parchment platform has increased almost 45 percent annually since 2011 (CAGR).
In 1997, Pittinsky co-founded Blackboard Inc., leading its growth into the most widely adopted online learning platform and one of the largest education technology companies in the world. He served as Blackboard’s co-founder and first CEO, transitioning to executive chairman in 1999. Created to help transform the internet into a more powerful environment for teaching and learning, Blackboard’s software applications are used by more than 20 million students and faculty across more than 20,000 institutions in more than 70 countries. Blackboard’s 2004 IPO marked the second-most successful technology IPO of the year and one of the first SaaS business models to be embraced by investors. In 2011, Blackboard was acquired in a $1.7 billion buyout by Providence Equity Partners.
Between Blackboard and Parchment, Pittinsky earned a Ph.D. and in 2009, joined the sociology faculty at Arizona State University (ASU) as a tenure-track assistant professor, where his research specialized in economic sociology, sociology of education and social network analysis. He continues to teach at ASU and remains a non-tenure-track assistant research professor of sociology.
Pittinsky is a frequent speaker on topics related to education technology and entrepreneurship.