CAMBRIDGE, MA–August 3, 2001–Jenzabar, Inc. announced record revenue and profit results for the second Quarter 2001, and for the six months ended June 30, 2001, to the National Association of College and University Business Officers (NACUBO) at their annual conference in New York City on July 30.

Jenzabar's revenues rose 84% in the Second Quarter of 2001, compared to the second quarter of 2000. Revenues for the six months ended June 30, 2001 increased to $46.7 million from $24.9 million for the six months ended June 30, 2000. In addition, Jenzabar recorded its highest levels of profitability in the company's history for its first and second quarters. Management believes Jenzabar's record performance has outpaced its industry competitors.

Addressing the financial officers at NACUBO, Jenzabar Chief Executive Officer Bob Maginn highlighted the record progress made by the company. "Today, Jenzabar is the leading private-company provider of enterprise software to over 700 colleges and universities," Maginn stated, "including all the financial modules important to you as the Business Officer." In prepared remarks, Maginn noted that Jenzabar takes pride in its first-half financial results. He also expressed thanks to "...our many customers and our over 400 hard-working associates for these great accomplishments." Based on its assessment of the industry, management estimates that - for the first six months of 2001 - Jenzabar, Inc. surpassed all other private-company competitors in revenues and profitability.

Company President Ling Chai noted that, "...Jenzabar stands as the only company in the industry to deliver integrated enterprise software with single-log-in Internet connectivity to all campus information." Jenzabar offers not just the ERP - or Enterprise Resource Planning - software, but also an Internet Campus™ solution that is uniquely differentiated in the market place. Every day, more and more campus executives are learning that the World Wide Web is here to stay, and students can now use the web as a powerful learning tool as well as an aid to the needs of everyday campus life. Jenzabar's technology vision is affirmed by its position in the visionary quadrant established by the Gartner Group."

Addressing the financial officers at NACUBO, Jenzabar CEO, Bob Maginn, who has seen 20 years of rapid change in the software industry, reassured customers and prospective customers that "...Jenzabar has emerged as the safe choice among solution providers serving higher education. The market is embracing the Jenzabar vision of combining all technology solutions on campus to deliver one, integrated solution that spans both administrative and academic needs, creating the Internet Campus™."

Mike Glubke, Vice President of Sales and Marketing, stated, "In my many years of industry experience, I have not seen this kind of accelerated adoption of new technology in higher education. The power of the Jenzabar solution has truly helped colleges and universities deliver new services to all constituents of the campus community, fueling our recent financial performance."

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 700 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.