Jenzabar's Solid Third Quarter Continues
Record-Setting Performance for 2002

CAMBRIDGE, MA-November 19, 2002-In the third quarter 2002, Jenzabar continued on a record-setting course that began in early 2002. Since the first quarter in which the Company set records in new contract sales and revenues, Jenzabar continued its success by posting record profitability and liquidity.

"Our current financial performance clearly demonstrates that both our strategies and the execution of those strategies are working," stated Bob Maginn, Jenzabar's Chairman and Chief Executive Officer. "We realized significant year-over-year gains in quarterly revenue, gross profit/margin, deferred revenue and in winning new accounts. For the period ending September 30th, compared with last September, we have more than doubled our cash liquidity, while reducing our operating expenses by approximately 15%."

Adding to six sales wins gained during the first quarter, Jenzabar achieved several new sales in the second and third quarters, contracting with several higher education institutions for enterprise-wide software solutions. Institutions signing with Jenzabar include Columbia College Chicago (Chicago, Illinois), Shaw University (Raleigh, North Carolina), Olin College of Engineering (Needham, Massachusetts), Claflin University (Orangeburg, South Carolina), Livingstone College (Salisbury, South Carolina), Robert Morris College (Chicago, Illinois), East Central University (Ada, Oklahoma), University of Mobile (Mobile, Alabama), Valley Forge Christian College (Phoenixville, Pennsylvania), Sinte Gleska University (Rosebud, South Dakota) and the Joint Military Institute (Washington, D.C.).

Ling Chai, President and Chief Operating Officer, explained Jenzabar's success with its college and university clients. "We are providing the software and solutions that our higher education customers want. Our value proposition is simple-the Internet plus software systems equals value. We continue to strengthen our products by offering personalized portal features, strategic data intelligence with Data Marts and tight integration with databases and enterprise administrative software."

"Think about an ATM machine," Maginn added. "When you plug in your card, you get a personalized experience with the computer system recognizing who you are, what access you are permitted to have and you are provided with your own personal information. Colleges and universities need our transformational software to help them serve their students, who have come to expect an ATM type of service from the information systems deployed on campuses. This is exactly what Jenzabar is delivering via Jenzabar's Internet Campus Solution (JICS)."

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, 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 with regional offices across the United States.