Jenzabar's Solid First Quarter Results Set Pace For The Rest of 2003

Leader in Higher Education Software Continues Growth and Technological Edge

CAMBRIDGE, MA-May 13, 2003- Jenzabar, Inc., a leader in software solutions for higher education, today announced a successful first quarter for 2003. Keeping pace with a record-setting 2002, Jenzabar opened the new year with a 14% increase in revenues and, a new contract renewal extending Jenzabar's partnership with Educational Systems Products, Inc. for ten years.

"While many in the technology sector continued a downward spiral, Jenzabar burst out of the 2003 gate with sustained growth that validates Jenzabar's position as the leader in higher education software," said Bob Maginn, Jenzabar's Chairman and CEO. "Jenzabar's commitment to higher education and to our customers drives our success. Jenzabar is dedicated to providing our customers with the highest level of software and service."

In addition to 14% increases in revenues and gross profits over the same quarter last year, continued growth and business efficiencies produced a 19% increase in operating cash flow (EBITDA). These results further validate Jenzabar's successful business model built upon achieving 100% client loyalty.

"Cash and accounts receivable totals were more than three times that of our current payables and accruals, continued evidence of our strong liquidity and cash position" said Bob Maginn who went on to add: "Our performance clearly positions Jenzabar as the industry leader in a challenging economic market. We plan to out perform the market as we continue to answer the needs of the higher education market place with new products that solve mission critical applications like our Jenzabar Internet Campus SolutionÔ."

During Q1 2003, Jenzabar and Educational Systems Products, Inc. (ESP) signed a new agreement extending their relationship for ten years and allowing ESP to continue technical service, support and maintenance assistance for Jenzabar's PX product suite.

About Jenzabar, Inc.
By improving the exchange of information through powerful business intelligence applications and services, Jenzabar's Internet Campus SolutionsÔ and I3 Internet strategy 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 with regional offices across the United States. For more information, please visit www.jenzabar.net or call Alec Ott at (513) 956-3304.

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Jenzabar Internet Campus Solution and i³ are trademarks of Jenzabar, Inc.