SANTA CLARA, Calif., Dec. 27 /PRNewswire/ -- Tegrity, provider of the leading Web 2.0 Class Capture System to the higher education market, announced today that once again, it has exceeded aggressive goals for sales, customer acquisition - increasing customer acquisition more than 50 percent - and maintaining customer retention levels close to 100 percent during 2007. The company credits its exclusive focus on the higher education market as well as its continuing program of product enhancements around its unique, easy-to-use Web 2.0 solution for the strong gains.
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Tegrity attributes its success to increased awareness, acceptance of its award-winning technology, continued investment in product development and focused sales and marketing programs in 2007, which included hosting the first-annual Tegrity User Group conference in San Francisco. In addition, the company received high-visibility accolades from a feature in The New York Times on class capture and podcasting.
"2007 was another record year for Tegrity and our customers bear witness to the immense value they derive from Tegrity Campus 2.0, said Isaac Segal, CEO, Tegrity. "Not only are we satisfying existing customers, who cite student achievement, satisfaction and retention as benefits, but we are also welcoming record numbers of new customers who recognize Tegrity as a sound and beneficial investment."
Tegrity's recent milestones include:
More than 50 percent growth in new customer acquisitions during 2007
Award-winning Tegrity added scores of new clients from every segment of Higher Education, including four-year universities, community colleges, business, medical and law schools and specialized institutions. New Tegrity Campus 2.0 customers in 2007 included the University of Central Florida, University of Alabama, Campbell University Norman Wiggins School of Law, Thunderbird School of Global Management and scores of other 2-year and 4-year institutions.
A near-perfect record of Tegrity Campus customer retention. Renewal of campus agreements unquestionably underscores the measurable impact that Tegrity is having on faculty and students across the country
New capabilities to Tegrity Campus 2.0. The company added significant new functionality to Tegrity Campus 2.0 Enterprise Class Capture system, which included advanced search capabilities, as well as Windows Vista support and enhanced scalability.
Global recognition of contributions to higher education. Tegrity was recognized by the IMS Global Learning Consortium as the "Best of Category" as well as Top 10 for customer satisfaction, the only class capture solution to achieve either distinction in 2007.
An inaugural Tegrity User Group meeting fostered strong, collaborative relationships with customers. Tegrity held its first user group meeting held in San Francisco, bringing together college and university administrators, faculty and IT professionals from all over the United States to learn, network and share best practices in class capture to achieve student retention, recruitment and other enhanced learning goals.
Customer-driven research validated impact of Tegrity on student outcomes. Coppin State University (CSU) of Baltimore published results of a two-semester quantitative study that showed that Tegrity Campus 2.0 increased both student academic performance and retention. Dr. Chris Brittan-Powell compared student performance across different sections of the same course, altering only course delivery format and found that Tegrity had a positive impact on both student grades and retention.
Innovative market initiatives. Underscoring the message that those who try Tegrity embrace it, Tegrity implemented innovative marketing programs such as the risk-free full-semester, free trial of Tegrity Campus 2.0. With this limited-time free trial offer, Tegrity encouraged colleges and universities to "Think Outside the Box", i.e. to try the only solution that requires no specialized hardware.
Recognition from The New York Times. Tegrity was featured in a story published in the New York Times about the innovative uses of iPods for capturing class content. Tegrity customers University of Central Florida, El Centro College, Medical College of Georgia and Santa Clara University were all highlighted in the article.
"We are on target to meet our growth goals and objectives and our team has done a great job collaborating with our customers, resulting in continuous enhancement of our core web service offering and delivery of powerful solutions to the higher education market," added Segal. "Interaction and collaboration with our customers are key drivers of our momentum."
About Tegrity
Tegrity Campus 2.0 is the leading Web 2.0 class capture system, impacting learning, student satisfaction and retention across the entire institution. Requiring no hardware or software installation, Tegrity Campus 2.0 makes class time available all the time by automatically capturing, storing and indexing every class on campus for replay by every student. Educators know that the more students can see, hear, and experience a class, the better they learn. With patented Tegrity "Search anything" technology, students instantly recall key class moments for replay online, or on iPods and mobile devices. Tegrity is based in Santa Clara, California with regional offices throughout the United States. For more information, visit http://www.tegrity.com/.
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