Docufide Becomes Parchment

Docufide, which provides a service to transmit educational credentials and high school transcripts to colleges and universities, announced Thursday that it has renamed itself Parchment, Inc.. The firm has operations in Los Angeles but recently moved its headquarters to Arizona after a $4.5M funding round. The name change plans had been uncovered by socalTECH in February. Docufide recently hired Matthew Pittinsky, the founder of educational software firm Blackboard, as its new CEO. The firm is venture backed by Novak Biddle Venture Partners.