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ITT Educational Services To Acquire Daniel Webster College

Publicly traded ITT Educational Services, which operates 106 technical institutes in 37 states, reported that it has entered into an agreement to buy Daniel Webster College. Daniel Webster currently serves about 1,200 students on its 52-acre campus in Nashua, NH and at an additional location in Portsmouth, NH. ITT has 65,000 students. Financial terms weren't disclosed.

Daniel Webster College, which is regionally accredited by the Commission on Institutions of Higher Education of the New England Association of Schools and Colleges, offers professional and technology-based programs of study at the associate, baccalaureate, and master degree levels both in residence and through distance education.

The deal is expected to occur in early July 2009. ITT Chairman and CEO Kevin Modany has previously said his company expected to open between six and eight new locations during the year.

About the Author

Dian Schaffhauser is a writer who covers technology and business for a number of publications. Contact her at dian@dischaffhauser.com.

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