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ITT Technical Institute (ITT Tech) was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it closed in 2016.
ITT Inc., formerly ITT Corporation, [2] is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses include Industrial Process, Motion Technologies, and Connect and Control Technologies. [3]
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The academic level of these schools varies by course of study; some courses are geared toward immediate employment in a trade, while others are designed to transfer into a four-year program. Some of these technical institutes are for-profit organizations (such as ITT Technical Institute) compared to most other non-profit educational institutes.
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ITT was founded as the small communications company Puerto Rico Telephone Company by brothers Sosthenes and Hernan Behn. Through a series of business and patent acquisitions, the company grew and was renamed International Telephone and Telegraph in 1920. [5] ITT continued to grow before appointing Harold Geneen as CEO in 1959. Until his ...
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Faced with the loss of educational accreditation and federal funding, which would have forced it to close, [7] [8] it was acquired by ITT Educational Services, Inc., the parent company of the ITT Technical Institutes, [9] in June 2009 for US$29.3 million. [7] [8] [10] The new owner converted the college to a for-profit institution. [11]