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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]
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]
The announcement, which affects 40,000 students and 8,000 employees, is one of the largest college closures in US history.
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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This page was last edited on 8 September 2024, at 16:57 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The ITT Corporation purchased a controlling interest in the Kellogg Switchboard and Supply Company in 1952, rebranding the new division's equipment as ITT Kellogg for a decade. [8] In 1958, ITT Kellogg was a contractor to the U.S. Air Force, for which Kellogg build a ground communication system for the ballistic missile base at Cooke Air Force ...