ITT Opens New Campus

ITT Educational Services (ESI - Analyst Report) announced the opening of its fourth college in North Carolina in Charlotte. The new campus will offer three schools of study -- Information Technology, Electronics Technology and Criminal Justice. The new college expands ITT Tech's presence to 107 locations in 37 states.

Part of management's long-term growth strategy for ITT Educational Services includes geographical campus expansion. In 2006, ITT opened 11 new Institutes and four new learning sites to the existing Institutes. In 2007, the company began operations at ten new institutes, well ahead of the target to open eight new locations. Finally, in 2008, ITT opened eight new locations, achieving the high-end of the stated goal of opening six to eight new locations in that year.

During 2009, AGAIN management plans to open six to eight new locations, of which two have been already opened. During the first quarter, the company opened its 106th college in Concord, California, which is a suburb of San Francisco. The 107th college was just opened in Charlotte, North Carolina, which is the company's second location in that city.

Headquartered in Carmel, Indiana, ITT Educational Services is a provider of post-secondary education in the U.S. that targets the targets the young working adults. \The company has traditionally focused on providing technology-related associate or two-year degree programs through its ITT Technical Institute campuses throughout the U.S.

However, over the past few years, the company has transitioned its education offerings to include several non-technology degree programs, along with vertically expanding into higher degree levels, and rolling out a number of smaller branch campuses and learning sites. More than 65,000 students are currently enrolled in the ITT Technical Institutes.