ITT Acquires Minnesota Company

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Carmel-based ITT Educational Services has acquired a Minneapolis-based business training company. The for-profit education provider says the deal for Benchmark Learning supports its goal to increase access to career-based education.

August 2, 2013

News Release

Carmel, Ind. -- ITT Educational Services, Inc. ("ITT/ESI") (NYSE: ESI), a leading provider of technology-oriented postsecondary degree programs, today announced that, on August 1, 2013, it acquired Cable Holdings, LLC, doing business as Benchmark Learning, a Minneapolis-based IT and business training company. Benchmark Learning offers short-term IT and business learning solutions for career advancers and other professionals.

The acquisition of Benchmark Learning supports ITT/ESI's growth strategy of increasing access to high-quality, career-based education.

"Benchmark Learning is a respected provider of learning solutions in the ever-advancing IT industry. We look forward to increasing Benchmark's offerings and expanding the delivery of its learning solutions as we integrate their operations into The Center for Professional Development at ITT Technical Institute," said Kevin Modany, Chairman and Chief Executive Officer of ITT/ESI.

"For more than 25 years, Benchmark Learning has been serving its customers' IT and business training needs. Becoming a part of an organization like ITT/ESI offers Benchmark an opportunity to establish a national presence as a provider of high-quality learning solutions," said Peter O'Keefe, President of Benchmark Learning.

About ITT Educational Services, Inc.

ITT Educational Services, Inc. (NYSE: ESI) provides accredited, technology-oriented undergraduate and graduate degree programs through its ITT Technical Institutes and Daniel Webster College to help students develop skills and knowledge that they can use to pursue career opportunities in a variety of fields. It owns and operates more than 140 ITT Technical Institutes and Daniel Webster College. ITT/ESI serves approximately 59,000 students at its campuses in 39 states and online. Headquartered in Carmel, IN, it has been actively involved in the higher education community since 1969 and can be found online at www.ittesi.com.

About Benchmark Learning

Benchmark Learning is an education services company that delivers assessments, consulting, and authorized and customized training programs and curricula in the areas of IT, ITIL, development, business analysis, project management and leadership development. Benchmark Learning is an award-winning Microsoft Gold Learning Partner and a Premium Citrix Authorized Learning Center.

Source: ITT Educational Services Inc.