DeVry Acquires Denver Technical College


Oakbrook Terrace, IL - DeVry Inc., (NYSE: DV), an international higher-education system, has completed the cash acquisition of Educational Development Corporation (EDC), which does business as Denver Technical College (DTC).

DTC, a privately owned postsecondary institution with campuses in Denver and Colorado Springs is one of the largest technical colleges in Colorado with more than 1,700 students. The college offers undergraduate and graduate degree programs in electronics, computer technology, business and medical technology fields.

"The purchase of DTC is expected to be immediately accretive to earnings," said Dennis J. Keller, chairman and chief executive officer, DeVry Inc. "The DTC purchase and the previously announced acquisition of Conviser Duffy CPA Review provide strong support for DeVry's long-term expansion plans."

"The addition of the two DTC locations represents the first expansion through acquisition for the DeVry Institutes division," said Ronald L. Taylor, president and chief operating officer. "Our third Los Angeles-area school is under construction and will open in West Hills this fall, while our third Chicago-area campus is slated to open its doors in and Conviser Duffy CPA Review all represent DeVry's commitment to long-term growth."

"Conviser Duffy's reputation for providing excellent CPA preparatory programs and service to students fits well with Becker CPA Review's and DeVry's long-term growth strategies," said Dennis J. Keller, chairman and chief executive officer. "The Conviser CPA system meets DeVry's rigorous acquisition standards, which include a recognizable brand name, a strong market presence, a proven track record and solid growth potential."

DeVry Inc., one of the largest publicly held international higher-education companies in North America owns and operates DeVry Institutes, Keller Graduate School of Management and Becker CPA Review.