April 23, 2009 (FinancialWire) — ITT Educational Services, Inc. (NYSE: ESI) said that it has entered into a definitive purchase agreement to acquire Daniel Webster College. Financial terms were not disclosed.

Daniel Webster College is regionally accredited by the Commission on Institutions of Higher Education of the New England Association of Schools and Colleges, and currently serves approximately 1,200 students on its 52-acre campus in Nashua, NH and at an additional location in Portsmouth, NH. The college offers professional and technology-based programs of study at the associate, baccalaureate and master degree levels both in residence and through distance education.

ITT Educational said that completion of the acquisition will not have a material effect on its financial condition or results of operations.

The closing of the acquisition is scheduled to occur in early July.

Carmel, Indiana-based ITT Educational Services is a provider of technology-oriented postsecondary degree programs. The company operates more than 105 technical institutes in 37 states.

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