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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.
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In 2011, ITT spun off its defense businesses into a company named Exelis (now part of L3Harris Technologies), and its water technology business into a company named Xylem Inc. [5] [6] ITT Corporation changed its name to ITT Inc. in 2016.
Indiana Institute of Technology (Indiana Tech) is a private university in Fort Wayne, Indiana.It was founded in 1930 as Indiana Technical College by John A. Kalbfleisch, who was also the school's first president.
Following the Tickets.com acquisition in 1999, the entire company was rebranded as Tickets.com. [2] In November 1999 Tickets.com made an IPO led by Morgan Stanley and its Internet analyst Mary Meeker , which raised $75 million, with the price rising 60% on its first day of trading. [ 3 ]
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From the spin-off to Nov. 1, 2013, Exelis was known as ITT Exelis to help ease the transition of the company's brand. [6] Exelis employed approximately 19,000 people and generated $5.5 billion in sales in 2012.