Career Education Corporation Acquires Canadian Contract Training Company.Business Editors HOFFMAN ESTATES Hoffman Estates A village of northeast Illinois, a suburb of Chicago. Population: 49,700. , Ill.--(BUSINESS WIRE)--July 31, 2000 Career Education Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CECO CECO Council of Engineering Companies of Oregon CECO Cost Estimate Change Order CECO Center for Economic and Community Outreach CECO CENTCOM Engineer Contingency Organization CECO Concrete Engineering Company of Omaha (Ceco Concrete Construction LLC) ) announced today it has acquired SoftTrain Institute, a Canada-based information technology training company. Terms of the transaction were not disclosed. "This acquisition will enable us to expand our growing information technology training business both in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in Canada," said John M. Larson, chairman, president and chief executive officer. "Though it is a smaller acquisition, SoftTrain provides CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. with a number of strategic assets. The company has done an excellent job of developing information technology training products that serve individuals interested in changing careers and IT professionals who want to enhance their skills. "We are excited about the prospect of working with SoftTrain management to maximize the potential of the two locations in Toronto, as well as offering SoftTrain products at other CEC schools," Mr. Larson said. SoftTrain offers a variety of diploma and certificate programs in e-commerce, computer programming and computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. . Curricula range from intense "immersion" courses for individuals changing careers to part-time evening programs to enhance IT skills. SoftTrain was founded in 1988. SoftTrain has schools in Toronto and in North York North York Former city (pop., 2001: 608,288), southeastern Ontario, Canada. In 1998 it joined the cities of Etobicoke, Scarborough, Toronto, and York and the borough of East York to become the City of Toronto. North York became a borough in 1967 and a city in 1979. , a Toronto suburb. CEC has long had a Canadian presence, with two campuses of the International Academy of Design, one in Toronto and another in Montreal. Career Education Corporation is one of the largest providers of private, for-profit, postsecondary education in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Company currently operates 28 campuses in 15 states and two Canadian provinces. CEC schools enjoy long operating histories and offer a wide variety of bachelor's degree, associate degree and diploma programs in career-oriented disciplines within the Company's core curricula of visual communication and design technologies, information technology, business studies and culinary arts. The forward-looking statements contained in this release are based upon various assumptions, and certain risks and uncertainties could cause actual results to differ materially from those stated. Factors that could cause such differences include those matters disclosed in the Company's filings with the Securities and Exchange Commission (SEC). Career Education Corporation assumes no obligation to update its forward-looking statements. |
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