Contact: Diane Salucci or Release immediately
Cathy Klepack June 19, 1996800/225-8000, ext. 4148
DeVry Acquires Becker CPA Review
OAKBROOK TERRACE, Ill. -- DeVry Inc. (NYSE: DV), a national system of
career-oriented, higher-education institutes, has acquired the Becker CPA
Review business for cash.
Becker CPA Review, headquartered in Los Angeles, is the leading
international training firm preparing students to take the nationally
administered and centrally graded Certified Public Accountant (CPA) exam.
The company also offers Certified Management Accountant (CMA) review courses.
"We were first attracted to Becker because of the high quality of its
educational programs and its other similarities to DeVry Institutes and Keller
Graduate School of Management," said Dennis J. Keller, chairman and chief
executive officer, DeVry Inc. "Becker's outstanding reputation and its
international network fit well with our long-range growth strategy.""DeVry Institutes' accounting program will benefit from Becker's CPA
training expertise," said Ronald L. Taylor, president, DeVry Inc., "while
Keller Graduate School's focus on educating adult students will blend well with
Becker's emphasis on preparing college graduates from numerous locations around
the world to take the CPA exam."
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DeVry acquires Becker CPA Review, add one
"We are pleased to join forces with DeVry," said Newton D. Becker, chief
executive officer and president, Becker CPA Review. "With DeVry's leadership
and resources, we believe this alliance will propel us into the 21st century
as the premiere provider of career-focused educational and training services."
Becker CPA Review was founded in 1957 by Newton D. Becker. Currently,
there are 135 school locations in the United States as well as eight
international locations in the Middle East, Pacific Rim and Canada.
Historically, Becker students' pass rates on the CPA exam are approximately
double the national average pass rate, as published by the National Association
of State Boards of Accountancy. More than one-third of all students passing
the CPA exam in the United States are Becker CPA Review alumni.
DeVry Inc., which owns and operates DeVry Institutes, Keller Graduate
School of Management and Corporate Educational Services, is one of the largest
publicly owned, degree-granting, higher-education companies in North America.
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