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== History ==
===Early History===
DeVry was founded in 1931 as DeForest Training School in [[Chicago|Chicago, Illinois]].<ref name=internationaldirectory>{{cite news|title=DeVry Inc.|author1=Rachel Martin|author2=Suzanne Clark York|publisher=International Directory of Company Histories|volume=82}}</ref> School founder Dr. Herman A DeVry, who had previously invented a motion picture projector and produced educational and training films, named the school after his friend [[Lee DeForest]].<ref name=internationaldirectory/> DeForest Training School originally taught movie projector and radio repair, but later expanded to other electronic equipment such as televisions.<ref name=internationaldirectory/> The school was renamed to DeVry Technical Institute in 1953 and gained accreditation to confer associate's degrees in electronics in 1957.<ref name=internationaldirectory/>
[[Bell & Howell]] completed its acquisition of DeVry Technical Institute in 1967. A year later, the company acquired the Ohio Institute of Technology and DeVry was renamed DeVry Institute of Technology.<ref name=internationaldirectory/><ref>{{cite book|url=http://books.google.com/books?ei=BrPqS8zJCMP98AbN06niDg&ct=result&id=YhecAAAAMAAJ&dq=devry+%22ohio+institute+of+technology%22&q=%22ohio+institute+of+technology%22#search_anchor|title=Private colleges and universities|author1=John F. Ohles|author2=Shirley M. Ohles|publisher=Greenwood Press|date=29 December 1982|accessdate=26 May 2014}}</ref> DeVry was accredited to confer bachelor’s degrees in electronics in 1969.<ref name=internationaldirectory/>
===Keller Graduate School of Management===
Dennis Keller and Ronald Taylor met one another in the early 1970s when the two were teachers at DeVry.<ref name=internationaldirectory/> Keller and Taylor learned the economics of for-profit education while at DeVry and, in 1973, the two founded the Keller Graduate School of Management with $150,000 in loans from friends and family.<ref name=forbes1991>{{cite web|url=http://business.highbeam.com/392705/article-1G1-10714402/good-school-story-couple-ivy-league-entrepreneurs-successfully|title=Good school story: how a couple of Ivy League entrepreneurs successfully compete with state colleges - and make money|author1=Ronald Taylor|author2=Dennis Keller|publisher=[[Forbes]]|date=27 May 1991|accessdate=26 May 2014}}</ref> The school was originally conceived as a day school that granted [[academic certificate|certificates]].<ref name=forbes1991/> The Keller School later switched to an evening program focused on working adults and was offering [[Master of Business Administration|MBAs]] by 1976.<ref name=forbes1991/> The school was fully accredited by the [[North Central Association of Colleges and Schools]] in 1977, the first for-profit school to be accredited by the body.<ref name=forbes1991/>
DeVry first received full accreditation in 1981.<ref name=forbes1991/> The Keller Graduate School of Management acquired DeVry from Bell & Howell in 1987.<ref name=nytimes2014>{{cite web|url=http://www.nytimes.com/2014/01/29/sports/olympics/devry-becomes-an-unlikely-olympic-powerhouse.html?_r=0|title=DeVry Becomes an Unlikely Olympic Powerhouse|author=Jesse McKinley|publisher=[[New York Times]]|date=28 January 2014|accessdate=26 May 2014}}</ref> The [[leveraged buyout]] was worth $147.4 million.<ref name=forbes1991/><ref name=nytimes2014/> The two schools were combined as DeVry Inc. with Keller acting as chairman and CEO and Taylor president and [[chief operating officer|COO]].<ref name=internationaldirectory/>
===DeVry Education Group===
DeVry Inc. successfully completed its [[initial public offering]] in June 1991.<ref>{{cite news|title=DeVry Inc. Racks Up High Marks Following Initial Public Offering|author=Janet Neiman|date=16 December 1991|publisher=Crains Chicago Business}}</ref> The university acquired [[Becker Professional Education|Becker CPA Review]], a firm that prepared students for the [[Uniform Certified Public Accountant Examination]], in 1996.<ref>{{cite web|url=http://articles.chicagotribune.com/1996-06-20/business/9606200247_1_becker-cpa-review-devry-acquires|title=Devry Acquires Cpa Training Firm|author=Stanley Ziemba|publisher=[[Chicago Tribune]]|date=20 June 1996|accessdate=26 May 2014}}</ref> DeVry acquired [[Ross University]], a medical and veterinary school based in the [[Caribbean]], for $310 million in 2003.<ref>{{cite web|url=http://www.njbiz.com/article/20050809/NJBIZ01/308083825/The-Biggest-Med-School-You've-Never-Heard-Of|title=The Biggest Med School You’ve Never Heard Of|author=Wamiq Chowdhury|publisher=NJBIZ|date=9 August 2005|accessdate=26 May 2014}}</ref> The university moved into the nursing field in 2005 with the acquisition of [[Chamberlain College of Nursing|Deaconess College of Nursing]], a [[St. Louis|St. Louis, Missouri]]-based nursing college that conferred both associate's and bachelor's degress in nursing.<ref name=internationaldirectory/><ref>{{cite web|url=http://www.chicagobusiness.com/article/20051112/ISSUE01/100024825|title=New degrees, sites back on the books at DeVry|author=H. Lee Murphy|publisher=Crain's Chicago Business|date=14 November 2005|accessdate=26 May 2014}}</ref> Deaconess College of Nursing was later renamed Chamberlain College of Nursing.<ref name=internationaldirectory/>
DeVry Inc. entered Brazil with its 2009 acquisition of Fanor, Ruy Barbosa and ÁREA1, which are universities located in Northeast Brazil.<ref name=10k2013>{{cite web|url=http://www.sec.gov/Archives/edgar/data/730464/000114420413048520/v352578_10k.htm|title=DeVry Inc. Form 10-K |publisher=United States Securities and Exchange Commision|date=2013|accessdate=26 May 2014}}</ref> In 2012, the university acquired Faculdade Boa Viagem and Faculdade do Vale do Ipojuca.<ref name=10k2013/> DeVry acquired a sixth Brazilian university, Faculdade Diferencial Integral, in 2013.<ref name=10k2013/> DeVry Inc. was renamed DeVry Education Group later that year.<ref>{{cite web|url=http://www.chicagobusiness.com/article/20131106/NEWS13/131109895/devry-inc-unveils-new-company-name|title=DeVry Inc. unveils new company name|author=Lorene Yue|publisher=Crain's Chicago Business|date=6 November 2013|accessdate=26 May 2014}}</ref>
==Locations==
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