ITESM (Monterrey Institute of Technology and Higher Education), also known as Tecnológico de Monterrey, is a private, nonsectarian and coeducational multi-campus university based in Monterrey, Mexico. It was founded in 1943 by industrialists in the city of Monterrey, ITESM has since grown to include 31 campuses in 25 cities throughout the country becoming one of the most most recognized in Latin America and the developing world. It is certified since 1950 by the Southern Association of Colleges and Schools (SACSCOC) to grant undergrad and graduate diplomas internationally recognized and equivalent. As of 2010, the Institute offers 57 undergraduate degrees, of which 37 are taught in English; 53 master's degrees and 10 doctorate degrees.