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The Educational Testing Service announced last week that it is launching a for-profit subsidiary for the first time in its 49-year history.

The Princeton, N.J.-based ETS, which creates and administers the Scholastic Assessment Test and numerous other exams, said the Chauncey Group International will handle the testing needs of both business and government. The new company will provide services to employers needing certification programs for employees and will help organizations that license and certify such professionals as architects and financial planners.

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