Complex sentence: The Middlebury Institute was established in 1955 as the Monterey Institute for Foreign Studies and later re-named as the Monterey Institute of International Studies until January 7,2015 when its name changed for a second time to Middlebury Institute of International Studies at Monterey.
Split into simpler sentences: The Middlebury Institute was established in 1955 as the Monterey Institute for Foreign Studies and later re-named the Monterey Institute of International Studies. On January 7,2015, Middlebury announced that the Institute would become known as the Middlebury Institute of International Studies at Monterey.