IDP Education
| Company type | Public |
|---|---|
| Industry | Education services |
| Predecessor | Australian Asian Universities' Cooperation Scheme (AAUCS) |
| Founded | 1969 |
| Headquarters | Australia |
Area served | Australia, New Zealand, United States, United Kingdom, Ireland, Canada |
| Products | Student placement services |
IDP Education Limited operates as a global education services company, specializing in placing students in institutions across Australia, New Zealand, the United States, the United Kingdom, Ireland, and Canada.
History
The organisation originated in 1969 under the name Australian Asian Universities' Cooperation Scheme (AAUCS), aimed at supporting universities in South-East Asia. In 1981, it was rebranded as the International Development Program (IDP) of Australian Universities and Colleges.
In 2006, SEEK Limited purchased a 50% interest from Education Australia, a consortium of Australian universities previously called IDP Education Australia Limited.
IDP became a publicly traded company in 2015 when SEEK sold its entire 50% ownership to public investors.
In January 2017, IDP enhanced its online capabilities by acquiring Hotcourses, a UK-based educational listings firm, for £30 million. Hotcourses was originally co-founded by British politician Jeremy Hunt.
During April 2020, IDP secured AU$175 million through a new share offering. Following this, Education Australia—representing 38 Australian university shareholders—divested 5% of its holdings to the market. By March 2021, Education Australia declared intentions to release an additional 15%, with the remaining 25% shares retained by the universities themselves.