IDP Education
IDP Education Limited is an international education organisation offering student placement in Australia, New Zealand, United States, United Kingdom, Ireland and Canada.
History
IDP was established in 1969 as Australian Asian Universities' Cooperation Scheme to assist universities in South-East Asia with development. In 1981 AAUCS changed its name to the International Development Program of Australian Universities and Colleges and schools.In 2006, SEEK acquired 50% shares of IDP from the Australian universities consortium Education Australia. Education Australia was formerly known as IDP Education Australia Limited.
In 2015, IDP became a list company which SEEK sold its 50% shares to the general public.
In January 2017, IDP acquired UK Educational listings company Hotcourses for £30 million. Hotcourses was co-founded by British politician and former Foreign Secretary Jeremy Hunt.
In April 2020, IDP issued new shares that raised AU$175 million. In June, Education Australia, the holding company for the 38 universities of Australia, sold 5% shares to the public. In March 2021, Education Australia announced to sell a further 15% shares to the public and announced that the remaining 25% shares of IDP would be distributed to the 38 universities.