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IDP Education

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International education organisation

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IDP Education Limited
FormerlyInternational Development Programme (1969–2003)
Traded asASX: IEL
Founded1969; 55 years ago (1969)
HeadquartersMelbourne, Australia
OwnerEducation Australia (25%)
Websitewww.idp.com

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 (AAUCS) to assist universities in South-East Asia with development. In 1981 AAUCS changed its name to the International Development Program (IDP) 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 (note: there are more than 38 universities in Australia, some of them are not the shareholders of Education 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.

References

  1. "Why IDP? History". International Development Program. IDP Education. Retrieved 23 January 2024.
  2. "About Education Australia Ltd". Education Australia Limited. Archived from the original on 30 June 2022. Retrieved 17 March 2021.
  3. "Windfall return for SEEK in $330 million IDP float". The Australian Financial Review. 26 November 2015. Retrieved 17 March 2021.
  4. Walker, Peter (16 January 2017). "Jeremy Hunt in line for £14.5m windfall over Hotcourses sale". The Guardian. Retrieved 17 March 2021.
  5. Pollock, Ian (16 January 2017). "Hunt makes millions from sale of Hotcourses". BBC News. Retrieved 17 March 2021.
  6. "IDP's university shareholders retiring hurt". The Australian Financial Review. 9 November 2020. Retrieved 17 March 2021.
  7. "Unis flag $1 billion IDP Education block trade". The Australian Financial Review. 11 March 2021. Retrieved 17 March 2021.
  8. "Update on Education Australia Shareholding" (PDF) (Press release). IDP Education. 11 March 2021. Retrieved 17 March 2021.

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