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.[1]
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.[2]
In 2015, IDP became a list company which SEEK sold its 50% shares to the general public.[3]
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.[4][5]
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.[6] 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.[7][8]
