New Zealand’s Institute of IT Professionals has discovered it is insolvent and advised members it has no alternative but to enter liquidation.
The Institute (ITP) wrote to members on Thursday and posted a document titled “Important Update on ITP’s Future” that reveals it has “reached a point where the organization cannot continue. After a full review of our finances, the Board has confirmed that ITP is insolvent.”
Insolvency seems to have come as something of a surprise.
“These debts are historic. They go back over many years. While some of the issues were worked on in more recent times, the full scale of the problem only became visible during the leadership change in 2025,” the Update states. “Once the Board understood the full picture, it was clear that there was no responsible way forward other than liquidation.”
ITP’s CEO stepped down in August, and in an exit interview responded to a question about her biggest achievements in the role by saying “When I joined ITP, it was a brilliant organization with deep roots in the tech community, but to be frank, it was living beyond its means. Refactoring the organization—financially, structurally, and strategically—has been a tough but necessary journey.”
ITP’s constitution requires its members to formally resolve to wind up the organization, so as one of its final acts the group has called a Special General Meeting (SGM) for 23 October 2025 to confirm liquidation and appoint a liquidator.
This situation impacts more than ITP’s ~10,000 members, because the organization offers assessment services that assess whether IT professionals’ skills and qualifications make them eligible to move to New Zealand for work. ITP also certifies IT degrees at New Zealand universities, and oversees the NZ Cloud Computing Code of Practice.
ITP also conducted educational and advocacy activities aimed at growing New Zealand’s tech workforce.
Ahead of the SGM, ITP will not conduct any activity.
The Register has asked ITP for further information on its finances, and the impact on its staff. We have not received a response at the time of writing.
The news isn’t all grim, as the ITP Board says it is “in the process of meeting with like-minded organisations to understand if we can find a new home for the membership.” ®
