The university originally only accepted students with a Bachelor's degree (often in nontechnical subjects such as literature), but started an undergraduate program in software development in August 2007. Four MSc study programmes are currently offered, two of which are international and are taught in English. There are approximately 40 members of the scientific staff, 40 Ph.D. students and more than 1000 students. Also, many external lecturers are affiliated with the university.
The IT University of Copenhagen was established in Copenhagen, Denmark in 1999. At that time, it was in Danish called "IT-højskolen". In 2003, when a new Danish University Law was passed, the IT University was officially appointed a University, the twelfth and smallest university in Denmark, and therefore changed name to the IT University, also in Danish.
In 2004, the university moved to its own new building in the Ørestad development, right next to the Faculty of Humanities of the University of Copenhagen and the new headquarters of the Danish Broadcasting Corporation (DR). The new building was designed by Danish architect Henning Larsen.