Tokyo-based Mitsui & Co., Ltd has become a minority investor in QS by purchasing existing shares and subscribing for new shares for an undisclosed amount.

In addition to the annual World University Rankings, QS also operates TopUniversities.com, TopMBA.com, organises 300 recruitment fairs a year and offers services to some 1,200 higher education institutions worldwide.

The company has plans to expand its research, technology and student recruitment globally, but with a particular focus on Asia.

Nunzio Quacquarelli, CEO of QS said the investment from Mutsui “can especially support our development in Asia” adding, “we were seeking and have found a likeminded company which shares our long term vision”.

“Through this business we will help to nurture the global human resources needed by the global economy”

With offices in 66 countries, Mitsui invests in diverse sectors including chemicals, food products, iron & steel, mineral & metal resources and education. This year it led US$7m in funding for Geekie, an adaptive learning platform in Brazil.

Last year the company also invested $5m in Synergis Education, an education company specialising in online and on the ground adult learner programmes.

“We aim to use our experience in the online education field to create new services,” said Takeshi Akutsu, GM of Mitsui Service Business Division in a statement.

“At the same time, through this business we will help to nurture the global human resources needed by the global economy.”