Adapt IT appoints Nodus Capital to examine Huge Group offer
The findings and recommendations by the financial expert will assist Adapt IT shareholders to understand the implications of the proposed transaction.
Adapt IT appoints board to scrutinise Huge Group offer
The company assigns a four-member team to conduct due diligence on the proposed R800 million acquisition.
Huge receives shareholder backing in Adapt IT buyout deal
Huge Group gets the backing of the majority of its shareholders to proceed with the proposed takeover of JSE-listed software services firm Adapt IT.
Huge Group launches Adapt IT shock takeover bid
The surprise bid will see the company offer Adapt IT shareholders R5.52 per share, which it says is a double-digit premium.
Adapt IT delivers robust performance
Cash generated from operations improved by 27% to R227 million.
Adapt IT prioritises debt repayment, withholds dividend
The company prioritises the reduction of borrowing and preserving cash for the financial year ended 30 June, and as a result, no dividend was declared.
CaseWare Africa launches ISRS Agreed-Upon engagements
CaseWare Africa, a division of Adapt IT, has released details of its latest addition to the assurance product suite: ISRS Agreed-Upon.
Moodle welcomes Adapt IT
Adapt IT now provides solutions for the sound management of tertiary institutions as a Moodle partner in SA, Botswana, Kenya, Mauritius and Nigeria.
Adapt IT still striving for growth
Revenue increased by 10% to R721 million and EBITDA remained level at R106 million.
Adapt IT profit slumps, no dividend
The company fails to declare a dividend on the back of decreased profit for the six months to December 2019.
Adapt IT, Alviva signal drop in earnings
Both companies cite tougher market conditions as the reason for the dip in performance.