Adapt IT

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.

Feb 4, 2021

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.

Feb 1, 2021

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.

Jan 28, 2021

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.

Oct 26, 2020

Adapt IT delivers robust performance

Cash generated from operations improved by 27% to R227 million.

Oct 26, 2020

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.

Sep 23, 2020

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.

Jun 9, 2020

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.

Feb 24, 2020

Adapt IT still striving for growth

Revenue increased by 10% to R721 million and EBITDA remained level at R106 million.

Feb 24, 2020

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.

Feb 17, 2020

Adapt IT, Alviva signal drop in earnings

Both companies cite tougher market conditions as the reason for the dip in performance.

Dec 17, 2019

Adapt IT unit Conor hit by massive data breach

The company’s exposed information includes daily logs of user activity by customers of ISPs using Web filtering software.

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