Adapt IT

Huge Group’s bid for Adapt IT dubbed ‘unfair, unreasonable’

An independent expert is of the opinion that the Huge offer consideration for the JSE-listed firm is unfair and unreasonable to Adapt IT shareholders.


Assault allegations are without merit, says Sbu Shabalala

Adapt IT CEO Sbu Shabalala says he has been caught in the crossfire of accusations of violent and uncharacteristic behaviour.


Adapt IT’s Sbu Shabalala temporarily steps down after assault case

Chief commercial officer Tiffany Dunsdon will become interim CEO during the period Sbu Shabalala will be on leave.


Adapt IT, Volaris extend takeover deadline

The companies move out the deadline for the fulfilment of the scheme of arrangement for the takeover of the software services group.


Volaris gets weighty shareholder support in Adapt IT takeover bid

The Canadian software group says it is inching closer to a deal after receiving irrevocable commitment from shareholders holding 44.4% of Adapt IT shares.


Huge forced to remove videos targeting Adapt IT shareholders

The company has taken down videos that discredited its competitor Volaris’s offer and Adapt IT executives, and retracted the statements they contained.


Huge squeezes Adapt IT shareholders as takeover bid gets mucky

In a series of videos, Huge Group discredits its competitor Volaris’s offer, while accusing Adapt IT executives of caring less for shareholders.


Adapt IT to cooperate with insider trading probe into Huge

The software services company will cooperate with the Financial Sector Conduct Authority’s investigations into Huge Group’s transactions on the JSE.

Apr 16, 2021

FSCA launches another probe into Huge Group JSE transactions

The regulator opens a new probe into the company’s share transactions right after concluding another investigation on different transactions.

Apr 13, 2021

Adapt IT - Experts at Expense Management

Adapt IT’s Streamline Expense Management platform delivers analytics aimed at taking control of all aspects of a company's complex IT spend environment.

Apr 8, 2021

Canada’s Volaris scuppers Huge Group’s bid for Adapt IT

Canadian software group Volaris makes a cash offer to acquire the JSE-listed specialised software services provider.

Mar 9, 2021

Adapt IT reduces debt, proves resilient in the face of COVID-19

In the six months to 31 December 2020 attributable profit after tax increased 37% to R28 million, and cash generated from operations increased 67% to R124 million.

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