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5:10

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.

3:30
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.

2:50
Mar 9, 2021

Adapt IT debt strategy pays off, cuts debt interest by R8m

The company says it has shown resilience in a year most businesses were affected by the COVID-19 pandemic and other macro-economic factors.

1:20
Feb 24, 2021

Adapt IT Holdings to present interim trading update

The company's cash generation from operations was strong, with the cash balance up by 93% to R142 million.

5:30
Oct 26, 2020

Adapt IT delivers robust performance

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

3:10
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.

3:00
Feb 24, 2020

Adapt IT still striving for growth

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

2:00
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.

5:40
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.

1:30

2019 IT personality, Visionary CIO awards finalists revealed

The IITPSA announces 2019 President’s Awards shortlist, which includes top veterans, change makers and innovators for the year.

4:10
Oct 14, 2019

Underperforming energy segment hurts Adapt IT profit

The company’s profit declines to R76 4 million, resulting in Adapt IT deferring its dividend decision until year-end.

1:00

Nominations open for IITPSA President’s Awards

The ICT industry body is calling for nominations for the awards, which include the IT Personality and Visionary CIO of the year.

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