Browsing: Adapt IT

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Adapt IT shoots up on deal talks

The share price of Durban-based technology services company Adapt IT shot up by more than 10% on Tuesday morning after it said it was in talks about a possible acquisition. The fast-growing company, which in August reported a 55% improvement in full-year headline earnings per share on the back of strong revenue

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Adapt IT profits, revenue surge higher

Durban-based technology services company Adapt IT has grown headline earnings per share by 55% to 34,55c in its 2014 financial year, which ended in June. That was on the back of a 34% rise in revenue to R406,3m and a 69% improvement in operating profit to R49,6m. On the

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Adapt IT in R98m SAP buy

JSE-listed Adapt IT has acquired a 100% stake in South African oil and gas consultancy Aquilon in a deal worth R98m. The acquisition will allow Adapt IT to expand into Africa’s fast-growing energy sector and strengthen its SAP solutions expertise. Aquilon

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Adapt IT on the hunt for acquisitions

Following its acquisition of SAP specialist Swicon360 in 2012, JSE-listed technology group AdaptIT says it is again looking for acquisitions of companies that operate in complementary areas and that will bring long-term, blue-chip clients to the table. The company’s

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Adapt IT buys Swicon360 for R11,7m

Fast-growing JSE-listed technology company Adapt IT has acquired SAP specialist Swicon360 for R10,4m in cash plus shares worth R1,3m. Swicon360, which was established 12 years ago, provides business process outsourcing services for the SAP ERP Human Capital Management