---
title: News | Daily Maverick
description: Adapt IT in the news
---

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# News

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### Recent Posts

- [Adapt IT partners with Dext to bring leading bookkeeping automation to the Africa](https://www.adaptit.com/news/adapt-it-partners-with-dext-to-bring-leading-bookkeeping-automation-to-the-africa)
- [Adapt IT expands hospitality role with Spa Guru](https://www.adaptit.com/news/adapt-it-expands-hospitality-role-with-spa-guru)
- [Canada’s Volaris taps Adapt IT executives in leadership reshuffle](https://www.adaptit.com/news/canadas-volaris-taps-adapt-it-executives-in-leadership-reshuffle)
- [Adapt IT appoints new CEO](https://www.adaptit.com/news/adapt-it-appoints-new-ceo)
- [Adopt-A-School Foundation Celebrates Its National Matric Top Achiever From a Rural Limpopo School](https://www.adaptit.com/news/adopt-a-school-foundation-celebrates-its-national-matric-top-achiever-from-a-rural-limpopo-school)
- [And the winner is… Announcing the Moodle Certified Partner Awards 2024](https://www.adaptit.com/news/announcing-the-moodle-certified-partner-awards-2024)
- [ADAPT IT: Specialised Solutions Help Clients Achieve More](https://www.adaptit.com/news/adapt-it-specialised-solutions-help-clients-achieve-more)
- [Adapt IT seeks software business targets in Europe, Africa – CEO](https://www.adaptit.com/news/adapt-it-seeks-software-business-targets-in-europe-africa-ceo)
- [South Africa’s favourite IT service providers](https://www.adaptit.com/news/south-africas-favourite-it-service-providers)
- [Raspberry Pi 400 handover at Lodirile Secondary School](https://www.adaptit.com/news/raspberry-pi-400-handover-at-lodirile-secondary-school)

## Daily Maverick

### Recent Posts

Mar 10 2021

### [BUSINESS MAVERICK: Adapt IT bounces back — and now has to deal with an unsolicited offer from Huge Group](https://www.adaptit.com/news/business-maverick-adapt-it-bounces-back-and-now-has-to-deal-with-an-unsolicited-offer-from-huge-group)

 by Daily Maverick

BUSINESS MAVERICK: Adapt IT bounces back — and now has to deal with an unsolicited offer from Huge Group Small-cap shares are a bit unloved on the JSE right now, but software company Adapt IT has survived the tough climate of 2020 and is aiming for growth. Shareholders and unwelcome suitors have noticed. It took small-cap software company Adapt IT a lot longer to recover from the beating that listed shares took in March 2020. That was when investors took fright at the looming coronavirus pandemic, causing global markets and the JSE to plunge by 25% or more over four days. While markets had almost fully rebounded by late July, Adapt IT was still hovering at R1.17 in late September, well off the R3.70 at which it started the year.But that changed in the same month when the company released its results for the year to 30 June 2020 which reassured investors that it was not going down the tubes, it was cash-flow positive and could manage its debt. Don't want to see ads?Since then the share...[Read More](https://www.adaptit.com/news/business-maverick-adapt-it-bounces-back-and-now-has-to-deal-with-an-unsolicited-offer-from-huge-group)

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