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Mike Dufton explains Volaris’s investment philosophy, Adapt IT’s place in the portfolio and its plans for tech investment in Africa...Read More

Adapt IT has big plans to expand its offerings in Africa and are looking at acquisition opportunities following its acquisition by Volaris Group and delisting from the JSE. 2021 was a turbulent year for Adapt IT, with a bidding war for the company between Volaris Group and Huge Group and the resignation of its long-time CEO, Sbu Shabalala. This year started more positively with the conclusion of the Volaris deal, which gives Adapt IT the opportunity to expand to many more countries and customers around the globe. Speaking to Business Day TV, Adapt IT CEO Tiffany Dunsdon said the management team is excited, energised, and ready to expand the company’s operations. She said Adapt IT will assist Volaris to bring its vast range of software solutions to the African market. “The acquisition supercharged what Adapt IT has done to date and created a lot more access to solutions into Africa,” she said. Adapt IT will also look at potential acquisitions in Africa. “Volaris is acquisitive, which...Read More

The Adapt IT Johannesburg Campus in Midrand, South Africa. (Photo: Twitter / @AdaptITSA)...Read More

Business Day TV talks to Adapt IT CEO Tiffany Dunsdon Adapt IT is the first company to have delisted from the JSE in 2022. This is due to a successful takeover bid by Volaris at R7 per share that led it to acquire 63.87% of the company. Business Day TV spoke to CEO Tiffany Dunsdon for more detail....Read More

The new owners have committed to establishing an education trust to benefit employees and their families Adapt IT delisted from the JSE on Tuesday after Canadian group Volaris took control of the specialist software and services group for R616m, concluding a transaction that had been mired in a bidding war. Volaris portfolio leader Michael Dufton assured Adapt IT’s employees and customers on Tuesday that the company intends to be a productive and positive force, including through the establishment of an education trust to benefit employees and their families......Read More

Adapt IT has been acquired by the Volaris Group for R7 per Adapt IT share. Volaris is a wholly-owned subsidiary of Constellation Software, a Canadian listed entity. Image Supplied All conditions and regulatory approvals have now been met, including approval from various competition authorities, the Takeover Regulation Panel as well as the JSE. The deal was also conditional on Volaris acquiring more than 50% of Adapt IT shares. Volaris has acquired 63,87% of Adapt IT. Pursuant to the implementation of the deal, Adapt IT will delist from the JSE with effect from 4 January 2022. “The acquisition is a wonderful South African success story. Adapt IT was founded in 1996, the business was listed in 1998 and successfully grew its customer base to more than 10,000 customers in 55 countries around the world. With this acquisition, Adapt IT will have the opportunity to expand to many more countries and customers around the globe,” says Tiffany Dunsdon, CEO of Adapt IT. The acquisition results in...Read More