Sbu Shabalala, CEO of specialist software group Adapt IT — once considered the best performing tech company in SA — has said a recent offer to buy out the firm he founded in 2007 is a validation of the business model and strategy working well enough to attract investment.
The Johannesburg-based company, which provides software solutions to the education, manufacturing, energy, financial services, communications and hospitality sectors, is subject to an R800m takeover bid from tech peer Huge Group. ..A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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