Adapt­ing

Finweek English Edition - - TECHNOLOGY -

Ex­tra­or­di­nary JSE gains in the past 90 days ref lect the rate at which Adapt IT – t he s of t ware a nd c om­puter ser vices f i rm – is grow­ing and the conf i dence i nvestors have i n it s po­ten­tial.

This devel­op­ment is not by chance. I n t he l a s t f e w yea r s , Adapt I T trans­formed it­self from be­ing a small Dur­ban-based player to hav­ing its foot­print across the globe.

Adapt IT now has cus­tomers in 18 coun­tries in Africa, Asia, Aus­trala­sia, Europe and North Amer­ica, and it still main­tains earn­ings growth.

In the six months to end De­cem­ber 2014, Adapt IT re­ported an 85% rise in op­er­at­ing profit to R38m.

Turnover was up 38% to R261m, boosted by pos­i­tive con­tri­bu­tions from the ex­ist­ing di­vi­sions’ or­ganic growth of 11% and ac­quis­i­tive growth con­tribut­ing 27%.

Adapt IT CEO Sibu­siso Sha­bal­ala c r e d i t s t he c on­sisted g r owth t o h i s c o mpany ’ s s t r a t e g y, whic h in­volves un­earthing South African en­trepreneurs.

“We are cre­at­ing a plat­form for en­trepreneurs to ex­plore their soft­ware i f nec­essa r y t hrough Adapt I T,” ex­plains Sha­bal­ala.

“We aim to con­tinue to grow our ex­ist­ing busi­ness or­gan­i­cally and at­tract new en­trepreneurs to come and join us in or­der for them to ex­port their soft­ware glob­ally through Adapt IT.”

Sha­bal­ala be­lieves t his model is sus­tain­able “be­cause there is al­ways a need out t here for dif­fer­en­ti­ated so­lu­tions”.

The com­pany’s mar­ket cap­i­tal­i­sa­tion has gal­loped to more than R1.2bn from

Sibu­siso Sha­bal­ala

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