M&A Deal Summary

Adapt IT Group Acquires Micros South Africa

On May 10, 2017, Adapt IT Group acquired software company Micros South Africa

Acquisition Highlights
  • This is Adapt IT Group’s 2nd transaction in the Software sector.
  • This is Adapt IT Group’s 2nd transaction in South Africa.

M&A Deal Summary
Date 2017-05-10
Target Micros South Africa
Sector Software
Buyer(s) Adapt IT Group
Deal Type Add-on Acquisition

Target

Micros South Africa

Gauteng, South Africa
Micros South Africa (Pty) Ltd. is a provider of integrated software and hardware solutions to the hospitality and retail industries in South Africa and Africa. Micros has over 20 years experience and over 300 employees specialising in the resale, support and deployment of software and hardware products along with rapidly growing cloud solutions and the provision of professional services for the hospitality industry.

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Buyer(S) 1

Buyer

Adapt IT Group

KwaZulu-Natal, South Africa
Category Company
Sector Information Technology
DESCRIPTION

Adapt IT Group is an innovative information technology (IT) services and specialised solutions provider, delivering IT solutions to some of the most successful Manufacturing, Financial Services, Education and Energy organisations in over 24 countries worldwide.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (South Africa) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 CQS Technology Holdings

Johannesburg, South Africa

CQS is a highly differentiated distributor, has a large, blue chip client base whose customers range from audit and financial professionals to listed companies and government bodies. The CQS client footprint extends up into Africa and includes Kenya, Nigeria, Namibia, Botswana, Malawi, Tanzania, Zambia and Uganda. CQS’s solutions include CaseWare® - a leading supplier of software solutions to accountants and auditors worldwide and ACL®, the leading global provider of data analytics and continuous monitoring software.

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