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M&A Deal Summary

Volaris Group Acquires Adapt IT

On January 4, 2022, Volaris Group acquired information technology company Adapt IT

Acquisition Highlights
  • This is Volaris Group’s 9th transaction in the Information Technology sector.
  • This is Volaris Group’s 1st transaction in South Africa.

M&A Deal Summary
Date 2022-01-04
Target Adapt IT
Sector Information Technology
Buyer(s) Volaris Group
Deal Type Add-on Acquisition

Target

Adapt IT

Johannesburg, South Africa
Adapt IT provides specialized software and digitally-led business solutions that assist clients across the targeted industries to Achieve more by improving their customer experience, core business operations, business administration, enterprise resource planning, and public service delivery. It has deep sector knowledge and experience predominantly in the education, manufacturing, financial services, energy, communications, and hospitality industries. To service international customers, the company focuses on the Pan-African market, where it has a presence in Mauritius, Botswana, Kenya and Nigeria, as well as on the Asia-Pacific market, where the group has a presence in Australia, New Zealand and Singapore. Adapt IT was forme din 1996 and is based in Johannesburg, South Africa.

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Buyer(S) 1

Buyer

Volaris Group

Mississauga, Ontario, Canada
Category Company
Sector Software
DESCRIPTION

Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions.

DEAL STATS #
Overall 64 of 92
Sector: Information Technology M&A 9 of 12
Type: Add-on Acquisition M&A Deals 57 of 83
Country: South Africa M&A 1 of 1
Year: 2022 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 purpleview

Dortmund, Germany

purpleview provides digital sales software for verticals like banks, insurance companies, telecommunications firms and other industries. purpleview helps customers digitize their customer processes, managing the entire contact-to-contract relationship. purpleview was founded in 2004 and is based in Dortmund, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Alemba

Edinburgh, United Kingdom

Alemba develops Alemba Service Manager, a highly functional, 100% ITIL-compliant IT Service Management tool with a specific focus on request fulfilment. Backed by 25 years of heritage, Alemba Service Manager enables users to respond quickly to business demands by dramatically reducing the time to request fulfilment through automated workflow integration. Alemba is based in Edinburgh, United Kingdom.

Buy -
Mergr

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