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June 19, 2009
Acquisition said to position IT firm for public-sector prospects
JSE-listed Adapt IT Holdings is acquiring a majority 51% stake in Pretoria-based specialised software company ITS Holdings, for R16-million.
Adapt IT will gain three seats on the ITS board of directors. Following the acquisition, ITS will operate independently to preserve its brand and continue to service its user community.
Posted by StaffWriter at June 19, 2009 3:51 PM