Adapt IT buys hospitality specialist group Micros
JSE-listed Adapt IT has acquired Micros South Africa Group, a provider of integrated software and hardware solutions to the hospitality and retail industries in South Africa and Africa, for R61.3 million.
The Micros group provides software, hardware, enterprise systems integration, consulting, support and solutions to its clients, primarily in the hospitality industry.
Adapt IT said that the acquisition of Micros creates an entry into the hospitality industry, further diversifying the group.
“The Micros group is a good fit with Adapt IT’s strategy as it provides, implements and supports world class complex niche software solutions for an industry in which it has deep vertical expertise acquired over 20 years,” it said.
Micros distributes Oracle Hospitality products under value-added reseller agreements with global software vendor Oracle Inc. The group’s portfolio of products and services help with the management of hotels, retailers and food and beverage facilities.
The restaurant management portfolio includes point-of-sale systems, customer loyalty solutions, as well as solutions that automate back- and front-of-house communication.
The hotel management portfolio includes central reservation systems, property management solutions and back-office functions.
Shares in Adapt IT traded at at R10.12 in early trade on Thursday, giving the company a market cap of R1.55 billion.
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