Adapt IT buys project management firm

JSE-listed Adapt IT says it has acquired 49% of Uyandiswa Project Management Services, a 100% black woman owned project management consultancy.

This follows the group’s acquisition of AspiviaUnison, a cloud telecommunications intelligence and management solutions provider, late last month in a deal worth up to R200 million.

“We foresee excellent synergies between our businesses, both of which are firmly established and committed to being leading Broad-Based Black Economic Empowerment (B-BBEE) companies,” said Adapt IT CEO, Sbu Shabalala.

“Adapt IT has successfully retained its level 3 B-BBEE status, is ranked the 28th most empowered company on the JSE and 6th within the Information and Communications Technology (ICT) sector. Uyandiswa is a 100% black woman owned business, which is not only highly capable in ICT delivery, but favourably influences its customers B-BBEE scorecards.”

Amanda Dambuza, founder and CEO of Uyandiswa  has spent most of her corporate career in the financial services sector having run large programmes for Nedbank and Firstrand.

She spent time at Standard Bank before joining Barclays Africa. Her final role at Barclays Africa was that of CIO for the core services of the bank.

Dambuza retains 51% of the company and says that as a certified and seasoned project management professional, Adapt IT and its customers stand to benefit from her in-depth knowledge of the Financial Services Industry.

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Adapt IT buys project management firm