delivering solutions for your environment www.adaptit.co.za

Durban, South Africa – 22 November 2017 – JSE-listed Adapt IT Holdings Limited (“Adapt IT”) today announced that it will acquire the business of CDR Live Limited and its subsidiaries (“the LGR Group”), trading as LGR Telecommunications (“LGR”), as a going concern. The transaction encompasses four global companies and is worth approximately $5 million.

LGR is a specialist solutions provider to the global telecommunications industry. With a track record spanning over 18 years, LGR provides and manages end-to-end data warehouse and business intelligence systems at leading international telecommunications operators. With operations in Mauritius, South Africa and Australia, LGR services the major network service providers that operate in various countries in Africa and in Australia. Its customer base comprises carrier network operators, mobile virtual network operators and channel partners.

Adapt IT’s Service Provider Solutions (“SPS”), which is the division into which LGR will be integrated, is focused on providing solutions to the Mobile Carrier Network segment. Adapt IT, and specifically SPS, is looking to provide additional value into these environments. The LGR offering will allow it to do just that, by enabling it to extend its service offering into Advanced Network Analytics.

The acquisition of LGR provides Adapt IT with revenue and geographic diversification opportunities. LGR’s experience working with large global telecommunications networks creates bidirectional cross-selling opportunities for Adapt IT, opening up foreign markets to Adapt IT’s other software products and services.

Sbu Shabalala, CEO of Adapt IT, says the numerous synergies between Adapt IT and LGR highlight the value of this acquisition in augmenting Adapt IT’s overall growth strategy, not only in the telecommunications sector in South Africa but also the whole of Africa and in Australia. The acquisition also improves Adapt IT’s foreign currency revenue generation.

“Adapt IT and LGR can benefit from the synergy and scale advantages that already exist to leverage further opportunities to increase revenue and capacity,” says Shabalala.

LGR COO, Lucky Fatsilidis, is excited about the business value that Adapt IT brings to the table. He says that, together, the organisations will be able to fully exploit opportunities in the local and international telecommunications market. As the market has matured, it has become evident that customers need high-quality analytics to both protect their customer bases and to increase their profitability.

“LGR plans to play a meaningful role in Adapt IT’s telecommunications strategy, and to grow the business by adding relevant world-class solutions to the company’s existing product offerings,” says Fatsilidis.

ADAPT IT ACQUIRESLGR TELECOMMUNICATIONS

From left to right: Muzi Tshabalala (Adapt IT Commercial Executive); Lucky Fatsilidis (LGR COO); Rory Mapstone (LGR CTO);Tiffany Dunsdon (Adapt IT Commercial Director) and Craig Young (Adapt IT COO)

Durban, South Africa – 22 November 2017 – JSE-listed Adapt IT Holdings Limited (“Adapt IT”) today announced that it will acquire the business of CDR Live Limited and its subsidiaries (“the LGR Group”), trading as LGR Telecommunications (“LGR”), as a going concern. The transaction encompasses four global companies and is worth approximately $5 million.

LGR is a specialist solutions provider to the global telecommunications industry. With a track record spanning over 18 years, LGR provides and manages end-to-end data warehouse and business intelligence systems at leading international telecommunications operators. With operations in Mauritius, South Africa and Australia, LGR services the major network service providers that operate in various countries in Africa and in Australia. Its customer base comprises carrier network operators, mobile virtual network operators and channel partners.

Adapt IT’s Service Provider Solutions (“SPS”), which is the division into which LGR will be integrated, is focused on providing solutions to the Mobile Carrier Network segment. Adapt IT, and specifically SPS, is looking to provide additional value into these environments. The LGR offering will allow it to do just that, by enabling it to extend its service offering into Advanced Network Analytics.

The acquisition of LGR provides Adapt IT with revenue and geographic diversification opportunities. LGR’s experience working with large global telecommunications networks creates bidirectional cross-selling opportunities for Adapt IT, opening up foreign markets to Adapt IT’s other software products and services.

Sbu Shabalala, CEO of Adapt IT, says the numerous synergies between Adapt IT and LGR highlight the value of this acquisition in augmenting Adapt IT’s overall growth strategy, not only in the telecommunications sector in South Africa but also the whole of Africa and in Australia. The acquisition also improves Adapt IT’s foreign currency revenue generation.

delivering solutions for your environment www.adaptit.co.za

“Adapt IT and LGR can benefit from the synergy and scale advantages that already exist to leverage further opportunities to increase revenue and capacity,” says Shabalala.

LGR COO, Lucky Fatsilidis, is excited about the business value that Adapt IT brings to the table. He says that, together, the organisations will be able to fully exploit opportunities in the local and international telecommunications market. As the market has matured, it has become evident that customers need high-quality analytics to both protect their customer bases and to increase their profitability.

“LGR plans to play a meaningful role in Adapt IT’s telecommunications strategy, and to grow the business by adding relevant world-class solutions to the company’s existing product offerings,” says Fatsilidis.

About Adapt IT

Adapt IT provides a variety of specialised IT software solutions and services to Education, Energy, Financial Services, Hospitality and Manufacturing sector clients. Adapt IT has over 1,000 employees and customers in 40 countries in Africa, Asia, Australasia, Europe, South America and North America, and its services and solutions span the complete software IT lifecycle, from consulting and application design and development, through to delivery and support. For more information, visit

www.adaptit.co.za

About LGR

LGR is a specialist solutions provider with an exclusive focus on the global telecommunications industry. For more than a decade, LGR has built an enviable reputation for the provision and management of the world’s foremost end-to-end data warehouse and business intelligence systems at leading international operators. LGR has 36 employees and currently operates in 10 countries. For more information, visit

www.lgr.biz

Sbu ShabalalaChief Executive Officer (CEO)Adapt IT Holdings Limited

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