Huge Group, despite its name, is the lesser-known party of the two in its tilt at software development group Adapt IT, for which it’s offered R800m in an all-share deal. Huge’s market cap, at R1bn, is considerably larger than Adapt IT’s R642m valuation. But it wasn’t always like this. Back in 2016, Adapt IT’s shares reached a high of R16.50, while Huge, which specialises in fixed-location wireless telephony, has never really cracked it with investors since its 2007 listing. We spoke to Huge CEO James Herbst.
You seem to be two very different companies — you’re in telephony, they’re in software development, so why the offer?..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.