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4Sight Holdings to list on AltX in October

7th September 2017

By: Anine Kilian

Contributing Editor Online

     

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Technology company 4Sight Holdings will list on the JSE’s Alternative Exchange (AltX) in October.
 
The company seeks to raise up to R300-million, which will be used for acquisitions and the incubation of new products in sectors as diverse as retail and healthcare.
 
“We foresee a growth in demand for real-time decision solutions in the Fourth Industrial Revolution. The underlying power to unlock economic value lies in the use of scientific and engineering skills applied cross-functionally with disciplines such as econometrics, medical sciences, bio-informatics, and astrophysics,” says CEO Professor Antonie van Rensburg
 
The group, through its subsidiaries, earns its income mainly from licensing intelligent algorithms in a software-as-a-service annuity revenue model.
                                                                                                                                                                                      4Sight Holdings, incorporated in Mauritius, acquired Digitata Mauritius on a share for share basis in June.

It operates in the telecommunications, media and property services industries, and uses big data, machine learning, artificial intelligence, blockchain technology and data science capabilities.
 
The Digitata acquisition provides 4Sight Holdings with an active regional office footprint in New Zealand, the United Arab Emirates and Panama, while the company also has sales representatives in Canada, the US, the UK, Sweden, France, Spain, Malaysia, Singapore and many African countries including Mauritius and South Africa.
 
4Sight plans to expand further through organic growth and acquisitions, seeking profitable businesses with deep data science skills.
 
The next round of strategic acquisitions will be concluded before December, enabling 4Sight to offer mining and manufacturing customers the ability to optimise value chains and plant operations in real time.
 
“Our acquisitions are aimed at creating long-lasting partnerships with Industry 4.0 companies to ensure our core focus on intelligent algorithms are secure for future licensing revenue flows,” Van Rensburg noted.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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