JSE-listed expertise options supplier 4Sight is shopping for Sage HR and payroll companions X4 Options and XFour Expertise, for greater than R42-million.
The acquisition, executed by means of 4Sight subsidiary 4Sight Programs, is supposed to develop 4Sight’s digital enterprise ecosystem and strengthen its presence within the workforce expertise sector throughout Africa.
Established in 2017, X4 Options and XFour Expertise supply mobile-first worker self-service platform RocketSlip, which integrates with platforms like WhatsApp, catering to the wants of deskless and distributed workforces. Their XOne product, in the meantime, is designed for onboarding, offboarding and timesheet administration.
The acquisition, efficient from 1 March 2025, is about for implementation on 30 April 2025.
The acquisition worth includes an preliminary tranche of R21.2-million, comprising a money element of R10.6-million and a share element of the identical worth in newly issued 4Sight shares.
A second conditional deferred tranche, additionally amounting to R21.2-million, will probably be paid based mostly on the businesses’ monetary efficiency between March 2025 and February 2026.
Key personnel from the acquired corporations – Clark Fourie, Jaco Smit and Shaun O’Reilly – will probably be required to stay employed by the 4Sight Group till March 2028, with their 4Sight shares pledged as safety throughout this era.
Shares soar
The mixed revenue attributable to the businesses for the 12 months ended February 2025 was R5-million, with a mixed web asset worth of R18.1-million.
4Sight shares had been buying and selling 6.1% larger in Johannesburg following the announcement of the acquisition of the companies. As much as yesterday’s shut, the shares had misplaced 9.6% over the previous yr. Nonetheless, over three years, they’ve appreciated by 230%. – © 2025 NewsCentral Media
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