JSE-listed tech firm 4Sight Holdings is in advanced talks to buy AccTech Systems, a professional services firm, and Dynamics Africa Services, an ISV Partner focusing on Microsoft Dynamics NAV and GP Enterprise solutions, for an undisclosed amount.
4Sight Holdings on Monday informed investors that it is in advanced negotiations for the acquisition of 100% of AccTech Systems and Dynamics Africa Services.
The company said the details of the imminent transaction will be announced in due course.
AccTech Systems is a professional services firm that partners with customers to run their enterprises efficiently and effectively through the deployment of best of breed business solutions.
Since its inception in 1994, AccTech has grown to be a world leader in the field of Enterprise Resource Planning, Customer Relationship Management and Point of Sale solutions.
While through a channel of highly skilled business partners Dynamics Africa focusses on the expansion of the Microsoft Dynamics brand in Africa through the delivery of localised ISV offerings.
Microsoft ERP Partners from ‘Cape to Cairo’ benefit from Dynamics Africa’s B2B lead generation campaigns. Acting as a Master Value Added Reseller for the Microsoft Dynamics ERP Channel, Dynamics Africa manages all transactions with Microsoft on behalf of its channel partners.
4Sight Holdings Limited – a tech firm that seeks to enable people to make decisions in the digital economy to better the quality of their being, business, and societies – is expanding its business into Chinese market.
Last month, the tech firm announced plans to buy 100% of the shares in Curo Health.
Curo Health will become a subsidiary of 4Sight.
4Sight Holdings which is incorporated in Mauritius operates in telecommunications, media and property services industries, and utilising big data, machine learning, AI, blockchain technology and data science capabilities.
Last October, 4Sight announced plans to buy 100% of the shares in AGE Technologies.
AGE will become a subsidiary of 4Sight.
The company said it will pay R80 million to buy AGE from the vendors (NL Jackson – who owns 70% and MA Powell who has 30% shareholding).