4Sight Acquires X4 Solutions and XFour Tech to Boost Workforce Innovation

Shareholders are advised that 4Sight  has concluded a sale of shares agreement (the “Agreement”) in terms of which its wholly owned subsidiary, 4Sight Systems Proprietary Limited (the “Purchaser”), will purchase the entire issued share capital of X4 Solutions Proprietary Limited and XFour Technology Proprietary Limited (together, the “Companies”), respectively, from X Four Holdings Proprietary Limited (the “Seller”) (the “Acquisition”). The ultimate beneficial shareholders of the Seller are Clark Fourie, Jaco Smit and Shaun O’Reilly (together, the “Key Personnel”).

The salient terms and conditions of the Acquisition are set out in paragraph 3 below.

Information on the Companies and rationale for the Acquisition

Established in 2017, the Companies have rapidly emerged as a leading Platinum Sage HR & Payroll Partner, delivering innovative workforce solutions to customers across more than 20 African countries. The Companies’ ability to tailor enterprise-grade offerings to the unique dynamics of the African labour market positions them as strategic enablers of digital transformation across the continent. With a strong focus on mobility, accessibility and scale, the Companies have developed proprietary technologies such as RocketSlip – a lightweight, mobile-first employee self-service platform that integrates seamlessly with applications like WhatsApp to reach deskless and distributed workforces, which directly addresses a significant segment of Africa’s workforce. The Companies’ depth of technical capability, proven project methodologies and success in navigating complex implementations – particularly within Tier 1 enterprises with workforces exceeding 10 000 employees – has cemented the Companies’ reputation as trusted digital transformation partners.

The Acquisition aligns with 4Sight’s strategy to expand its digital enterprise ecosystem and strengthen its footprint in workforce technologies. The Acquisition will unlock immediate synergies across 4Sight’s existing pillars, including Data Enablement, Modern Digital Enterprise and Adoption & Change Management. The combined offering is expected to accelerate innovation, deepen customer engagement and enhance value creation across existing and new markets. Through the Acquisition, 4Sight and the Companies are well positioned to advance workforce enablement across Africa through intelligent automation, inclusive technology and scalable enterprise solutions