New tech player 4Sight to list on the JSE next week

Technology company 4Sight Holdings will list on the JSE’s Alternative Exchange (AltX) on 19 October 2017.

4Sight is a technology group investing in established ‘Industry 4.0’ companies using technologies such as artificial intelligence (AI), machine learning (ML), algorithms and the Internet of Things (IOT).

The listing will enable people to invest in a pure data technology company. CEO, Antonie Van Rensburg said that 4Sight has its roots in the fourth industrial revolution – the moving of a physical world into a digital one.

“We are going to engage in digital processes, machines, and the digital economies,” he said recently. The CEO said the company will invest into those industries – dubbed Industry 4.0 technology.

The company acquired Digitata in June, which provides solutions allowing mobile network operators to improve their network, revenue and subscriber experience, through algorithms.

It is looking to raise up to R300 million through its listing, of which R52 million will go to the Digitata purchase.

The listing, the group said, will provide access to funding, increased exposure to markets and credibility, and will aim to attract new talent and opportunities.

Read: How much it costs to list a company on the JSE

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New tech player 4Sight to list on the JSE next week