Tech-focused holding company 4Sight has acquired AccTech Systems and its subsidiary Dynamics Africa Services for a combined R150 million, the group announced.<\/p>\n
The group first noted its plans to acquire the companies earlier this week.<\/p>\n
According to 4Sight, the buyout of AccTech and Dynamics Africa Services – an independent software vendor (ISV) that focuses on Microsoft Dynamics NAV (formerly Navision) and GP (formerly Great Plains) Enterprise solutions – is an integral step in realising the group’s strategic vision.<\/p>\n
“Our objective is to provide industry 4.0-related solution services and implement relevant end-to-end technology stacks across key industry verticals, to help companies visualise, digitise, analyse, and optimise their data, systems and operations,” it said.<\/p>\n
Since its inception in 1994, AccTech<\/strong> has become a leading provider of enterprise applications such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Human Resource (HR), Business Process Management (BPM) and Business Intelligence (BI).<\/p>\n Before the advent of cloud computing, these enterprise applications were provisioned on-premise and in silos. However, the digitisation of platforms, communications, systems, services and processes now necessitates the seamless integration of technology stacks, the group said.<\/p>\n As one of the largest Value Added Resellers (VAR) for the Microsoft Dynamics channel in the Middle-East and Africa (MEA), with a strong footprint in the Southern African Development Community (SADC) region, Dynamics Africa Systems<\/strong> is ideally positioned to enable enterprise cloud migration on the world’s most pervasive software platform.<\/p>\n The ISV manages all transactions, on-boarding and licensing for Microsoft on behalf of its channel partners in Africa, positioning it as a key digital transformation enabler for hosted Microsoft Dynamics environments. The companies have a presence in 15 countries, servicing 1,200 customers and over 43,000 users across Africa.<\/p>\n Following the acquisition, AccTech will be better positioned to integrate client systems with other industry 4.0 solutions and services offered within the 4Sight Holdings group of companies, the group said.<\/p>\n AccTech was acquired for R120 million, while Dynamics Africa Systems was purchased for R30 million. The two companies became subsidiaries of 4Sight as of 1 April 2018.<\/p>\n
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