[Africa] 4Sight Holdings acquires HR specialist XFour Group

The South Africa-based Global AI technology group 4Sight Holdings has announced its acquisition of XFour, an HR and payroll technology services provider, in a deal worth over R40,000,000, ITWeb reports.

Founded in 2017, XFour specialises in integrating and optimising HR and payroll systems in 20 African countries. The firm is a Sage Platinum HR and Payroll Business Partner, recognised in the market for its expertise in business process automation and digital transformation.

Tertius Zitzke - CEO of 4Sight Holdings - said, “XFour brings a wealth of young and dynamic talent, innovation and proven specialisation to the table.” 

Clark Fourie - Financial Director of XFour - said, “Joining the 4Sight family marks an exciting new chapter for XFour Solutions. We are proud to bring our HR and payroll implementation expertise to a group that shares our passion for innovation and customer success. Together, we will unlock new opportunities for our customers, offering them access to a broader suite of digital transformation solutions and services.” 

XFour product director Shaun O’Reilly reportedly believes that, while the sector has historically trailed in the adoption of transformative technology trends, the untapped potential of AI for HR stakeholders represents an unprecedented opportunity.

The acquisition will help accelerate 4Sight’s growth by expanding its portfolio of enterprise HR technologies within its People solutions business while unlocking synergies between XFour’s cutting-edge intellectual property in the HR and payroll arena and 4Sight’s extensive experience in delivering HR solutions.

“Importantly, this acquisition will amplify the impact of 4Sight Automated Intelligence (4AI) solutions among customers embracing AI to help improve their HR business processes, create more sustainable business models and drive transformative change at scale,” Mr Zitzke said.

Mr O’Reilly added that XFour looks forward to the opportunities for market expansion the acquisition will create.

“It will also enhance our ability to offer customers access to a broader suite of digital transformation solutions and services,” he said.

Source: ITWeb

(Quotes via original reporting)

The South Africa-based Global AI technology group 4Sight Holdings has announced its acquisition of XFour, an HR and payroll technology services provider, in a deal worth over R40,000,000, ITWeb reports.

Founded in 2017, XFour specialises in integrating and optimising HR and payroll systems in 20 African countries. The firm is a Sage Platinum HR and Payroll Business Partner, recognised in the market for its expertise in business process automation and digital transformation.

Tertius Zitzke - CEO of 4Sight Holdings - said, “XFour brings a wealth of young and dynamic talent, innovation and proven specialisation to the table.” 

Clark Fourie - Financial Director of XFour - said, “Joining the 4Sight family marks an exciting new chapter for XFour Solutions. We are proud to bring our HR and payroll implementation expertise to a group that shares our passion for innovation and customer success. Together, we will unlock new opportunities for our customers, offering them access to a broader suite of digital transformation solutions and services.” 

XFour product director Shaun O’Reilly reportedly believes that, while the sector has historically trailed in the adoption of transformative technology trends, the untapped potential of AI for HR stakeholders represents an unprecedented opportunity.

The acquisition will help accelerate 4Sight’s growth by expanding its portfolio of enterprise HR technologies within its People solutions business while unlocking synergies between XFour’s cutting-edge intellectual property in the HR and payroll arena and 4Sight’s extensive experience in delivering HR solutions.

“Importantly, this acquisition will amplify the impact of 4Sight Automated Intelligence (4AI) solutions among customers embracing AI to help improve their HR business processes, create more sustainable business models and drive transformative change at scale,” Mr Zitzke said.

Mr O’Reilly added that XFour looks forward to the opportunities for market expansion the acquisition will create.

“It will also enhance our ability to offer customers access to a broader suite of digital transformation solutions and services,” he said.

Source: ITWeb

(Quotes via original reporting)