JSE-listed 4Sight announced on Tuesday that it has inked a strategic deal with Unplugg Group, a black-owned tech company.
As part of the transaction, a new entity to be known as 4Sight Unplugg has been formed.
The new company will be 51%-owned by Unplugg and 49% by 4Sight.
4Sight Unplugg’s board will be led by Antony Hlungwane, the CEO of Unplugg.
Hlungwane has more than 20 years’ experience in the ICT industry.
He is a former CIO of Mr Price and has extensive executive experience in the retail, banking and telecommunications industries. In 2013 and 2015 he was a finalist in the annual IT Web Visionary CIO award. Among other qualifications, he holds an MBL from Unisa School of Business Leadership.
Unplugg was founded in 2006 and currently has two subsidiaries, Unplugg Software Solutions (the founding division) and Unplugg Consulting Solutions.
“The strategic alliance’s collective experience and intellectual capital will strengthen our position in the market and enable clients to benefit from transformative solutions that deliver value and outcomes that matter. Furthermore, the partnership will extend our collective industry reach”,” says Hlungwane.
The vehicle for the new strategic partnership was registered in January and has already begun working for clients and has a strong pipeline.
“We are delighted to have finally found black partners that have the same passion for using technology innovatively to solve clients’ problems—the culture fit between the two companies is remarkable,” says Tertius Zitzke, CEO of 4Sight.
“The Unplugg team is a set of truly impressive individuals with a solid base of experience and skills that complement our own. We are very excited about the potential of 4Sight Unplugg and are delighted to have people of this calibre on board.”