4Sight Holdings said on Friday it would acquire BluESP, an engineering technology company that focuses on providing software solutions to the mining and manufacturing sectors, for R54.8m, payable in both shares and cash. The share portion will be worth R35m, while the cash portion is R19.8m. 4Sight’s share price climbed 6.38% on Friday to close at R2.50. 4Sight Holdings, which owns a data business, listed on the JSE’s Alternative Exchange on Thursday, making it the first tech listing in almost three years. BlueESP said its solutions enabled companies to operate their processing plants or manufacturing processes optimally, maximising revenues, eliminating inefficiencies and minimising costs. “These improvements are achieved by collecting data from sensors, equipment and IOT [internet of things] devices across an entire site and between multiple sites. The data is stored in a real-time data warehouse from where it can be analysed and visualised,” the company said. Further value was ad...

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