Hire Technologies Inc.
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- Hire Technologies Inc. (TSXV:HIRE, OTC:HIRRF) operates as a Canadian-based consolidator and provider of staffing, recruitment, and human resources consulting services, primarily through its subsidiaries including PTC Accounting and Finance, Pulsify, and Leaders International; the company delivers contract staffing, temp-to-perm placements, direct-hire recruitment, and specialized HR solutions across industries such as information technology, healthcare, accounting and finance, electric utilities, nuclear services, executive search, and governance consulting, with offerings that include W2 employees benefiting from healthcare, long-term disability, and 401k matching as well as 1099 contractors. Founded in 2018 and headquartered at 55 Adelaide Street East, Suite 400 in Toronto, Ontario, Hire Technologies serves clients nationwide in Canada, leveraging proprietary operational tools, cross-selling opportunities, and a centralized back-office system to support scalable growth in its single reportable segment of recruitment and related HR services targeting businesses and professionals. In recent developments, the company completed the sale of its ProVision business unit to Design Group Staffing Inc. (o/a Agilus Work Solutions) in September 2023 for CAD$4.5 million to reduce debt and liabilities, sold select assets of its Headhunters business resulting in a $4.7 million liability reduction, divested operational assets of its Kavan Group prior to the ProVision transaction as part of ongoing restructuring efforts, and continues to pursue additional divestitures while operating under a reduced leadership structure with interim CEO and CFO Simon Dealy through late 2023 amid financial stabilization measures including creditor settlements and delayed financial filings.
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