Total
0
Shares
recruiting
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • HIRE Technologies announced today that the company has acquired Pulsify, a cloud-based people management platform
  • HIRE has also issued 3,143,607 common shares at $0.607 per share
  • The Pulsify acquisition will provide HIRE a platform to assist its clients in implementing people management strategies
  • HIRE helps technology, staffing, and HR consulting firms navigate the changing world through growth solutions, focusing on digital transformation.
  • HIRE Technologies (HIRE) is currently trading at C$0.55 per share

HIRE Technologies has acquired Pulsify, a cloud-based people management platform.

HIRE Technologies works with staffing, IT, and HR consulting firms, providing the resources, support, and expertise to take their businesses further.

The Pulsify acquisition will provide HIRE a platform to assist its clients in implementing people management strategies.

Simon Dealy, CEO of HIRE, commented,

“We are excited to add this highly effective HR technology product to our portfolio, the first of HIRE’s HR SaaS products.”

“Our clients have already requested assistance in this area, and we will be able to provide this cost-effective solution that does not require the implementation of an entire HR team,” he added.

As partial consideration for the acquisition, HIRE has issued 3,143,607 common shares at $0.607 per share.

The company has also agreed to issue up to an additional $1,500,000 USD in common shares as performance-based earn-out payments during the three years after closing the acquisition.

Shares issued in connection with the acquisition will be subject to a 12-month escrow restriction from the date of issuance.

As a result of the acquisition, HIRE gains an additional revenue stream, operational efficiencies, and a solution to client demand for low-cost, simple implementation of smart workforce management.

Bennett Fisher, Co-Founder of Pulsify, commented,

“We created Pulsify for any business environment, to make it easier for managers to become better at what they do but ultimately to resolve the challenges that many businesses experience in implementing people management strategies.”

Pulsify is addressing an urgent need for better employee management in a rapidly growing human capital management market, particularly with the rise of remote work.

“Good people management is a challenge for many companies, particularly now that teams are working remotely, but it is vital to business success,” commented Mr. Dealy.

HIRE helps technology, staffing, and HR consulting firms navigate the changing world through growth solutions, focusing on digital transformation.

HIRE Technologies (HIRE) is currently trading at C$0.55 per share. 

More From The Market Herald
NEO Battery Materials - CEO, Spencer Huh.

" NEO Battery Materials (TSXV:NBM) begins engineering, procurement and construction of South Korean facility

NEO Battery (NBM) has completed the conceptual design and initiated engineering of its semi-commercial plant in South Korea.

" Graphene Manufacturing Group (TSXV:GMG) commences pilot plant construction

Graphene Manufacturing Group (GMG) is constructing a pilot production and testing plant for its graphene aluminum-ion batteries.

" Algoma Steel (TSX:ASTL) welcomes six new directors to its board

Algoma Steel (ASTL) has added six new directors to its board following the closing of Algoma’s business combination with Legato Merger Corp.
HPQ Silicon Resources - President and CEO, Bernard Tourillon.

" PyroGenesis (TSX:PYR) commissioning HPQ-Silicon’s (TSXV:HPQ) PUREVAP quartz reduction reactor pilot plant

PyroGenesis (PYR) is commissioning HPQ’s (HPQ) GEN3 PUREVAP quartz reduction reactor pilot plant.