- 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.
