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HIRE Technologies divests Kavin Group business, working to end cease-trading order

September 15, 2023

Hire Technologies Inc. (TSXV:HIRE.V), a Toronto-based firm focused on building a network of staffing, IT and HR consulting firms, divested the assets of its Kavin Group operations, according to an announcement Sept. 14. Hire Technologies also said its former CEO and CFO, Simon Dealy, will continue at the company through Dec. 31 as an independent contractor and the company is working to complete financial statements for 2022 in order to end the current cease-trading order. 

The announcement comes after Hire Technologies’ recent sale of its ProVision IT staffing operations and the sale earlier this year of its Headhunters business. 

Hire Technologies’ remaining business portfolio comprises PTC Accounting and Finance, Pulsify and Leaders International. 

The company said it’s remaining proactive in exploring further divestitures. 

Dealy, who had served as CEO and CFO, will continue to assist the firm on a scaled-back basis through Dec. 31, operating as an independent contractor. Dealy previously stepped down from the board. 

Former CFO Charlie Cooper resigned from the company last February. 

Hire Technologies also said it’s working with its auditor to complete its 2022 financial statements with an eye toward ending its current cease-trading order.