Hire Technologies Inc. (TSXV: HIRE), a Toronto-based staffing firm, reported first-quarter revenue rose 89.1% year over year. Looking at organic growth, revenue was up 7%.

“Organic growth was very strong, with our subsidiaries reporting a 219% increase in job requests, a 28% increase in client acquisitions and a 21% increase in completed placements,” Hire Technologies CEO Simon Dealy said. “We are very optimistic about the next steps in the execution of our strategic plan, with continued organic growth and profitability across our subsidiaries and a steady pipeline of acquisitions.”

Hire Technologies had recently announced several acquisitions, including The Headhunters Recruitment Inc. in September and Kavin Talent Management and Taylor Ryan in December. It acquired Pulsify in April.

The company attributed first-quarter growth in its gross margin during the first quarter to its rebalanced portfolio mix.

Share price and market cap

Shares in Hire Technologies were up 2.38% to 43 cents Canadian (36 cents US) as of 12:29 p.m. Eastern time; shares were 138.89% above their 52-week low, according to FT.com. The company had a market cap of C$26.6 million (US$22.1 million).