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Hire Technologies Inc. (TSXV: HIRE), a Toronto-based staffing firm, said it is not merging with RSI International Systems Inc. (NEX: RSY.H) after both firms mutually agreed to terminate the plan. The merger was initially announced Feb. 21.

Neither company will pay a termination fee in the canceling of the deal.

RSI sold its only business asset early last year and is seeking to use proceeds from the sale to invest in a new business.

Hire Technologies’ operations include subsidiaries Provision IT Resources Ltd. and PTC Accounting and Finance Inc. Hire Technologies had changed its name in April from Bay Talent Group.

 

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