S.i. Systems buys Toronto-based IT specialist HVN Solutions

21 February 2024 Consulting.ca 2 min. read
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S.i. Systems, a Calgary-headquartered IT staffing firm, has acquired HVN Solutions, a Toronto-based IT staffing and consulting firm.

HVN was formed in October 2022 through the combination of HireValues and Nucleo Digital. The firm has 10 employees listed on LinkedIn and provides IT direct hire and contract resourcing, executive search, and IT consulting project delivery services.

HVN has staffing solutions for engagements ranging from digital innovation and infrastructure engineering to software development and cybersecurity. The firm’s consulting team has expertise across architecture and design, cloud native development, web and mobile, API development, data and AI, and project delivery.

"In combining our strengths, we are accelerating our efforts to become Canada's premier choice for on-demand IT professionals by expanding our talent offerings and advancing our Professional Services and Statement of Work capabilities,” said Leonie Tyler, president of S.i. Systems. “We have long admired HVN Solutions for the pivotal role it has played in the Canadian IT landscape over the years, and are excited to welcome their highly collaborative, results-oriented team to the S.i. Systems family."

S.i. Systems buys Toronto-based IT specialist HVN Solutions

S.i. Systems was founded in 1994 and is Canada’s largest IT staffing agency, with talent solutions across contract staffing, direct hire, contractor payrolling, and IT project solutions for a wide range of sectors and IT specialties.

The company has a network of 300,000 members and 600+ employees listed on Linkedin.

"As HVN Solutions embarks on this exciting journey with S.i. Systems, we're not just combining companies, we're integrating expertise, innovation, passion and, most importantly, shared values where our clients always come first. Together, we intend to deliver unparalleled value to our clients and shape the future of the IT services industry," said Andrew Kieran, co-founder of HVN Solutions.

S.i. Systems was in November 2022 acquired by private equity firms Cornell Capital and Torquest Partners. US-based Cornell Capital has US$6 billion in assets under management and Canada-based Torquest has $5 billion in equity capital under management.

"In a competitive and evolving market, the Company's unique operating culture and specialized market expertise have consistently differentiated S.i. Systems as a go-to partner for clients," said Stephen Trevor, partner at Cornell Capital and Andrew Kolupanowicz, partner at TorQuest. "The addition of HVN Solutions' high-touch talent search and consulting capabilities builds on that long-term commitment to excellence, and we look forward to continuing to support the business and the exceptional team at S.i. Systems as they continue to execute for clients and open new doors for IT professionals."