Hire Technologies has officially ended its acquisition of The Headhunters Recruitment Inc. and transferred the operation back to its original owners. This decision enables Hire to reduce significant liabilities and ultimately strengthen its financial position. Despite the divestment, the parties have agreed that the former owners release their noncompete agreements and continue to employ all existing employees. The company will also recognize a gain on the sale and estimates a reduction in current liabilities of C$4.7 million (US$3.4 million).