- Si Systems is Canada’s largest IT staffing company
- XiBOSS provides full-service IT staffing support to business enterprises
- The combination of the two companies will create larger centers of excellence for financial and tech clients
Si Systems, backed by Quad-C Management, has announced the closing of its acquisition of xiBOSS Corp, a Toronto-based information technology staffing company. No financial terms were disclosed.
XiBOSS provides full-service IT staffing support to business enterprises, from small to multinational, including businesses within Canada’s technology startup community. The majority of its operations are in Ontario and the company has appeared regularly on the annual Branham300 list of Canada’s top ICT companies.
Based in Calgary, Si Systems is Canada’s largest information technology staffing company.
“We have been aware of the quality of IT services provided by xiBOSS for quite some time, and although we both provide IT professionals on demand, we each had unique customer sets,” said Derek Bullen, founder and CEO of Si Systems. “Combining our teams, we created larger centers of excellence for financial and tech clients, and new centers of excellence in London, Guelph and Waterloo.”
“Joining forces will leverage our respective talents and market insights to deliver even faster, superior staffing solutions. Our reputation for operating with integrity and being easy to work with will be further burnished by this unification of the capabilities of our two firms.” said Glenn Pociluyko, president of xiBOSS. “I’m thrilled that this next chapter will allow the combined teams to face the new landscape of unprecedented demand for digital transformation professionals, and increasingly remote workforces, and to do so with the power and scale they need to really wow our market.”
Quad-C, a Charlottesville, Virginia-based private equity firm, invested in Si Systems in 2018, PE Hub reported.
Founded in 1989, Quad-C has invested more than $4 billion in over 80 platform companies. It targets opportunities in the business and consumer services, food and beverage and consumer products, healthcare, industrials, specialty distribution, and transportation and logistics sectors.