Cornell Capital and TorQuest Partners, both private equity firms, have bought Si Systems, a Canadian-based information technology staffing company, from Quad-C Management.

Headquartered in Calgary, with offices in Edmonton, Vancouver, Toronto, Mississauga, Montreal and Ottawa, Si Systems uses its MatchGuide technology to offer access to IT talent to support their customers’ business initiatives.

“During our investment period, the company delivered double-digit organic growth, opened U.S. greenfield offices in Chicago and Houston, launched a new enterprise sales division and made significant investments in its MatchGuide technology platform,” comments Tim Billings, partner at Quad-C. “We are impressed by what the team was able to accomplish and are proud to have played a role in their success.”

Baird served as financial advisor to Quad-C and S. Systems in connection with the transaction.