CrowdWorks Inc. (3900:TYO), a Tokyo-based firm that provides crowdsourcing services, a platform for 'side hustles' and IT staffing, announced the acquisition of Yu-Cre, a Japanese firm involved in permanent staffing and human resources.

The acquisition amount is undisclosed. The effective date of the transaction is 2 October 2023.

Since its establishment in 1984, Yu-Cre has been engaged in the permanent staffing business, and has more than 30,000 of professional designers/creators, more than 20,000 orders so far, and done business with more than 5,000 companies.

Based in Tokyo, the company also provides recruitment support for creators, outsourcing, human resource education support, and is also involved in e-sports.

In a statement, CrowdWorks said, “By welcoming Yu-Cre as a group company, we will have the human resource assets to meet the needs for permanent staffing in the engineer/designer field, which accounts for approximately 50% of our company-wide GMV (gross market value), and we will be able to secure more comprehensive human resource proposal opportunities. In addition, we will accelerate the growth of our matching business by increasing the total number of matching clients and workers by sending them to each other.”

The inclusion of Yu-Cre as a consolidated subsidiary in the group’s consolidated results will start in the first quarter of the fiscal year ending 30 September 2024.

Last month, CrowdWorks reported net sales rose 24.6% during the first nine months of its fiscal year.