Japan-based Monstarlab Holdings Inc., a digital consultancy and IT services firm, announced the acquisition of ExecutiveSearch.AI (ESAI). ESAI is a specialist recruiting firm for the tech industry. That leverages an in-house developed direct recruitment system. This system reaches out to individuals in the tech industry directly without going through a third-party recruitment platform. ESAI technically integrates and seamlessly coordinates most of its internal business processes.

Monstarlab's primary business is the digital consulting business. The group also provides digital transformation support services tailored to the needs of its clients, including large corporations and local governments who face business challenges and new businesses.

By getting ESAI on board as a subsidiary, Monstarlab expects a higher quality and quantity of personnel for its digital consulting business.

"On top of this, we expect strategic synergy that includes reducing agent fees paid to third parties when attracting talent and offering HR consulting and recruitment support services that leverage ESAI's data," the company stated. "ESAI's strength in recruiting overseas candidates is another expectation. We expect that ESAI will contribute to realising our mission with its diversity. Integrating ESAI's ability to attract skilled professionals into our group operations will greatly contribute to building a foundation for medium- to long-term growth of the digital consulting business in Japan."

Monstarlab added, "We welcome ESAI to our Group, whereby we will build a stronger foundation for business growth in future, and are committed to realising our mission, 'empower talent everywhere to engineer awesome products, services and ecosystems; building a brighter world for us all'."

The total price of the transaction, including stocks and fees, is JPY 425 million (USD 2.87 million).