DTS Corp.

DTS Corp., an IT services firm based in Tokyo, Japan, is acquiring a 51% stake in Partners Information Technology Inc., an IT staffing and services company based in California, US. Partners operates under the brand name Calance and is led by CEO Amit Govil.

Calance was established in October 2011 as a wholly owned subsidiary of Calance Software Pvt. Ltd. Calance posted net sales of nearly $35 million in 2021. It has a strong IT Staffing and IT Services department comprising staff with highly specialised skills in the field.

DTS America previously had formed an alliance with Calance in 2017, and the companies had been working together to assist customers with ERP and SAP solutions.

DTS will strengthen its US business by advancing its cooperation with Calance. DTS will develop its solutions business, including digital transformation, not only for financial institutions as major customers but also for many other industries. Additionally, DTS will cooperate with Calance Software Pvt. Ltd., the parent company of Calance, to diversify and expand its IT business.

Calance will be a company adopting consolidated accounting in DTS’s fiscal year ending 31 March 2023, but the impact of this consolidation is not significant.

Glints

Glints, a job board based in Singapore, announced it has raised USD 50 million in an oversubscribed Series D. The round was co-led by DCM Ventures, Lavender Hill Capital and returning investor Persol Holdings. This brings Glints’ total raised so far to $80 million.

According to TechCrunch, Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. The latest funding will be used to expand Glints’ talent supply base in the Philippines and employer demand globally, as well as hiring for its product and tech teams. Last year, the group had raised USD 22.5 million in Series C funding led by Persol Holdings.