Fri, 16/01/15 – 4:00 | One Comment

Bitcoin’s value continued to fall over the weekend, declining to as low as $265 apiece on Sunday, with other major cryptocurrencies following suit, according to the International Business Times.

Read the full story »

the latest news and trends emerging in the Freelance space


up the minute reporting of all recent money raises, mergers & acquisitions

social commerce

social commerce is buying and selling stuff online with friends helping



find cool sites reviewed daily and whether or not your should visit them

Home » freelance

Elance, oDesk merge

Submitted by Craig Agranoff on Monday, 23 December 2013 One Comment

The two largest freelance job finder sites have merged. Elance took in oDesk in a deal worth an undisclosed amount of money, but which will see the Elance CEO Fabio Rosati take the helm of both companies as oDesk CEO Gary Swart moves into a strategic advisory position. The companies will largely remain separate in visible operations, having what they describe as “separate but synergistic” missions.

The two will share technology and data centers, along with other cost-saving combinations, but will continue to operate as separate freelancer sites with different approaches to connecting providers with jobs.

The two combined will mean about two million businesses hiring from a pool of about eight million freelancers, making it by far the largest company of its kind.

Both companies are still private entities, though oDesk has hinted at going public in the past. So why merge? Swart noted that the two competitors have been on panels and met at industry events for years. They are just a few exits off Highway 101 from each other, in California. “The more we got together over the past couple years the more we realized that, though competitors, these are decent people,” Swart said. “We’re on the same mission. We’ve made $2 billion combined to date of a $422 billion global staffing opportunity.”

The merger means that the two companies can not only pool resources easily, but also have a stronger portfolio for going IPO. Where oDesk has raised about $44 million in venture investment, Elance has had nearly $90 million and both are said to be on solid financial footing.

It will be interesting to see how this affects the freelance community who use the sites. Especially over time as the two sites become more and more intertwined, as will inevitably happen.

Related Posts

  • Schight1982

    Several days later, they were still debating whether to sell their position in VMS.Ratliff*Stock up on costume jewelry: Nike Air Max 2014 One of my favorite finds at thrifts shops is costume jewelry.Your Talisman brings you good fortune, often money or goods.Many of these questions will spark some interesting stories from the party guests and prompt conversations among them.air jordan 2012 rent userexperience and reviews of Authentic Air Retro Jordan, Cheap Retro .It sets a strong foundation during the early many years in core subjects for instance reading and math, and continues to challenge students all the way through higher college.

    The combined company will own 31 primary care medical practices, utilize a network of more than 250 contracted, independent, primary care practices, and will operate in 18 Florida counties, including the Daytona, Miami, Ft.-Do shoes shopping at the end of the day because feet swell to their largest at that time.It’s as well simple to completely harm your own chef’s knife.If we look at the Bordeaux 500 sub-indices over a five year period the pattern is striking.If you walk barefoot through these areas, you could acquire plantar warts.Nike is focused on driving growth from its key brands NIKE, Jordan, Converse and Hurley.

    At that point the ileocecal valve opens up to allow the content to enter the large intestine, or the garbage portion of your bowel.However, Shallenberger thought taking that approach interesting, but felt it absolutely was just Knight’s marketing strategies for the project, a thing that will not remove as the business jackpot.Regarding accept absolutely dependable itself tough, appropriate and actual able of administration the requirements of harder accomplished sportsmen.This shouldn’t exceed the max pressure listed on the tire’s sidewall.The $1500-to-$2,000-Per-Kid-Per-Year Tax Benefit: Hiring Junior

    the most effective way to leverage your time and revenue is to coach or control others to help them succeed.With or without the bib, a good restaurant will supply its diners with a tiny seafood fork, knife, pliers, nutcracker or hammer, and a pile of paper napkins.Popular shoe brands are available at factory brand shoes.Salmon.We have the best record in the NBA right now.A large number of precious gems and pearls were also used to beautify their look.Apple (AAPL) was clobbered by analysts during its previous earnings because of weakness in Chinese orders; its cheaper iPhone may be a solution to that problem.

    Alternatively, invest in one of those Satellite-Receiver-Based iPod/iPhone holster “kits”, which fills the gap nicely (but cost $75-150+).now on it is next variation, the 7.Overall, Orbital is an indoor soccer halting.NKE is currently trading above its 50-day MA of $52.Many bodies do not accede jeans to be a allotment of chic accidental attire, but if the brace Nike AIR MAX 90 For Sale of jeans looks simple yet elegant, it can be you have any possible reasons to why (“System Idle Process” is taking up 70% of one core.An Affordable TrendcContrast of scaleEveryone wants something for nothing.The four spikes and game shoes adopt nylon soles and replaceable spike.

    Related Articles: