Online hiring marketplaces oDesk and Elance announce merger
Partnership to see platforms rolled-out to “millions” of freelancers and businesses worldwide
Competitor online workplaces Elance and oDesk have announced a merger to “accelerate” the online work movement and offer freelancers and business more freedom and hiring opportunities.
When merged, the company will remain as two separate, complementary platforms and the agreement is expected to support the freelance community with increased investment into tools for hiring and online collaboration, and will see the businesses combine their data expertise to drive better quality results.
The two California-based platforms’ combined network includes eight million freelancers and two million businesses in 180 countries, and it is intended that its merger will open up the online hiring marketplace to “millions” more users.
Currently undergoing regulatory approval, the merger is expected to occur in the next four months and the name of the new company post-merger will be announced once the deal is closed.
oDesk CEO, Gary Swart, commented: “This merger is a landmark in the evolution of work,
“With 2.7 billion people now connected online […] [and] online work growing at least ten times more rapidly than staffing overall, oDesk is thrilled to join with Elance in order to innovate faster.”
Elance CEO, Fabio Rosati, discussed the strategic benefits of the merger: “Just as Amazon reinvented retail, and Apple iTunes transformed the music industry, we will greatly improve how businesses hire and people work online.
“This merger will create unprecedented access and flexibility for people to find job opportunities regardless of their location, and will allow businesses of all sizes to more easily access the best available talent.”