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January 5, 2009

oDesk Named "Red Herring 100 Global" Finalist

oDesk Named "Red Herring 100 Global" Finalist

Contact us at press@odesk.com


Menlo Park, CA — January 5, 2009 — oDesk, today announced that it has been selected as a Finalist of the Red Herring 100 Global Award. Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years are eligible for this coveted award. The Red Herring editorial team deploys a detailed process to whittle down a pool of 600 eligible, promising companies to the 200 finalists of this global award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration. The finalists, elite executives and venture capital leaders will celebrate the Top 100 Privately Held Companies from around the world in San Diego from January 14-16, 2009.

"We’re thrilled to be among the finalists and acknowledged for our exceptional momentum and record growth," said Gary Swart, oDesk CEO. "oDesk has nearly tripled in each of the past two years, representing our most substantial growth period to date,"

oDesk (www.oDesk.com) is the marketplace for online workteams, enabling businesses to hire, manage and pay people with a broad range of talents from all over the world including programmers, web developers, administrative assistants, graphic designers, researchers, writers and more. The company’s extraordinary growth rate can be attributed to its business model, which guarantees buyers that every hour billed is an hour worked and guarantees providers that every hour worked is an hour paid.


ABOUT oDESK

oDesk (www.oDesk.com) is the marketplace for online workteams, with the best business model for both buyers and providers. oDesk guarantees buyers that every hour billed is an hour worked and guarantees providers that every hour worked is an hour paid. oDesk's Team platform lets businesses hire, manage and pay remote teams. Hiring managers can search the oDesk network and choose from among thousands of tested, top-rated professionals from more than 100 countries. Using the oDesk web-based collaboration tools, project managers can visually track and verify all work performed, both historically and in real-time. Every day, oDesk helps people all over the world work together as if they were seated in the same office. Founded in 2004, oDesk is located in Menlo Park, California.

ABOUT RED HERRING

Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.


oDesk Contact: Elizabeth Gordon
elizabeth@gordonpr.com
415-595-5538

Red Herring Contact: Anam Alpenia
aalpenia@redherring.com
650-428-2900