Press Releases

2013

oDesk and Elance Announce Merger

New company will accelerate the online work movement, bringing more opportunity and flexibility to millions of businesses and freelancers worldwide

oDesk Names Brian Levey General Counsel

eBay Inc.’s First Corporate Affairs Attorney to Lead oDesk Legal Function

Key Addition to oDesk Executive Team to Help Scale the Company’s Global Footprint

oDesk Announces Global Study of More Than 2,800 Businesses Indicating Significant Disruption of Traditional Hiring Model as Online Work Soars

oDesk®, the world’s largest and fastest-growing online workplace, today released its Fall 2012 Online Work Survey, conducted by independent research firm Genesis Research Associates. The global study of 2,839 businesses that have hired online captured experiences and predictions regarding hiring and the future of work. Findings reveal a belief that “the majority of contractors will be working online by 2020.” For full survey details, including an infographic, please visit: https://www.odesk.com/info/Fall2012OnlineWorkSurvey/.

oDesk Names Stephane Kasriel Vice President of Product

oDesk®, the world’s largest and fastest-growing online workplace, announced today that Stephane Kasriel has joined the company as the Vice President of Product. Mr. Kasriel comes to oDesk with the goal of accelerating innovation in online work technology, empowering both businesses and contractors to collaborate regardless of geographic limitations. He will lead the direction of oDesk’s technology platform, working to ensure that talented professionals anywhere can find satisfying employment, and that businesses can find, hire, manage and pay workers with the skills they need, helping them grow and prosper.

oDesk Selected by AlwaysOn as a OnDemand Top 100 Winner

oDesk®, the world’s largest and fastest-growing online workplace, today announced that it has been chosen by AlwaysOn as an OnDemand Top 100 winner. A company’s inclusion in the OnDemand 100 signifies leadership amongst its peers, as well as game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. oDesk was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

oDesk Secures $15 Million from T. Rowe Price and Leading Venture Firms

oDesk®, the world’s largest and fastest-growing online workplace, today announced that it has received $15 million in Series D funding. Certain investment strategies managed by T. Rowe Price Associates, Inc. led the round, with participation from Benchmark Capital, Globespan Capital Partners and Sigma Partners.

2011

oDesk Names Thomas Layton Executive Chairman

oDesk Corporation, the world’s largest and fastest-growing online workplace, today announced that Thomas Layton has been appointed as the company’s new Executive Chairman. In this position, Layton will work closely alongside CEO Gary Swart in an active operating role leading the oDesk® online workplace.

oDesk to Provide Online Work Training Through Connect to Compete

oDesk, the world’s largest and fastest-growing online workplace, today announced that it is committing online training resources to Connect to Compete, a non-profit announced last month by FCC Chairman Julius Genachowski, to help educate people in disadvantaged areas in the use of computers and the Internet. The effort to adequately train an online workforce and help individuals find contract jobs helps satisfy the need for seasoned workers, as the market for online work is expected to reach $1 billion in the next year (see separate release for details: oDesk Announces Record Number of Jobs and Contractor Earnings on World’s Largest Online Workplace). Through oDesk’s commitment, thousands of people will benefit from training to work online.

oDesk University Program Trains Next Generation of Online Workers

REDWOOD CITY, Calif.-- November 1, 2011 --oDesk, the world’s largest online workplace, today announced that it has launched the industry’s first international university program, engaging colleges and universities around the world in training the next generation of highly-skilled online workers. Through the new oDesk University Program, which includes University Seminars and an extended Apprentice Program, students will learn the essentials of building a career online--key to success in today’s global economy.

Online Work Encourages Productivity, Fits Modern Market Demands

The recent recession has made it critical for American businesses to maintain high levels of productivity, and--according to oDesk’s monthly Online Employment Report--employers are achieving a competitive edge by leveraging online work. In order to respond to fluctuating demand, companies are using online staff to adapt and scale their workforce in real-time, with limited budgets and resources.