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Attributes Its Rapid Growth Rate to Its Unique End-to-End Outsourcing Solution
oDesk, an online marketplace that helps companies hire, manage and pay remote technology workers around the world, has been named a Rising Star on Deloitte's 2007 Technology Fast 500. A special category, the Rising Star list ranks the 20 companies that have been in business a minimum of three years, but less than five years, that showed the highest percentage of revenue growth over the past three years (2004 to 2006). Deloitte's Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
"oDesk has seen astronomical growth over the past three years," said Gary Swart, CEO of oDesk. "We attribute this growth to oDesk’s one-of-a-kind approach to solving a common business problem. Finding good talent is ranked highest among concerns for businesses of all sizes, and the oDesk markteplace and collaboration tools help alleviate this problem for its thousands of customers worldwide."
oDesk is a marketplace of remote software development firms and technology freelancers that offers a unique set of integrated management and collaboration tools to help employers hire, manage and pay remote teams. Using oDesk's collaboration suite, employers track project progress and collaborate with team members as though all were working in the same office. oDesk handles all invoicing and payment, making it easy for small to medium size businesses to access the global talent pool, a luxury once reserved solely for the large corporation. In addition, oDesk gives technology freelancers the freedom to work from and get paid anywhere, anytime.
"Deloitte's Technology Fast 500 Rising Stars honors young companies that have gained early traction in today's highly competitive technology marketplace based on percentage of revenue growth," said Phil Asmundson, Vice Chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We applaud oDesk for being one of only 20 companies to achieve the Rising Star ranking in 2007."
Rising Star Qualifications
To qualify as a Fast 500 Rising Star, entrants must have had 2004 operating revenues of at least $50,000 USD or $75,000 CD, for the United States and Canada, respectively, and 2006 operating revenues of at least $5 million USD or CD.
Entrants must be headquartered in North America, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues, or devote a significant proportion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.
Every day, oDesk helps people all over the world work together, as if they were seated in the same office. Founded in 2004, oDesk (www.oDesk.com) is a global marketplace for programmers and technology freelancers that enables businesses to build and manage remote teams. Hiring managers can search the oDesk network and choose from among thousands of tested, top-rated technology professionals in over 60 countries. Using oDesk web-based collaboration tools, project managers can visually track and verify all work performed, both historically and in real-time. oDesk is venture-backed by Benchmark Capital, Globespan Capital Partners and Sigma Partners.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.