Record $10 Million Spent on Technology Projects Through oDesk's Global Software Development Marketplace

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Thousands of Businesses Use oDesk to Hire, Manage and Pay Remote Workers Around the World

Today oDesk (www.oDesk.com), an online marketplace that allows companies to hire, manage and pay remote technical workers around the world, announced that a record ten million dollars has been spent on technology projects through the company’s global job marketplace. Thousands of companies across the U.S., the U.K., Canada, Saudi Arabia, Australia and other countries have used oDesk to hire from more than 10,000 tested, rated technology professionals from all over the world.

“As advances in technology and communication take place around the world, businesses are growing more comfortable looking outside of their local areas for the best technology talent,” said Gary Swart, CEO of oDesk. “oDesk achieving this milestone demonstrates this increasing level of comfort, and proves that both employers and technology professionals enjoy the opportunities provided by oDesk’s trusted marketplace.”

More than 7,500 jobs have been completed through oDesk, where the most in-demand programming skills are PHP/MySQL, C#/.Net, ASP, Java/J2EE and C/C++/Win32SDK. The most popular countries for providers include India, Russia, the Ukraine, the U.S. and the Philippines. Through oDesk, providers set their own rates for fixed-price or hourly jobs and employers can search for talent based on skills, feedback ratings, work history and pay.

Unique to oDesk are a set of integrated management and collaboration tools that allow employers to track project progress and collaborate with team members as though all were working in the same office. For example the oDesk WorkDiary, which captures screenshots of a provider’s desktop at random intervals, used with oDesk’s source code repository and bug tracking system, removes the barriers many companies face when considering hiring remote talent.

oDesk recently added fixed-price jobs to its online marketplace, where the number of hours billed has grown an average of 14 percent per month since the company’s inception in 2004. oDesk is venture-backed by Benchmark Capital, Globespan Capital Partners and Sigma Partners, and was recently chosen from more than 200 companies as one of the Launchpad 13 at the Web 2.0 Summit.

For more interesting statistics on pay rates and skills per country in the oDesk network, check out the oDesk/O’Reilly Media Global Economy Mashup at http://coati.oreilly.com/odesk/

About oDesk

Everyday, 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 50 countries around the world. 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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