The popular online marketplace Odesk and Elance merge Announcement Gave. The CEOs of both the companies announced the merging on Thursday, December 19. It is unknown at this time what he will do after leaving the post. However, an official announcement will be made after the completion of the deal. Odesk CEO Gary Swart said it could take up to four months.No information was available on the amount of financial transactions between the two freelancing sites.
Odesk and Elance will merge into a new separate company. Since the deal will take some time to complete, the websites of both the marketplaces will continue to operate as independently as before. Until then, their activities and policies will remain unchanged. Their single platform will unveil after the new company launches.
Currently Odesk There are 5 million registered freelancers. On the other hand Of Elance There are 3 million users.
The purpose of this new merger is to invest in newer and more sophisticated technologies, make the most of customer data through successful analysis and, above all, revolutionize the freelancing world.
News of the deal between Elance and Odesk, meanwhile, drew mixed reactions from freelancers. Some are calling it a potential ‘job loss’. Again, many are expecting new benefits. Even some freelancers have expressed the mentality of not bothering about this.
What is your reaction to the news of the merger of Odesk and Elance?
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