We’re excited! Today we announced that we’ve signed an agreement to merge with Elance.

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Active Member
3 Posts
Member Since: ‎09-30-2005

We’re excited! Today we announced that we’ve signed an agreement to merge with Elance.

[ Edited ]

We’re excited! Today we’re announcing that we’ve signed an agreement to merge with Elance. First things first: we’ll continue to serve you on odesk.com, and Elance customers will continue to work on elance.com. In other words, oDesk and Elance will operate separately and as usual, even after the merger is complete. Why, then, are we putting the two companies together? The answer is pretty simple: we think we can do a better job this way. We are both inspired by a similar vision: to deliver online work experiences that create freedom and boundless opportunity for clients and freelancers everywhere.

 

The merger has not yet closed, but here are the kinds of things you can look forward to:

  • Significant technology investments. This includes tools for more successful hiring, seamless online collaboration, better mobile support and freelancer skills development.
  • Higher quality results. With our combined expertise in engineering and data science, you will enjoy a host of quality improvements, such as superior job and freelancer recommendations over time.

 

Participation in how we evolve.

Please join us in crafting the future together. Email me personally at garyeswart@odesk.com. Tell me your likes, dislikes, suggestions and comments about oDesk -- and about Elance if you’ve tried it too. We’ll reflect feedback in future innovations and share back what you’ve taught us in an upcoming forum post. I also have a personal announcement. I’ve decided that after the merger closes I will step aside and hand the reins of the merged company to Fabio Rosati, Elance’s CEO. I will remain involved as a strategic advisor. We have been spirited business rivals over the years, but I have always respected Fabio. I could not possibly imagine a more dedicated and capable CEO to oversee the merged company. oDesk executive chairman Thomas Layton will also be a leader of the new combined company, continuing his same role. We’ve prepared a Q&A in case you have more questions. Please note that the closing of the merger, expected to occur in Q1 2014, is subject to the satisfaction of certain closing conditions (including regulatory review and approval). In the meantime, I am so proud of what this community has accomplished and excited to reach new heights by teaming with Elance. You have my promise that we will work harder than ever to make sure that YOU, our customers truly love the way you work!

 

Gary Swart oDesk CEO

 

Q&A

Why did oDesk and Elance decide to merge? Both companies are leading innovators driving the adoption of online work. Combined, we will have the resources to invest in products and services that better meet our customers' needs. For example, specific expected benefits of the merger include: - Significant investments in technology, including tools for more effective online hiring, seamless virtual collaboration, improved mobile accessibility and job skills development. - Higher quality results. Combining our engineering and data science expertise will deliver quality improvements including better-matched freelancers for clients and superior job recommendations for freelancers. - Accelerated growth and scale. The overall global demand for staffing is enormous and is transitioning online. Combined, the companies will be able to help accelerate this transition.

 

What is the vision for the new combined company?

Just as Amazon reinvented retail, and Apple iTunes transformed the music industry, together oDesk and Elance will revolutionize the way we work. This merger will create unprecedented freedom for people to find job opportunities regardless of their location, and will allow businesses of all sizes to more easily access the best available talent.

 

What does this mean for current clients and freelancers on oDesk and Elance? Both odesk.com and elance.com will for now continue to operate as separate, independent services. Your accounts and profile records will not be impacted. For freelancers, your profile and work history and other aspects of your online reputation will not be affected. For clients, you will still be able to hire, manage and pay exactly as you have in the past. After the merger closes, expect accelerated product and quality innovations that help both oDesk and Elance serve you better.

 

How are you evolving the two platforms so they become more differentiated? We are inviting feedback from customers on both odesk.com and elance.com, and will be actively incorporating this feedback into differentiating innovations on the platforms moving forward.

 

Will there be more competition for good jobs among freelancers as a result of this merger?

As both odesk.com and elance.com will continue to operate as separate, distinct online work marketplaces for now, we don't anticipate any changes in freelancer competition due to the merger. We will also continue to invest to attract more businesses to hire online and increase the number of jobs available for freelancers.

 

How much work is happening on oDesk and Elance?

Freelancers will earn about $750 million on the two sites in 2013.

 

How does this company fit into the overall market for hiring and staffing?

Global staffing is a $422 billion market (according to Staffing Industry Analysts) that we believe is ripe for reinvention. Online work, any type of work that can be done via the Internet, is an emerging sector within it that SIA predicts will reach $5 billion by 2018.

 

Who will lead the new company?

oDesk executive chairman Thomas Layton will continue in the same role at the combined company, and Elance CEO Fabio Rosati will serve as chief executive officer.

 

What will the new combined company be called?

As the merger is not yet complete, it’s too early to say. The name will be announced after the deal closes.

 

Will any of the features I’m used to go away?

We update our platforms on a regular basis and will continue to do so, but clients will still be able to hire, manage and pay as they have in the past, and freelancers’ profile, work history, etc. will not be affected. Login information will remain the same.

 

Will there be any change in fees or membership structures?

None are planned.

 

What’s the timeline for concluding the deal?

The closing of the merger is subject to regulatory approval and other closing conditions, and is expected to occur in the next four months.

Power Member
6 Posts
Member Since: ‎09-12-2007

Not Happy

[ Edited ]
I hate how Elance charges freelancers to work, so this announcement fills me with dread at the thought of that "innovation" possibly coming to oDesk. One of the reasons I use oDesk is because it's NOT Elance, and the combination of the merger and Elance's CEO taking over cannot be considered good news from where I sit. Dave
Community Guru
183 Posts
Member Since: ‎02-20-2009

Elance is a way better

[ Edited ]
Elance is a way better marketplace than oDesk - FACT! Better higher paying jobs. Everything just works on elance compared to heaps of bugs in oDesk. Contractor search results on elance are relevant, on oDesk they are not. Elance uses levels to rank contractors, not some half baked algorithm that oDesk uses. A small $10 fee to pay for premium features is a great idea and I am happy to pay it. In fact it gives me a greater insight into how to win more jobs. Go across to the Elance forums you will see that a lot of the elance veterans do not like oDesk and are just as unhappy as you are about it. oDesk has a bad reputation for slave wages and scamming clients. All my experiences on Elance have been great.
Power Member
6 Posts
Member Since: ‎09-12-2007

My experiences on Elance have been quite the opposite.

[ Edited ]
You may prefer it. I do not.
Active Member
4 Posts
Member Since: ‎11-14-2013

Elance is too complicated

[ Edited ]
I also prefer oDesk although it is a true fact that oDesk has not good reputation regarding freelancer specially.But thumbs Up for oDesk they have to improve it rather then Marge with elance!!!
Active Member
1 Posts
Member Since: ‎01-15-2012

I've worked on both and

[ Edited ]
I've worked on both and prefer oDesk much more than Elance. I've done almost 100 jobs here and have only had a problem with 1 client. People complain about the low wages, but I would have to disagree. Yes, there are some low paying jobs, which you are free to pass on, but I've gotten a lot of good paying jobs too. I currently work on a pretty regular basis on oDesk, pretty much everyday. Hopefully this merge wont change that.
Power Member
24 Posts
Member Since: ‎04-23-2010

Hi Scott, thank you for your

[ Edited ]
Hi Scott, thank you for your thoughtful feedback. I'm happy to hear you've had a good experience on oDesk thus far, and we expect that to continue! Our plan is for odesk.com and elance.com to continue to operate as separate, independent services. Plus, after the merger closes, we expect to deliver even more product and quality innovations to provide you an even better experience.
Active Member
1 Posts
Member Since: ‎08-14-2013

Working on both

[ Edited ]
[quote=Scott Spaulding]I've worked on both and prefer oDesk much more than Elance. I've done almost 100 jobs here and have only had a problem with 1 client. People complain about the low wages, but I would have to disagree. Yes, there are some low paying jobs, which you are free to pass on, but I've gotten a lot of good paying jobs too. I currently work on a pretty regular basis on oDesk, pretty much everyday. Hopefully this merge wont change that.[/quote] I totally agree with you. I have been working on both companies and am pretty happy about it. As a freelancer, I get to choose whether to apply for and accept jobs based on the pay. And most of what I got were considerably fair prices (some may seem too low but the task is not too complicated so I think it's still fair). There are times that I do compare and take preference over some of the services of the two companies but in general, both are good. I do hope this merger will turn out to be something really great,both for freelancers and clients.
Active Member
1 Posts
Member Since: ‎04-09-2013

Who is the best : oDesk or Elance ???

[ Edited ]
Me also, I prefer Odesk, much more than Elance.
Active Member
1 Posts
Member Since: ‎10-30-2010

oDesk to Merge with Elance

[ Edited ]
Me also, I prefer Odesk, much more than Elance. I don't like premium fee charged by Elance.