oDesk: Online Work Market Will Grow To $1 Billion By 2012

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Wednesday, November 9th, 2011
odesk

Online work platform oDesk is reporting today that its contractors earned a record $22.3 million through the oDesk platform in October. This represents 90% growth from 2010. oDesk offers a “marketplace for talent” that makes it easy for companies to hire workers remotely.

Last month, contractors worked a record 2.1 million hours through the oDesk website (up from one million hours per month a year ago) while businesses posted an a record 109,718 jobs to the service. The company expects the overall market for online work to grow to an estimated $1 billion in 2012.

oDesk is also announcing a number of hired at the company. Jeff Jackson has joined as vice president of engineering and was previously senior vice president of engineering at Sun Microsystems. Jaleh Bisharat, a former marketing exec at OpenTable and Amazon, has been named vice president of marketing. And Bank Of America’s former CFO, Bob Frick, has joined the company’s board of directors.


Company: oDesk
Website: odesk.com
Launch Date: 2005
Funding: $44M

oDesk is an online workplace that enables businesses to find, hire, manage, and pay talented independent professionals via the Internet. Businesses can hire these online contract workers for any type of work that can be done in front of a computer — from every tech skill imaginable to project management, customer support, marketing, design and even legal services. Access to a large, global pool of skilled contractors is especially powerful for startups and small businesses with limited resources, businesses...

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