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oDesk and Elance Announce Merger

Leading talent markets oDesk and Elance have announced that they will merge over the next four months. For the time being the two entities will continue to operate separately and most of the changes will be behind the scenes. The benefits of the merger cited in the press release are:

  • Significant investments in technology
  • Higher quality results for all customers
  • Accelerated growth and scale

I wouldn’t be surprised if in the longer term the two operations merge. Elance provides primarily fixed-price freelancers while oDesk focuses on hourly rates. The merger could provide a one-stop-shop for sourcing both types of work.

You can read more about the merger in the press release and FAQ.

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