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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Elance And ODesk Announce Merger Plans 0 comments
    Dec 27, 2013 9:00 PM

    Originally published at

    Elance and oDesk, the two largest freelance labor markets on the internet, have announced plans to merge. Once completed, the two companies will still operate as separate companies with separate websites, but intend to realize synergies between the two to better leverage its resources. Elance, founded about 15 years ago, has raised $94.8M while oDesk has raised $46.7M in its nine-year existence. Elance CEO Fabio Rosati will assume the role of CEO for the combined company while oDesk CEO Gary Swart will take on the job of strategic advisor. The freelancing industry continues to grow and thrive not only in the United States, which is seeing high unemployment levels, but also worldwide. The worldwide staffing market is expected to top $422B by the end of 2013.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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