oDesk Selected by AlwaysOn as a OnDemand Top 100 Winner

Recognized for Creating New Opportunities in Cloud Computing and SaaS


MENLO PARK, CA--(Marketwire - April 21, 2010) -  oDesk, the largest and fastest-growing marketplace for online work, today announced that it has been chosen by AlwaysOn as one of the OnDemand Top 100 winners. Inclusion in the OnDemand 100 signifies a combination of leadership, a game-changing approach and technology that is likely to disrupt existing markets and entrenched players. oDesk was specially selected by the AlwaysOn editorial team and worldwide industry experts based on a set of five criteria: innovation, market potential, commercialization, stakeholder value and media buzz.

"As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, analyze, and share this information is becoming extremely challenging," said Tony Perkins, founder and editor of AlwaysOn. "We congratulate this year's OnDemand 100 for providing the technology platforms and services needed to manage and leverage this new era of information complexity and overload."

oDesk allows employers to hire, manage and pay remote workers on an as-needed basis from anywhere in the world. Last month, the company was home to more than $8.7 million worth of online work. Businesses tap into oDesk every day to have on-demand access to more than half a million workers located around the globe.

"Companies are seeing real value in -- and taking advantage of -- access to a flexible and on-demand remote workforce," said Gary Swart, oDesk's CEO. "At the same time, workers are flocking to oDesk's payment guarantee and expansive marketplace of opportunities. Our explosive growth is the result of bringing the two together and creating an online work environment that enables successful ongoing relationships."

Additionally, Swart has been selected to participate in the OnDemand 2010 panel "SaaS Remakes the Enterprise," taking place today, April 21, at 9:15am at Hewlett-Packard's Worldwide Headquarters in Palo Alto, CA. This panel of successful entrepreneurs will help others learn how to conquer their own vertical markets with new, on-demand software and business processes. See more details about OnDemand 2010 at: http://alwayson.goingon.com/page/display/34372.

The OnDemand 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list. oDesk and the OnDemand Top 100 companies were honored at AlwaysOn's OnDemand event on April 19, 2010. This two-and-a-half-day executive event features CEO presentations and high-level debates on how the Internet is disrupting how companies of all sizes create, store, distribute, analyze, and apply their mission-critical data.

A full list of all the OnDemand Top 100 winners can be found on the AlwaysOn website at: http://alwayson.goingon.com/permalink/post/34759.

About oDesk Corporation

oDesk (www.oDesk.com) is the leading marketplace for online workteams with the best model for both buyers and providers:

For buyers: Guaranteed work -- every hour billed is an hour worked. Screen captures of each provider's desktop taken at random intervals enable buyers to audit the hours and work completed so they have confidence every hour billed by a remote team member is an hour worked. This capability also enables the buyer to collaborate more closely and re-direct the provider if necessary, much like you do when you manage by walking around your office.

For providers: Guaranteed payment -- every hour worked is an hour paid, without the hassle of invoicing or slow-paying clients, making oDesk the preferred marketplace for 530,000+ professional contractors including software engineers, web developers, graphic designers, writers, researchers, administrators, and customer service agents.

Find oDesk on Facebook at: http://www.facebook.com/odesk
Find oDesk on Twitter at: www.twitter.com/odesk

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

Contact Information:

Contact:
Erica Fenik
oDesk Corp.

650-853-4152