Elance's Global Platform for Flexible Employment Surpasses $300 Million in Earnings

Innovative Entrepreneurs, Hiring Managers and Talented Professionals Embrace Online Work

San Francisco, California, UNITED STATES

MOUNTAIN VIEW, CA--(Marketwire - September 20, 2010) - Elance announced its community of professionals has delivered over $300 million of services on its global platform.

"We are grateful for all the hard work that has gone in to reaching this significant milestone," said Fabio Rosati, CEO of Elance. "The amount of work delivered online by the Elance community has had a transformative impact on how businesses get built and how work gets done. The flexibility of online work appeals to agile companies and to an increasing number of professionals around the world." 

The company busy at work when Elance hit the $300 million mark was Dallas-based ad agency Lancaster Advertising & Marketing. They were in the process of paying a graphic designer in Buenos Aires for completing a web page design. This project represented Lancaster's 373rd job completed on Elance.

"Elance has changed my business for sure," said Ken Lancaster, creative director of Lancaster Advertising & Marketing. "I used to have 15 employees and two buildings to house them. Today, we are completely virtual and my 'staff' are all on Elance."

By the Numbers

  • Over 346,500 different jobs have been posted on Elance in the last 12 months

  • Provider earnings on a monthly basis have jumped over 52% since mid 2009, with over 140 countries in the world earning income online today

  • Over 160,000 skilled developers, marketers, creative professionals and other specialized experts worldwide are opting for the cloud commute and delivering quality results in virtual workrooms

  • Over 110,000 employers are hiring and managing online teams to get work done and grow their businesses

  • The Elance Employer Survey revealed that the shift to online hiring is seen as enhancing competitiveness and profitability for 87% of small businesses

  • According to the Freelance Talent Report published by Elance earlier this month, 70% of freelancers were happier working as independent professionals than as employees. Given the choice, 63% preferred to freelance versus being a full-time employee

About Elance
Elance, the world's leading platform for flexible employment, helps businesses hire and manage online instead of onsite.

For businesses looking to staff-up a team on an hourly or project basis, Elance offers instant access to qualified professionals who work online. Elance provides the tools to hire, view work as it progresses, and pay for results. Elance is faster and more cost-effective than job boards, staffing firms and traditional outsourcing.

For skilled professionals who want to work online, Elance offers access to qualified clients, a virtual workplace and guaranteed pay for great work. Elancers have already delivered on projects worth more than $300 million.

The company is privately held and headquartered in Mountain View, California. For more information, visit Elance at http://www.elance.com.

Elance and the Elance logo are trademarks or registered trademarks of Elance, Inc. in the United States and other countries.

Contact Information:

Media Contact:
Carolyn Adams
Phone: (415) 963-4174 ext. 4
Email: Carolyn(at)bordersgratehouse.com