Holy economy of scale and resources!
Pending regulatory approval, Elance and oDesk will soon be the second largest online freelance company, boasting a community of 8 million freelancers. The merger is expected to occur in about four months, according to report by VentureBeat.
The combined billing of the two firms for 2013 is expected to come in at around $750 million. It also was reported that the companies will continue to operate as two separate brands while sharing resources and assets.
It is not known whether new nomenclature will be forthcoming.
….The primary Elance-oDesk competitor is Freelancer.com, which has nearly 10 million users, though the two companies also contend with design marketplace 99Designs and mini-task site Fiverr, among others.