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oDesk Named Rising Star in Deloitte’s Technology Fast 500 Program

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Attributes
Its Rapid Growth Rate to Its Unique End-to-End
Outsourcing Solution

oDesk, an online
marketplace that helps companies hire, manage and pay remote technology
workers around the world, has been named a Rising Star on
Deloitte’s 2007 Technology Fast 500. A special
category, the Rising Star list ranks the 20 companies that have been in
business a minimum of three years, but less than five years, that
showed the highest percentage of revenue growth over the past three
years (2004 to 2006). Deloitte’s Technology Fast
500 is a ranking of the 500 fastest growing technology, media,
telecommunications and life sciences companies in North America.

“oDesk has seen astronomical growth over the past
three years,” said Gary Swart, CEO of oDesk. “We
attribute this growth to oDesk’s one-of-a-kind approach to
solving a common business problem. Finding good talent is ranked
highest among concerns for businesses of all sizes, and the oDesk
markteplace and collaboration tools help alleviate this problem for its
thousands of customers worldwide.”

oDesk is a marketplace of remote software development firms
and technology freelancers that offers a unique set of integrated
management and collaboration tools to help employers hire, manage and
pay remote teams. Using oDesk’s collaboration suite, employers track
project progress and collaborate with team members as though all were
working in the same office. oDesk handles all invoicing and
payment, making it easy for small to medium size businesses to access
the global talent pool, a luxury once reserved solely for the large
corporation. In addition, oDesk gives technology freelancers
the freedom to work from and get paid anywhere, anytime.

“Deloitte’s Technology Fast 500 Rising Stars honors
young companies that have gained early traction in today’s
highly competitive technology marketplace based on percentage of
revenue growth,” said Phil Asmundson, Vice Chairman, U.S.
Technology, Media and Telecommunications, Deloitte & Touche USA
LLP. “We applaud oDesk for being one of only 20 companies to
achieve the Rising Star ranking in 2007.”

Rising Star Qualifications

To qualify as a Fast 500 Rising Star, entrants must have had
2004 operating revenues of at least $50,000 USD or $75,000 CD, for the
United States and Canada, respectively, and 2006 operating revenues of
at least $5 million USD or CD.

Entrants must be headquartered in North America, and own
proprietary technology or proprietary intellectual property that
contributes to a significant portion of the company’s operating
revenues, or devote a significant proportion of revenues to the
research and development of technology. Using other
companies’ technology or intellectual property in a unique
way does not qualify.

About oDesk

Every day, oDesk helps people all over the world work
together, as if they were seated in the same office. Founded in 2004,
oDesk (www.oDesk.com)
is a global marketplace for programmers and
technology freelancers that enables businesses to build and manage
remote teams. Hiring managers can search the oDesk network and choose
from among thousands of tested, top-rated technology professionals in
over 60 countries. Using oDesk web-based collaboration tools, project
managers can visually track and verify all work performed, both
historically and in real-time. oDesk is venture-backed by Benchmark
Capital, Globespan Capital Partners and Sigma Partners.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a
Swiss Verein, its member firms and their respective subsidiaries and
affiliates. As a Swiss Verein (association), neither Deloitte
Touche Tohmatsu nor any of its member firms has any liability for each
other’s acts or omissions. Each of the member firms is a
separate and independent legal entity operating under the names
“Deloitte”, “Deloitte &
Touche”, “Deloitte Touche Tohmatsu” or
other related names. Services are provided by the member firms or their
subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu
Verein.

Deloitte & Touche USA LLP is the US member firm of
Deloitte Touche Tohmatsu. In the US, services are provided by
the subsidiaries of Deloitte & Touche USA LLP (Deloitte
& Touche LLP, Deloitte Consulting LLP, Deloitte Financial
Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and
not by Deloitte & Touche USA LLP.

Press Contact:

press@odesk.com