REDWOOD CITY, Calif. – November 14, 2012 – oDesk®, the world’s largest online workplace, today announced it ranked 73 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
“oDesk is witnessing the rapid growth of online work. As online work disrupts traditional work models, it’s now possible to bring the work to the worker rather than the worker to work,” said oDesk CEO Gary Swart. “Businesses are recognizing the competitive advantage of being able to hire the skilled professionals they need, regardless of where they happen to be, and scaling their teams on-demand. We see this as a massive market opportunity — any work that can be done via the Internet — and predict that by 2020 one in every three people will be hired to work online.”
Since 2009, oDesk has seen the hours worked on its platform increase eight-fold. Today, more than 2.7 million contractors have registered on oDesk and almost 30 million hours have been worked in 2012 to date.
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
oDesk (www.oDesk.com) is the world’s largest online workplace, enabling businesses and contractors to work together without geographic limits.
By using technology to remove the barriers of traditional hiring, oDesk’s platform aligns businesses’ talent needs with contractors’ desire to work when and where they want, on projects of their choosing. More than 495,000 clients and 2.5 million contractors are registered on oDesk.
oDesk is a registered trademark of oDesk Corporation. Other trademarks are the property of their respective owners.
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Shoshana Deutschkron, Director of Communications