Freelancer.com snaps up US-based competitor
Global outsourcing company Freelancer.com has acquired its US-based competitor vWorker.
Both run outsourcing marketplace websites, where users can outsource jobs that they want to get done through the online portals. This comes four months after Freelancer bought Canada-based outsourcing marketplace Scriptlance in July.
Originally focused on outsourcing IT jobs, vWorker is headquartered in Tampa, Florida, and claims to have over 2.5 million enterprises and professional users worldwide. According to Freelancer, vWorker has successfully facilitated 1.3 million projects, with a total value of US$139 million.
Freelancer, which claims to have over 4.4 million users, also said that its newly acquired company is the world's fourth-largest outsourcing marketplace by volume.
"[The acquisition] undisputedly affirms Freelancer.com as the largest marketplace globally, with 6.6 million users; greater than the combined user population of its two nearest competitors," Freelancer said in a statement.
The company did not disclose the value of the acquisition.
Freelancer was founded in 2009 by Matt Barrie.