LONDON, ENGLAND, November 24, 2010 (Press-News.org) Founded in 2003, oDesk rapidly secured its position as one of the market leaders. Total billings since launch have exceeded $196m. In the third quarter of 2010 the company reported more than 1m hours worked by its global freelance workforce in a single month (August 2010).
These findings and more were reported today (22nd November 2010) in the Freelance Marketplace Review, published by WhichLance.com, the outsourcing marketplace comparison site.
The report found that oDesk had secured almost 40% share of all spend across the top ten online outsourcing sites during the third quarter of 2010.
"Online work has been embraced across a wide swath of industries and on a global scale. The future of work truly lies in employers and contractors forging long-term, successful working relationships," said oDesk CEO Gary Swart. "oDesk's leadership in the market is the result of bringing the two parties together and creating an online work environment that enables them to build trust, collaborate and succeed - together."
The Freelance Market Review also found that Elance, one of the pioneers of online outsourcing, reported billings of $24.6m USD, up 6.1% on the second quarter of 2010.
Combined billings on oDesk and Elance now account for 70% of all expenditure on the top ten marketplaces, up from 69% of the total in Q2.
LimeExchange, a relatively small US based marketplace that launched in 2007, reported a 56% increase in billings, up $250,000 to $0.7m, from $0.45m in Q2.
UK based marketplace PeoplePerHour posted the biggest percentage increase in billings, from $3.3m in Q2 to $5.9m in Q3, an increase of 79% in three months.
WhichLance.com is the outsourcing, offshoring and freelancing comparison site. The first and only place to compare the features, services and viability of leading freelance marketplaces side by side. For further information please visit http://whichlance.com.
oDesk Leads Online Outsourcing in Q3 with 40% Market Share
oDesk, the outsourcing website, was the leading freelance marketplace by billings in the third quarter of 2010. Billings of $31.15m represent an increase of $4.45m (16.7%) over the second quarter of 2010, demonstrating strong growth in the sector.
2010-11-24
ELSE PRESS RELEASES FROM THIS DATE:
CMC Markets Launch Next Generation Charting on Spread Betting Platform
2010-11-24
CMC Markets have launched their new charting package which is available to all demo and live users of their next generation spread betting platform. The new, powerful proprietary charting and drawing tool package has been designed to give traders access to advanced tools and powerful functionality, yet remain simple and intuitive to use.
Executive Chairman of CMC Markets, Peter Cruddas, commented:
"We understand that professional real-time charts are extremely important to our clients and we think that the new spread betting charts package is so powerful that traders ...
MBNA Ireland Platinum Card Outshines Competition
2010-11-24
The MBNA Ireland Platinum credit card introduced earlier this year continues to provide a market leading deal to Irish card-holders despite financial uncertainty. The Platinum card comes with 10 months interest free borrowing on balance and money transfers followed by a well below average 14.9% rate (variable). Considering the rarity of 0% deals in the current market and the interest rate average of 18.6%, the offer made by the MBNA card is a seriously big deal.
Speaking about the Platinum card, a Bank of America representative, of which MBNA is a subsidiary, said: "The ...
Barefoot Running Book Saves Soles
2010-11-24
From the best-selling Complete Idiot's Guide series comes a new title teaching runners how to run more naturally by running barefoot. Co-authored by barefoot running pioneer Dr. Craig Richards and running coach Thomas Hollowell, The Complete Idiot's Guide to Barefoot Running reveals the stages to successfully transition to barefoot and minimal footwear running.
"This barefoot running book does much more than tell runners they should run without shoes," says Thomas Hollowell. "Dr. Richards and I go to great lengths to outline where running shoes went wrong, why barefoot ...
toyportfolio.com Launches New Free Mobile App for Toy Shoppers
2010-11-24
The independent consumer organization, toyportfolio.com, announces the launch of their free mobile app.
"Toy shopping just got a lot simpler with our easy-to-use mobile app," notes co-founder Stephanie Oppenheim. "Shoppers can take us along to the toy store or shop online. If you're shopping for kids, this takes the guesswork out of finding expert and kid-tested toys that will surely be a hit. Everyone wants to deliver that wow-wee gift and shoppers have been using us as their secret resource for years. The app now makes it that much easier to access our reviews and ...
Cruise.com Announces First-Ever Black Friday Cruise Sale
2010-11-24
Cruise.com, one of the Internet's largest cruise sellers, jumped into the "Black Friday" promotions with its first-ever Black Friday Cruise Sale. The sale is scheduled to begin at 8AM on Friday, November 26th. Cruise.com is offering exclusive opportunities on many cruise lines to destinations worldwide.
Be among the first 35 callers and receive a 7-night Caribbean cruise for just $249. Other exclusive offers include dollars off, free air, on-board credits, 2 for 1 cruises and more. "These are by far the best deals of the year! If you are planning a cruise, this is the ...
New Excel Add-In From Optimalon Software Automates Length-Cutting Optimization
2010-11-24
Working out how to make the best possible use of material stocks and minimize waste has always been a time-consuming, everyday problem for industrial companies, professional contractors and hobbyists who need to cut parts according to a project's specification. Now, Optimalon Software's new and innovative 1DCutX add-in for Microsoft Excel makes it easy to optimize the cutting of linear material (such as bars, beams and pipes).
Traditionally, the most obvious and widely-used cutting procedure is known as the "greedy" cutting approach and involves cutting the biggest parts ...
Daily hemodialysis helps protect kidney patients' hearts
2010-11-23
Frequent hemodialysis improved left ventricular mass (heart size) and self-reported physical health compared to conventional hemodialysis for kidney failure, according to the Frequent Hemodialysis Network (FHN) Daily Trial funded by the National Institutes of Health and the Centers for Medicare & Medicaid Services. Results were published online Nov. 20, 2010, in the New England Journal of Medicine to coincide with a presentation at the American Society of Nephrology meeting in Denver.
Six hemodialysis treatments per week improved left ventricular mass and physical health ...
Hebrew University research carries cautionary warning for future stem cell applications
2010-11-23
Jerusalem, November 21, 2010 – Research work carried out at the Hebrew University of Jerusalem arouses a cautionary warning in the growing field of the development of stem cells as a means for future treatment of patients through replacement of diseased or damaged tissues by using the patient's own stem cells. The research indicates a possible danger of cancerous tissue development in the use of such cells.
Embryonic stem cells, which are undifferentiated cells, have the potential to develop into all cell types of the adult body, and thousands of researchers all over ...
Genes link sexual maturity to body fat in women
2010-11-23
An international group of scientists, including researchers at the Medical Research Council (MRC), has discovered 30 genes that control the age at which girls reach sexual maturity. They found that many of the genes responsible for puberty also play a strong role in how the body metabolises fat, establishing new biological links between going through puberty at a young age and being at increased risk of obesity.
This knowledge will help to explain why girls in some families are more likely to go through puberty at an early age, and may eventually help to prevent chronic ...
Scientists call for protection of Australia's subtropic seas
2010-11-23
Leading scientists and marine managers have called for a greater national effort to protect vital 1000-kilometre stretches of ocean bordering the middle of Australia's eastern and western coastlines.
In a major statement entitled The Coffs Harbour Subtropical Reefs Declaration, they urge increased focus and better management for reefs south of the Great Barrier Reef and WA tropical coral zone, explaining that these more southerly areas are expected to become critical refuges for northern tropical marine life under global warming.
The declaration follows a workshop by ...
LAST 30 PRESS RELEASES:
Youngest in class at higher risk of mental health problems
American Heart Association announces new volunteer leaders for 2025-26
Gut microbiota analysis can help catch gestational diabetes
FAU’s Paulina DeVito awarded prestigious NSF Graduate Research Fellowship
Champions for change – Paid time off initiative just made clinical trials participation easier
Fentanyl detection through packaging
Prof. Eran Meshorer elected to EMBO for pioneering work in epigenetics
New 3D glacier visualizations provide insights into a hotter Earth
Creativity across disciplines
Consequences of low Antarctic sea ice
Hear here: How loudness and acoustic cues help us judge where a speaker is facing
A unique method of rare-earth recycling can strengthen the raw material independence of Europe and America
Epilepsy self-management program shows promise to control seizures, improve mood and quality of life
Fat may play an important role in brain metabolism
New study finds no lasting impact of pandemic pet ownership on human well-being
New insights on genetic damage of some chemotherapies could guide future treatments with less harmful side effects
Gut microbes could protect us from toxic ‘forever chemicals’
Novel modelling links sea ice loss to Antarctic ice shelf calving events
Scientists can tell how fast you're aging from a single brain scan
U.S. uterine cancer incidence and mortality rates expected to significantly increase by 2050
Public take the lead in discovery of new exploding star
What are they vaping? Study reveals alarming surge in adolescent vaping of THC, CBD, and synthetic cannabinoids
ECMWF - delivering forecasts over 10 times faster and cutting energy usage by 1000
Brazilian neuroscientist reveals how viral infections transform the brain through microscopic detective work
Turning social fragmentation into action through discovering relatedness
Cheese may really be giving you nightmares, scientists find
Study reveals most common medical emergencies in schools
Breathable yet protective: Next-gen medical textiles with micro/nano networks
Frequency-engineered MXene supercapacitors enable efficient pulse charging in TENG–SC hybrid systems
Developed an AI-based classification system for facial pigmented lesions
[Press-News.org] oDesk Leads Online Outsourcing in Q3 with 40% Market ShareoDesk, the outsourcing website, was the leading freelance marketplace by billings in the third quarter of 2010. Billings of $31.15m represent an increase of $4.45m (16.7%) over the second quarter of 2010, demonstrating strong growth in the sector.