Tampa's vWorker Sold to Freelancer.com

Written by David Glass.

vworker-logoTAMPA - Freelancer.com, the world's largest freelancing marketplace, today announced the acquisition of vWorker, the fourth largest marketplace globally. Headquartered in Tampa, vWorker has over 2.5 million enterprise and professional users from around the world, who have been paid over US$139 million through the site from 1.3 million projects.

Founded by Ian Ippolito in 2001 originally as Rent A Coder, the marketplace was one of the earliest companies of its kind in the world. It rapidly developed an exceptional reputation for attracting quality programmers and grew at an astonishing pace.

Originally focusing on programming and IT-based work, in 2010 the site expanded to include a wide selection of work categories including graphic design, writing and more. To reflect this expansion, the company changed its name to vWorker - short for "virtual worker".

A true innovator in the space, vWorker was the first company to introduce the trialsourcing model and one of the first innovators in crowdsourcing and time tracking technology.

With a huge pool of 2.5 million professionals spanning the globe, the acquisition of vWorker represents a massive boost to Freelancer.com's already market-leading user-base of 4.4 million professionals. This 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. Combined with Freelancer's 2.7 million projects to date, the marketplaces have completed 4 million projects as the largest online freelance economy in the world by far.

"I am immensely pleased to announce the acquisition of vWorker, which has the absolute best reputation in the industry for sourcing the finest programmers," said Matt Barrie, Chief Executive of Freelancer.com. "Through Ian's incredible leadership over the last 12 years, vWorker was a pioneer in the development of many technologies and processes that the industry today takes for granted."

Ian Ippolito, Chief Executive and Founder of Exhedra Solutions, Inc. (owner of vWorker), said, "We're elated to be joining forces with the global leader in the space. Our highly skilled freelancers will now be able to increase their earnings potential by accessing more projects, and our employers will be able to tap into a larger and more diversified skill base to get things done."

Today, small businesses are able to hire freelancers for projects in 600 skill categories which today are in areas as mainstream as Website Design, Graphic Design, Copywriting and SEO; but are also as diverse as Astrophysics, Aerospace Engineering, Genetic Engineering, Biotechnology, Manufacturing and Industrial Design.

The terms of the acquisition were undisclosed.

 

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