Deal creates largest online marketplace for freelancers.
The world’s largest outsourcing and crowdsourcing marketplace, Freelancer has just acquired Scriptlance, Canada’s largest freelance marketplace and the fifth largest in the world. The purchase reaffirms Freelancer.com’s place as the world’s largest online marketplace with over four million enterprise and professional users – over two and a half times the user base of its nearest competitors.
Scriptlance was the world’s 5th largest freelance marketplace. With over 360,000 enterprise and professional users from around the world, Toronto based Scriptlance was incorporated in 2001 as R3N3 International Inc., by the then 20-year old Canadian technology entrepreneur René Trescases. At the time Scriptlance was one of the early pioneers in the online outsourcing industry.
The site grew quickly into one of the Internet's largest and most popular freelance outsourcing portals and today users from 244 countries, regions and territories around the world visit the site. Over 600,000 projects have been posted to date, and more than US$43 million has been paid out to freelancers.
The company was also an early innovator in the now hot area of crowdfunding. One example of such was crowdfunding of equipment for a computer learning centre for the poor in India, which tripled its target in goal within 24 hours, using software that René wrote.
“We are tremendously excited to acquire Scriptlance, which is truly one of the great trailblazers and most widely recognised brands in the online outsourcing industry”, said Matt Barrie, Chief Executive of Freelancer.com. “Today we launch in Canada, and we couldn’t think of a better way to announce this than by buying one of Canada’s top technology websites.”
René Trescases, Chief Executive and Founder of Scriptlance, said: “We’re thrilled to be joining forces with the global leader in the space. Selling to Freelancer made a lot of sense for us- they have the number one brand and the best scale and geographic reach of anyone in the industry.”
Freelancer.com has aggressively rolled up the online outsourcing space since January 2009 when the company was started by Australian and BRW Entrepreneur of the Year Matt Barrie. The company’s acquisition of Scriptlance (Canada), adds to a list that includes GetAFreelancer (Sweden), LimeExchange (United States), Freelancer.co.uk (United Kingdom), Freelancer.de Booking Center (Germany), Freelancer.com.au (Australia) and Freelancer Hong Kong (China), together with the Freemarket.com virtual content marketplace (United States) and the Webmaster Talk (United States) forums.