Freelancer.com has bought vWorker, the Florida based company that represents the fourth largest global marketplace. vWorker boasts 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.
The site was founded in 2001 by Ian Ippolito. At first the site was called Rent a Coder and it rapidly developed a reputation for attracting quality programmers. From 2007 to 2010 RentaCoder.com was named by Inc. magazine as one of the 5000 fastest growing private companies in the USA. In 2010, Entrepreneur Magazine called Rent A Coder “one of the hundred smartest, most innovative, hands-down brilliant companies on our radar".
"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.”
“We’re elated to be joining forces with the global leader in the space,” said Ian Ippolito, Chief Executive and Founder of Exhedra Solutions, Inc. (owner of vWorker). “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.”
vWorker was the first company to introduce the trialsourcing model and one of the first innovators in crowdsourcing and time tracking technology.
The acquisition of vWorker represents a massive boost to Freelancer.com’s already market-leading user-base of 4.4 million professionals. The move 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.
Freelancer.com has aggressively consolidated the online outsourcing industry since May 2009 when the company was started by Matt Barrie. The company’s acquisition of vWorker (United States), adds to a list that includes GetAFreelancer (Sweden), Scriptlance (Canada), 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.