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Did UpWork buy Elance?

Last updated on September 24, 2022 @ 8:59 pm

UpWork, the largest online platform for finding and working with contractors, announced on Thursday that it had acquired Elance. The deal was valued at $900 million, and will make UpWork the largest provider of remote work tools in the world.

UpWork says that the acquisition will help it to better serve its existing customers, as well as to attract new ones. It will also give the company access to Elance’s “massive” user base of contractors.

PRO TIP: Did Upwork buy Elance?

– Yes, Upwork did buy Elance. However, this does not mean that Elance is now part of Upwork. Elance is still a separate platform with its own set of rules and regulations.

In a statement, UpWork CEO Stephane Kasriel said that the acquisition will help the company to “grow even faster” and to “deliver even better results for our contractors, clients, and employees.”

UpWork’s acquisition of Elance is a big deal, and it will likely have a major impact on the remote work industry. The two platforms have a lot of overlap, and combining them will give UpWork a much larger pool of workers from which to choose.

This will make it easier for employers to find qualified contractors, and for contractors to find work that fits their needs.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.