socialmedian: oDesk’s oConomy Hits $100 Million

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Source: TechCrunch

Oct 26, 2009

Summary

Startup oDesk received rave reviews at this years TechCrunch50 conference thanks to its innovative workplace platform. The startup was voted as demopit winner with the launch of a new iPhone application that allows project administrators to monitor the work stream of their team members while they’re on the go.

Today, oDesk’s “oConomy” meter, which is the amount of money that is earned from workers on oDesk, hit $100 million. The oConomy showcases data from the work activity of 350,000+ oDesk users in over 150 countries.

oDesk has been around for a while, offering a “marketplace for talent” that makes it easy to hire workers remotely. The company currently has over 340,000 providers, with 12,200+ jobs that are open. oDesk has also launched an API Center to encourage developers to create custom workspaces around oDesk tools. The API allows for users to log-in from outside of oDesk’s applications, the ability to search oDesk’s provider data and profiles, and lets users retrieve snapshots of worker activities.

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