Showing posts with label merger. Show all posts
Showing posts with label merger. Show all posts

Friday, November 30, 2012

Merger Alert

Freelancer.Com, a clearinghouse for employers to higher developers and technicians for one-off jobs that need fixin' based in Tampa Florida, acquired competitor vWorker last week. Both companies are privately held.

vWorker was founded in 2001 as RentACoder.com. For Freelancer, this could be a great purchase. Dismal credit-strapped economies provide significant advantages for companies that are cash-rich and that (gasp!) create wealth by serving customers that do not need to rely on the fleeting good graces of investors, bankers and taxpayers. Let's see if this is the beginning of an acquisition phase for the company. Combined with a growing base of employers with diverse employment needs that fear the commitment of new hires, a few key acquisitions and a smart marketing campaign could pay off big for Freelancer.Com.

Full disclosure: I've worked for Freelancer in the past (however I have not done so for over a year, and I was not paid for this post, or any other post on this website, by anyone for any reason).

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