oDesk Named Top Startup at TiEcon 2011


REDWOOD CITY, CA--(Marketwire - May 13, 2011) - oDesk, the largest and fastest-growing global employment platform, today announced that it has been chosen as a winner of the TiE50 Award recognizing innovative and impactful startups.

TiE50 winners will be honored at TiEcon 2011 on May 13 & 14, 2011, at the Santa Clara Convention Center in Santa Clara, CA. TiEcon is the world's largest conference for entrepreneurs featuring two days of dialogue and networking with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders.

oDesk enables employers to hire, manage and pay a flexible online workforce. With 1.3M contractors available to work from 150+ countries around the world, and over $16M in online work performed in April 2011 (up 85% year-over-year), oDesk is changing how the world works.

"Online work is giving companies a way to access talented workers beyond their local geography, and oDesk's approach removes common obstacles for creating and managing these distributed teams," said oDesk CEO Gary Swart. "Winning the TiE50 award is a recognition of oDesk's innovative approach, the involvement of our incredibly engaged user community, and the impact our business is making on the future of work around the world."

This year, the TiE50 program reviewed over 1,600 high-quality companies worldwide, through a multi-tier screening and judging process.

"oDesk was clearly ranked amongst the best of the breed by a team of 60 highly accomplished and experienced judges. These experts included globally recognized venture capitalists, CEOs, academia, and serial entrepreneurs," said Vish Mishra, Chairman of TiEcon 2011 and President of TiE Silicon Valley. "Being recognized as a TiE50 winner is a true testament to their entrepreneurial spirit and world class caliber."

About oDesk
With more than 1.3M contractors in more than 150 countries, oDesk (www.oDesk.com) is a global employment platform which enables companies to hire, manage, and pay a flexible, online workforce.

Find oDesk on Facebook at: www.facebook.com/oDesk
Follow oDesk on Twitter at: www.twitter.com/oDesk

Contact Information:

MEDIA CONTACTS:
Sammy Totah
BOCA Communications

+1-415-738-7718