Subsumes, Launches Euros on World's Largest Outsourcing Marketplace

Jan 20, 2011, 07:00 ET from

SYDNEY, Jan. 20, 2011 /PRNewswire/ --, the world's largest outsourcing marketplace which connects small business with freelancers from around the world, today announced that it had subsumed, bringing it into the global platform.

Acquired from Innovate IT AB (Sweden), EUFreelance is a euro-denominated freelancing marketplace servicing the European Union with over 125,000 users. To date had been running as a standalone marketplace.

Today, announced that it had migrated the user base to and that employers and freelancers can now transact in euros. will close doors for operation on the 25th of February 2011.

"We are pleased to announce that we are bringing on board EUFreelance users to our global marketplace," said Matt Barrie, Chief Executive of "EUFreelance employers now gain access to a  deeper talent pool of over 2 million professionals globally, and EUFreelance freelancers now have a much higher volume of projects to choose from." connects employers with freelancers from all corners of the world, enabling small projects to be done at a fraction of the price of hiring locally. From engineering to marketing, web design to accounting, architecture to tax- no matter what the skill set is you are looking for, you can find it on is Outsourcing for Everybody.

The terms of the deal were not disclosed.

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About Freelancer is the largest outsourcing marketplace in the world. Through, businesses connect with independent service providers and freelancers. connects over 2 million professionals from all over the world. Through our website, employers can hire freelancers to do work in areas such as software, writing, data entry and design right through to engineering and the sciences, sales & marketing, and accounting & legal services. The average job is under US$200, making extremely cost effective for small businesses, which often need a wide variety of jobs to be done, but cannot justify the expense of hiring full time.