oDesk and Elance announce a merger

oDesk and Elance, two of the leading online work marketplace platforms, have announced the signing of a definitive agreement to merge the two companies. Fabio Rosati, the CEO of Elance, will serve as the CEO of the combined entity, and oDesk executive chairman Thomas Layton will continue in that role for new entity. oDesk CEO Gary Swart will be serving as a strategy advisor and the name of the new company will be announced post-merger.

These are two of the biggest players in this expanding marketplace, and by combining they are gaining a great deal of throw weight.

Here’s the two CEOs shaking on the deal:



Gary Swart on the left and Fabio Rosati on the right.

I will try to get an interview going with Fabio Rosati in the new year, and hear his plans.

I guess my next question is what is Gary Swart planning next? I will track him down and find that out.