Mountain View, CA – September 14, 2005 — Elance (www.elance.com), the leading provider of services and contractor management, today announced the expansion of its European operations and related move to new European headquarters, located in central London, UK. The expansion and move were initiated in response to growing demand for Services and Contractor Management solutions, extension of current customer deployments throughout the European theatre, and the resulting increase in Elance international staff. Key to Elance's global expansion strategy, the new office extends Elance's sales and support for Global 2000 companies with a local presence in Europe.

With Elance deployments live or in progress in the United Kingdom, Canada, Australia and Singapore and planned in France and Germany, Elance is experiencing rapid international growth in a customer base which includes industry leaders in financial services, manufacturing, pharmaceuticals, telecommunications, consumer electronics, oil and gas, utilities, and transportation.

To support these international roll outs, Elance has continually added global capabilities to its Services and Contractor Management solution, which is used by more than 200,000 individuals to find, buy, manage and pay external services and contractors, and by procurement category managers to save 10-20% on services and to gain visibility and control over spending, compliance and performance. Already able to support multiple currencies and business process localization for multiple geographies, Elance also supports additional languages as well. As a result, multinational enterprises can invest in a single solution for their needs world-wide, reducing total cost of ownership.

“The need for our Services and Contractor Management solution only continues to grow,” said Fabio Rosati, president and CEO of Elance. “Multinational corporations need a single solution to manage the wide range of services they buy across all their geographic locations. With our expansion, Elance is delivering on its commitment to meet its customers in the most important geographies to drive savings, compliance and performance from their supplier relationships.”
 
The Elance Europe office can be contacted at 16 Hanover Square, London, W1S 1HT, UK, +44 (0) 2074 089 440.

About Elance
Elance® is the leading provider of e-commerce solutions for services.  Elance provides a simple, convenient and automated way to find, evaluate, purchase, manage and pay for third party services and contractors, resulting in tremendous cost savings and increased compliance for buyers and increased customer and market reach for suppliers.  Elance brands include:

• Elance OnDemand, an enterprise service, used by Global 2000 companies to manage their network of service suppliers and contractors for over 50 service categories including contingent staffing, IT outsourcing, and consulting services
• Elance Marketplace, the world's leading web-based project marketplace, used by mid-sized and small businesses and services providers to connect and transact projects online
• Elance Agency, a specialized service, used by mid-sized and small businesses to access handcrafted project packages for the most popular services categories.

Headquartered in Mountain View, Calif., Elance serves customers and suppliers the world over.  For more information on Elance, please visit www.elance.com.

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Elance and the Elance logo are trademarks or registered trademarks of Elance, Inc. in the United States and other countries.

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