Former Macromedia CFO Joins Elance in Period of Accelerating Growth

MOUNTAIN VIEW, Calif. — January 30, 2013 — Elance, the world’s leading platform for online work, today announced the appointment of Betsey Nelson to its Board of Directors. With a deep public capital market and corporate governance background, Nelson will also serve as Chair of the Audit Committee. Online work is increasingly popular and experiencing accelerating growth, with the number of businesses hiring on the Elance platform growing by more than 50% in 2012.

“We are excited to have Betsey join the board,” said Ray Lane, Chairman of Elance. “Betsey’s excellent track record with highly successful companies will be of great value as Elance continues to scale and expand.”

“The market opportunity in front of Elance is enormous, and I’m thrilled to join such a talented team,” said Betsey Nelson. “Elance is changing the way that the world works, and I’m convinced that the socio-economic impact of this movement will be significant.”

Nelson’s board appointment follows the company’s recent moves to expand its executive team with the hiring of eBay veterans Servaes Tholen as Chief Financial Officer and Elizabeth Tse as Vice President of Operations and Rich Pearson joining the team as Chief Marketing Officer.

Nelson’s Board experience includes the Boards of Ancestry.com, Autodesk, CNET Networks, DAI, Nokia and Success Factors. Nelson also was a member of the Board of Directors, EVP and CFO at Macromedia and a finance executive at Hewlett-Packard Co. Nelson holds a B.S. in foreign service from Georgetown University and an M.B.A. in finance with distinction from the Wharton School at the University of Pennsylvania.

Joining as Chairman of the Audit Committee, Nelson will serve with current board members Paul Hsiao (partner at NEA), Ray Lane (Managing Partner of Kleiner Perkins Caufield & Beyers), Dan Marriott (Managing Partner of Stripes Group), Fabio Rosati (CEO) and Beerud Sheth (Founder).

 

About Elance
Elance is where people work differently. The pioneer in today’s freelance revolution, Elance is the world’s leading platform for online work.

Today over 500,000 businesses and 2 million freelancers use Elance in 170+ countries. Innovative global enterprises, small businesses and start-ups tap into the Elance talent pool, building teams from software engineers, application developers and web and graphic designers to copywriters, market researchers, data scientists, social media markets, customer service agents and other business professionals. More than 1 million freelance jobs are completed through Elance annually.

Headquartered in Mountain View, California, Elance is a privately-held company.

For more information, visit www.elance.com.

 
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