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ODesk Lands $15 Million, Hires CFO

March 22 2012

ODesk Corp., a firm that allows users to hire independent contractors remotely via its website, received a $15 million investment from T. Rowe Price and hired Gregory Stanger as its new CFO. Stanger is the former CFO of both Expedia and Chegg.com.

Redwood City, Calif.-based oDesk said contractors working through its website are earning more than $300 million on an annual basis.

The company also released results from a survey of 7,000 of its clients that found 76 percent characterize hiring of independent contractors online as a “long-term strategy.” It also found that 87 percent believe that “remote hiring will soon be a common business practice.”

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