and's expertise in marketplaces and secure online payments an excellent strategic fit

SYDNEY, Australia April 27, 2015, the world's largest freelancing and crowdsourcing marketplace, today announced that it had entered into a definitive agreement to acquire

Headquartered in Rancho Santa Margarita, CA, provides online escrow services that facilitate and accelerate e­commerce by assuring secure settlement. Founded in 1999 by Fidelity National Financial, has been a privately held company that pioneered online escrow services. It is the leading provider of secure business and consumer transaction management on the Internet, with over $2.2 billion in transactions to date. reduces the risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to Buyer and Seller instructions. Escrow services provided by the company are licensed and regulated. Chief Executive Matt Barrie said, "We are pleased to acquire, the world's largest online escrow company. This highly complementary acquisition will enhance the ability of our 15 million users to transact securely, and is a strong cornerstone for entering the payments space". President & Managing Director Brandon Abbey said, "We are excited to be joining the group. Freelancer's expertise in marketplaces, combined with our expertise in secure online payments are an excellent strategic fit."

The group staff will be continuing with the company and it will remain a California based business.

The transaction is expected to reach financial close in Q2 2015, subject to regulatory approvals. For additional information please contact Jackson Elsegood, or 1-949-635-3800

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