I’m happy to announce that CrowdSource has entered into a definitive agreement to acquire Servio, and we couldn’t be more excited about the opportunities this presents.
Servio is a leader in the enterprise crowdsourcing, focused on leveraging its workforce to create content at scale for Fortune 500 online retailers and publishers. This acquisition helps move us toward market leadership in the enterprise crowdsourcing space.
The crowdsourcing industry has grown immensely over the last few years and is forecasted to grow by 90-100% again this year, with CrowdSource expecting an internal growth of 300%. As of today, 2,000 firms have adopted crowdsourcing to advance the success of their businesses.
Not only is the demand for crowdsourcing increasing, but people from all educational backgrounds are choosing the freelance lifestyle full time, part time or for personal growth, helping to further evolve the industry. CrowdSource has experienced this trend internally last year, experiencing a 344% growth within our workforce.
Leveraging the combined knowledge of CrowdSource and Servio creates opportunities for our clients who will now have access to additional solutions and an expanded pool of talent. Our workforce will also gain access to a larger collective client portfolio and access to a larger and more varied pool of work.
We’re excited about the knowledge and experience contributed by Servio’s team and about the opportunity ahead.
You can find the full details of the acquisition in our official press release.
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