UPDATE: Elance Names Betsey Nelson to Board of Directors

UPDATE: Elance Names Betsey Nelson to Board of Directors 
Public Company Board Veteran Joins Elance in Period of Accelerating
MOUNTAIN VIEW, CA -- (Marketwire) -- 01/30/13 --  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 joins at a time of
significant expansion for the company, 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 -- Elance is
pioneering a new way to work as well as a new way to build and grow
companies," said Betsey Nelson. "I'm thrilled to join such a talented
team as they build out this exciting platform."  
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
Nelson's Board experience includes the Boards of Ancestry.com,
Autodesk, CNET Networks, DAI, Nokia and Success Factors. Nelson
served as EVP and CFO at Macromedia for ten years, and held various
finance roles at Hewlett-Packard Co before that. 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
Joining as Chair 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
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 and Oslo, Norway, Elance
is a privately-held company.  
For more information, visit www.elance.com. 
Media Contact:
Emily Borders
Borders + Gratehouse
Phone: (415) 963-4174 ext. 1
Email: emily(at)bordersgratehouse.com 
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