SYDNEY, April 4, 2014 /PRNewswire/
-- Freelancer.com has today announced the acquisition of
Fantero.com, a leading virtual content marketplace within the
design and freelance communities. Populated with a collection of
almost 1 million unique items of digital content from over 100,000
users, the marketplace specializes in stock photos, web templates,
audio, music, flash and video files as well as 3D models, plugins
and scripts. This diverse range of content is expected to be a
valuable resource for Freelancer's user base of 10.7 million
users.
Fantero evolved out of BuyStockNetwork, an early pioneer in the
virtual content landscape, which later changed its name to Albumo.
Founded by young entrepreneurs Max
Basaraba and Zakhar "Zak" Chumak, Albumo provided a platform
for up and coming photographers to monetize the images they owned.
This image focused concept was expanded to become the diversified
digital content marketplace, Fantero.
Founders Max and Zak remain committed to helping Fantero grow as
part of the Freelancer community and believe "the acquisition will
help expand Fantero's vision to build a complete cycle ecosystem
where job seekers meet employers and have all of the digital tools
and assets in place to fulfill any job."
Freelancer CEO Matt Barrie
recognises that "Fantero is an excellent fit with our Freelancer
community. Freelancers are constantly producing all sorts of
digital content, and this is an excellent way to monetise these
assets - in addition, the resource will help increase productivity
and provide immediate value for those working on thousands of
projects posted on Freelancer every day."
The acquisition of Fantero will be funded from the Company's
existing cash reserves and is not expected to have a material
impact on revenue in FY14.
About Freelancer®
Triple Webby award-winning Freelancer.com is the world's largest
freelancing and crowdsourcing marketplace by total number of users
and projects posted. Over 10.7 million registered users have posted
5.7 million projects and contests to date in over 600 areas as
diverse as website development, logo design, marketing,
copywriting, astrophysics, aerospace engineering and manufacturing.
Freelancer Limited is listed on the Australian Securities Exchange
under the ticker ASX: FLN.
http://www.freelancer.com
SOURCE Freelancer.com
