Acquires Virtual Content Marketplace Fantero.com
Sydney, April 3, 2014 AEST (ABN Newswire) - Freelancer Ltd (Freelancer or the Company) (
ASX:FLN) today announced the acquisition of virtual content marketplace, fantero.com, including certain intellectual property and domain name assets (Fantero).
The Fantero network has over 100,000 members and consists of almost 1 million items of digital content including stock photos, web templates, audio, flash & video files, 3D models, plugins and scripts, and graphics and vector files.
Commenting on the acquisition, Freelancer CEO & Chairman Matt Barrie said, "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 Ltd
Triple Webby award-winning Freelancer.com is the world's largest freelancing and crowdsourcing marketplace by total number of users and projects posted. Tens of millions of registered users have posted 7+ million projects and contests to date in over 750 skill category areas as diverse as website development, mobile apps, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer Limited is listed on the Australian Securities Exchange under the ticker (ASX:FLN).
| ||
|
