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Elance

Elance's mission is to improve the way companies buy and manage services. Elance is the leading provider of software solutions for Services Procurement and Management (SPM), which improve the way that organizations buy and manage services – one of the largest components of corporate spending. By streamlining Services Procurement and Management processes, Elance helps companies of all sizes realize significant business transformations, productivity gains and cost reductions.

Elance offers SPM solutions for any size company – from individual entrepreneurs, small companies and mid-size enterprises to Global 2000 leaders.

Founded in 1998, Elance is widely recognized for its ground-breaking Services Procurement and Management offerings. Headquartered in Sunnyvale, California, with 100 employees, Elance is led by a team of seasoned executives from leading enterprise, e-commerce and services management businesses, including Microsoft, Oracle, ADP, Merrill Lynch, Booz Allen, CGE&Y, Boston Consulting Group, and AOL Time Warner.

Elance’s Board of Directors is comprised of well-known business leaders, including Raymond J. Lane, a general partner at Kleiner Perkins and former president and chief operating officer of Oracle Corporation. Elance’s premier investors, including Kleiner Perkins Caufield & Byers, NEA, Pequot Capital Management and others, have invested more than $70 million in the company to date.