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Upwork<\/a>, a platform that connects companies with freelancers, announced two acquisitions to help build out a new stand-alone enterprise-focused business that could expand its market reach.<\/p>\n The San Francisco-based company announced it has acquired Bubty<\/a>, a workforce management platform, and has signed a definitive agreement to acquire Ascen<\/a>, a global compliance and EOR (employer of record) company, ahead of its second-quarter earnings call on August 6.<\/p>\n Upwork will integrate these two companies into its existing enterprise business to create a stand-alone entity under the Upwork umbrella.<\/p>\n The move is significant because it will allow Upwork to offer access to talent beyond the independent contractor workforce Upwork is known for \u2014 essentially enabling the company to compete in new areas of the corporate staffing market. The new entity will support contract types, including agent of record, employer of record, and staff augmentation.<\/p>\n Upwork president and CEO Hayden Brown told TechCrunch that the timing was right to launch this new enterprise-focused business because Upwork\u2019s existing enterprise customers have been increasingly asking for access to these talent pools.<\/p>\n \u201cMost of the providers that exist today force their customers to choose between flexibility and compliance, or speed and scale, or having a digital tool versus having something that\u2019s actually robust and for the enterprise,\u201d Brown said. \u201cAnd with this new capability, we\u2019re refusing to compromise. We\u2019re giving our customers all of the benefits they\u2019ve been looking for, and we\u2019ve heard loud and clear that they want this singular solution.\u201d<\/p>\n Brown said that Upwork\u2019s existing enterprise business makes up about $100 million of the company\u2019s overall $750 million in yearly revenue.<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco<\/span> Upwork decided to make the enterprise business a stand-alone entity because enterprises have very different needs regarding compliance and software integrations than the small and midsize businesses Upwork\u2019s main business works with.<\/p>\n Keeping them separate allows for better external branding and better internal focus, Brown said.<\/p>\n Upwork vetted more than 100 potential companies to acquire to build out this business, Brown said. The company landed on Bubty and Ascen not only for what they bring separately but also for how they worked together \u2014\u00a0Upwork piloted the companies both individually and together.<\/p>\n \u201cWe saw through the power of those pilots how impactful their technology was and how easy it was to basically snap together what each of them offers, along with our existing offering to deliver something very new and innovative in the market,\u201d Brown added.<\/p>\n Details on the branding and full offerings of the new stand-alone business are set to be unveiled later this year.<\/p>\n<\/div>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 27-29, 2025<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n