Swansea, Ill. -- CrowdSource, a leading provider of managed crowdsourcing solutions, announced it has entered a definitive agreement to acquire San Francisco-based Servio, a competitor in the enterprise crowdsourcing industry. The acquisition will strengthen CrowdSource’s client portfolio, expand its workforce and augment its current service offerings.
Crowdsourcing is the business practice of outsourcing projects to an online community of workers with specialized skills. CrowdSource meets large-scale content creation and content moderation needs of online retailers and online publishers, and it also offers solutions in data gathering and data management.
While Servio and CrowdSource offer similar solutions, Servio emphasized catering its solutions to large online retailers. This acquisition will allow CrowdSource to expand its capabilities and provide more complete solutions for online retailers.
This pairing is a step toward consolidating the crowdsourcing industry, which is expected to grow by 90% in 2013. More than 2,000 enterprise companies world-wide have adopted crowdsourcing as part of their labor mix.