Online outsourcing market responds well to LimeExchange's 'Pilot/POC' project feature

LimeExchange reports success on its Pilot/POC feature, which
allows buyers to pre-screen work from service providers as a sample
assignment.
NEW YORK--(Business Wire)--
LimeExchange, the first socially networked online marketplace for
outsourced talent reports a positive market response to their newly
launched Pilot/Proof of Concept (POC) feature. Over 50% of the
registered buyers and service providers around the world associated
with LimeExchange are reaping benefits of the POC feature, which is a
tool buyers can use to gauge the skill level of service providers.

The Pilot/POC project feature enables buyers to review potential
vendors by receiving a sample of the project requirement delivered as
an assignment. This provides a way of gaining a deeper understanding
of a provider's capabilities and skills prior to signing them on for
bigger projects. After short listing their providers, buyers use the
Pilot/POC project feature to evaluate the work of service providers at
a nominal fee by paying as little as $10 up to $100. Providers and
freelancers, on the other hand, get a level playing field to compete
on while generating revenue for their pre-sales effort.

My Creative Assistant, a division of Visual Persuasions Canada, is
one company that has taken advantage of the Pilot/POC Project feature
for their information management project. Pam Ivey, Principal of My
Creative Assistant, says, "We used LimeExchange's Pilot/POC project
feature for our 'Moodle Server' project with great results. We trialed
several vendors and, based on the quality of work, we selected a
partner who demonstrated the ability to get the job done quickly and
effectively. The Pilot/POC project feature exceeded our expectations,
enabling us to secure quality vendors for our company. We feel that
LimeExchange is a definite help for small and medium businesses such
as ours, providing quality outsourced partners from around the world
at competitive rates, with almost real time quality assessment and
allowing us to establish long term relationships," adds Ivey.

"Traditionally business has been outsourced only after an SMB or
an entrepreneur can gauge quality workmanship of a vendor and
negotiate the price of service. At LimeExchange we have brought that
experience online," says Mr. Pawan Agarwal, Head Operations Lime Labs,
India. "The Pilot/POC project feature enhances outsourcing by allowing
buyers to comfortably engage their top short listed vendors and review
their work before committing them to a larger project. At the same
time, independent providers who face a difficult time culling small
project interest from large corporations get a competitive chance
through a small "pre-contract" demonstration of their ability. It's a
win-win situation, where both parties minimize their risks up front,"
adds Agarwal.

ABOUT LIMEEXCHANGE

LimeExchange is a service of Lime Labs LLC U.S. LimeExchange is
the marketplace for global talent on demand. Service buyers can find
the talent they need on demand by posting their project requirements
on LimeExchange. Service providers can find and bid on projects, and
start building profitable business relationships with clients around
the globe by setting up a free profile at http://www.LimeExchange.com.
To know more visit the official LimeExchange blog:
http://blog.LimeExchange.com.

ABOUT LIME LABS LLC

Lime Labs LLC (formerly Lime Spot LLC) is a forward-looking Web
company focusing on creating and delivering user-driven Web
applications and services. The Lime Labs team brings together some of
the sharpest web development minds in the U.S. and India to work on
innovative products in the spheres of brokerage, community and
commerce, with a focus on quality design and rapid development
practices. Lime Labs forms part of the group of companies under the
umbrella organization of The Lime Group that runs several finance and
software companies, including Tower Research Capital, Lime Brokerage
LLC, Lime Wire LLC, Lime Medical LLC, and The Open Planning Project.

PRESS RESOURCES

Press contact, USA: dawnmarie@gregoryfca.com

Press contact, India: mohit@2020india.com, madhavi@2020india.com

Web site: http://www.LimeExchange.com

Company Contacts
New York, USA
Jesse Rubenfeld
Lime Spot, LLC
Ph: 212-219-6051
jrubenfeld@limespot.com
or
India
Sorabh Jerath
Lime Spot Technology India Pvt. Ltd.
Ph: 0120-4236972
Fax: 0120-4236974
sorabh.jerath@limespot.co.in
or
Press Contacts
New York, USA
Dawn Marie Fichera
Gregory FCA
Ph: 610-228-2103
dawnmarie@gregoryfca.com
or
New Delhi, India
Mohit Verma/ Madhavi Kochar
Twenty Twenty Media Pvt Ltd
Office Tel: +0120 642020
mohit@2020india.com
madhavi@2020india.com

Copyright Business Wire 2008