Upwork Acquires Bubty and Agrees to Acquire Ascen

August 6, 2025

Upwork announced the acquisition of Bubty and a signed definitive agreement to acquire Ascen, integrating both into a new stand-alone, enterprise-focused contingent workforce business. The deals expand Upwork’s capabilities beyond independent contractors to include workforce management, employer-of-record (EOR) and staff augmentation services for enterprise customers.

Buyers
Upwork
Targets
Bubty, Ascen
Industry
Staffing & HR
Location
United States; Netherlands
Transaction Type
Buyout

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