Upwork , a platform that connects companies with freelancers, announced two acquisitions to help build out a new, standalone enterprise-focused business that could expand its market reach.

The San Francisco-based company announced it has acquired Bubty , a workforce management platform, and has signed a definitive agreement to acquire Ascen , a global compliance and employer of record company, ahead of its second-quarter earnings call on August 6.

Upwork will integrate these two companies into its existing enterprise business to create a standalone entity under the Upwork umbrella.

The move is significant because it will allow Upwork to offer access to talent beyond the independent contractor workforce Upwork is known for — essentially enabling the company to compete in new areas o

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