Catalant
FormerlyHourlyNerd
Typeprivate
IndustryFreelance Marketplace
FoundedFebruary 2013 (2013-02) (as HourlyNerd)
Boston, Massachusetts, U.S.
FounderRob Biederman
Peter Maglathlin
Joe Miller
Patrick Petitti
Websitecatalant.com

Catalant Technologies, Inc., formerly HourlyNerd, is a freelance marketplace that uses a machine-learning algorithm to recommend independent consultants whose skills and expertise are needed for client projects. More than 70,000 independent consultants are listed on Catalant. Catalant is based in Boston, MA.

History

The company, styled as "HourlyNerd", was launched in 2013 as part of a Harvard Business School's course.[1] HourlyNerd was founded by Rob Biederman, Patrick Petitti, Peter Maglathlin, and Joe Miller. In September 2013, HourlyNerd received $750,000 in seed money from a group led by Mark Cuban,[2] and quickly became a global online marketplace that connected companies of varying sizes with over 25,000 independent business consultants for project-based work.[3] By 2016, the company's online marketplace included 17,500 freelance consultants and over two hundred boutique consulting firms.[4]

Business model

The Catalant platform enables clients to post projects, receive bids, interview and select experts, track projects, and make payments all in the same place.[5] Clients use Catalant's software platform to access and deploy people in different talent pools who will work both inside and outside of their organizations.[6][7][8] These talent pools include: employees,[8] alumni and retirees,[4] and independent consultants and firms.[9] More than 70,000 independent experts[10] and 1,500 boutique firms[11] are listed in Catalant's "Expert Marketplace."

Company details

Catalant is headquartered in Boston. The company opened its second office in London in 2018.[12] As of 2018, Catalant served more than 30% of the Fortune 100 and 20% of the Fortune 1000, including GE, Pfizer, Staples,[4] and Shell.[8]

References

  1. ↑ College Startup: Rent a Nerd with HourlyNerd,"College Startup | Rent a Nerd with HourlyNerd". Archived from the original on 2014-02-22. Retrieved 2014-05-23.
  2. ↑ Mark Cuban Invests in Start-Up to Connect Companies to M.B.A.s; NYT DealBook
  3. ↑ Kauflin, Jeff. "Exclusive: Consulting Matchmaker Catalant Lands $41 Million In New Funding". Forbes. Retrieved 2018-03-21.
  4. 1 2 3 "How These Apps are Transforming the Way We Work". Inc.com. 2018-07-12. Retrieved 2018-11-26.
  5. ↑ "Uber for MBAs is a worrying sign for knowledge workers everywhere - The Boston Globe". BostonGlobe.com. Retrieved 2016-06-09.
  6. ↑ "The gig economy is coming for your office job — here's how it works for companies doing it already". Business Insider. Retrieved 2018-11-26.
  7. ↑ "Beyond Contingent Workforce Management: Embracing an Agile Workforce". Spend Matters. 2018-06-14. Retrieved 2018-11-26.
  8. 1 2 3 Schechner, Sam (2017-12-10). "Meet Your New Boss: An Algorithm". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-05-10.
  9. ↑ Benjamin, Jeff (2 July 2018). "New digital Fidelity platform will let consulting firms bid for adviser projects". www.investmentnews.com. Retrieved 2018-11-26.
  10. ↑ McCann, David (2018-05-15). "CFO's Tech Companies to Watch 2018: Major Disruptors -". CFO. Retrieved 2018-11-26.
  11. ↑ "Digital talent marketplace Catalant opens an office in London". www.consulting.us. 26 October 2018. Retrieved 2018-11-26.
  12. ↑ "America's leading independent consultants marketplace lands in UK". Consultancy United Kingdom. October 29, 2018. Retrieved 2 November 2018.

Further reading

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.