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.
| Formerly | HourlyNerd |
|---|---|
| Company type | private |
| Industry | Freelance Marketplace |
| Founded | February 2013 (as HourlyNerd) Boston, Massachusetts, U.S. |
| Founder | Rob Biederman Peter Maglathlin Joe Miller Patrick Petitti |
| Website | catalant.com |
History
edit
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
editThe 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
editCatalant 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
edit- ^ 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.
- ^ Mark Cuban Invests in Start-Up to Connect Companies to M.B.A.s; NYT DealBook
- ^ Kauflin, Jeff. "Exclusive: Consulting Matchmaker Catalant Lands $41 Million In New Funding". Forbes. Retrieved 2018-03-21.
- ^ a b c "How These Apps are Transforming the Way We Work". Inc.com. 2018-07-12. Retrieved 2018-11-26.
- ^ "Uber for MBAs is a worrying sign for knowledge workers everywhere - The Boston Globe". BostonGlobe.com. Retrieved 2016-06-09.
- ^ "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.
- ^ "Beyond Contingent Workforce Management: Embracing an Agile Workforce". Spend Matters. 2018-06-14. Retrieved 2018-11-26.
- ^ a b c Schechner, Sam (2017-12-10). "Meet Your New Boss: An Algorithm". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-05-10.
- ^ Benjamin, Jeff (2 July 2018). "New digital Fidelity platform will let consulting firms bid for adviser projects". www.investmentnews.com. Retrieved 2018-11-26.
- ^ McCann, David (2018-05-15). "CFO's Tech Companies to Watch 2018: Major Disruptors -". CFO. Retrieved 2018-11-26.
- ^ "Digital talent marketplace Catalant opens an office in London". www.consulting.us. 26 October 2018. Retrieved 2018-11-26.
- ^ "America's leading independent consultants marketplace lands in UK". Consultancy United Kingdom. October 29, 2018. Retrieved 2 November 2018.
Further reading
edit- Avery, Jill; Fuller, Joseph B. (January 2016). "HourlyNerd". Harvard Business School Case. 316 (134).