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
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
Further reading
External links
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