Catalant Technologies, Inc., formerly HourlyNerd, is a
freelance marketplace
''Freelance'' (sometimes spelled ''free-lance'' or ''free lance''), ''freelancer'', or ''freelance worker'', are terms commonly used for a person who is self-employed and not necessarily committed to a particular employer long-term. Freelance w ...
that uses a
machine-learning algorithm
In mathematics and computer science, an algorithm () is a finite sequence of rigorous instructions, typically used to solve a class of specific problems or to perform a computation. Algorithms are used as specifications for performing ...
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
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most ...
.
History
The company, styled as "HourlyNerd", was launched in 2013 as part of a
Harvard Business School's course.
[College Startup: Rent a Nerd with HourlyNerd,]
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
Mark Cuban (born July 31, 1958) is an American billionaire entrepreneur, television personality, and media proprietor whose net worth is an estimated $4.8 billion, according to ''Forbes'', and ranked No. 177 on the 2020 ''Forbes'' 400 list ...
, and quickly became a global
online marketplace that connected companies of varying sizes with over 25,000 independent business consultants for project-based work. By 2016, the company's online marketplace included 17,500 freelance consultants and over two hundred boutique consulting firms.
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. Clients use Catalant's software platform to access and deploy people in different
talent pool
A talent community is a mechanism that employers use to keep active pipelines of talent for future recruitment. Talent pipelines consist of potential employees who are interested in working at a given employer, but are not ready to apply. This gr ...
s who will work both inside and outside of their organizations.
These talent pools include: employees,
alumni and retirees,
and independent consultants and firms. More than 70,000 independent experts and 1,500 boutique firms are listed in Catalant's "Expert Marketplace."
Company details
Catalant is headquartered in
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...
. The company opened its second office in
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
in 2018.
As of 2018, Catalant served more than 30% of the Fortune 100 and 20% of the Fortune 1000, including
GE,
Pfizer
Pfizer Inc. ( ) is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfizer ...
,
Staples,
and
Shell
Shell may refer to:
Architecture and design
* Shell (structure), a thin structure
** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses
** Thin-shell structure
Science Biology
* Seashell, a hard o ...
.
References
Further reading
*
External links
*{{official website, https://catalant.com
Software companies established in 2013
Companies based in Boston
Software companies based in Massachusetts
2013 establishments in Massachusetts
Privately held companies based in Massachusetts
Software companies of the United States
2013 establishments in the United States
Companies established in 2013