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-employment, self-employed and not necessarily committed to a particular employer long- ...
that uses a
machine-learning algorithm
In mathematics and computer science, an algorithm () is a finite sequence of Rigour#Mathematics, mathematically rigorous instructions, typically used to solve a class of specific Computational problem, problems or to perform a computation. Algo ...
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 is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...
.
History
The company, styled as "HourlyNerd", was launched in 2013 as part of a
Harvard Business School
Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...
'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 businessman and television personality. He is the former principal owner and current minority owner of the Dallas Mavericks of the National Basketball Association (NBA) and co-owner of 2929 Entertain ...
, and quickly became a global
online marketplace
An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a wa ...
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 pools 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 is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...
. The company opened its second office in
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
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 corporation, multinational Pharmaceutical industry, pharmaceutical and biotechnology corporation headquartered at The Spiral (New York City), The Spiral in Manhattan, New York City. Founded in 184 ...
,
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
Science Biology
* Seashell, a hard outer layer of a marine ani ...
.
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
American companies established in 2013