HotGigs Inc. Among "20 To Watch" in 2007 Web-Based Staffing Solutions Provider Recognized for Innovation, Unique Business Model, Venture Capital
MINNEAPOLIS – January 8 – HotGigs® Inc., an innovator in web-based staffing solutions, announced today that it has been named among Twin Cities Business magazine's 2007 "20 To Watch," a prestigious list of influential companies in Minneapolis-St. Paul. Twin Cities Business magazine’s editors considered hundreds of companies in building the list, identifying outstanding Twin Cities area companies and business people who are poised to make major strides in 2007. This year's featured individuals include executives from UnitedHealth Group, HealthPartners and Dakota, Minnesota & Eastern Railroad.
HotGigs Inc. was selected for three reasons, according to Twin Cities Business senior editor Gene Rebek: The company's business leadership and innovation, HotGigs' distinctive business model, and the significant venture capital that HotGigs has been able to attract, including a $5.3 million round of Series A financing.
HotGigs' co-founder and CEO Doug Berg said, “This is a recognition of HotGigs' pioneering new technologies that address difficult business challenges related to the management of a staffing supply chain and contingent workforce. HotGigs is helping employers strategically automate information systems that streamline the management and sourcing of a contingent workforce and every aspect of the staffing supply chain," said Berg. "Making the list is a great pat on the back.”
The company's most recently launched solution, HotGigs ContractCentral® (www.contract-central.com), has already achieved savings for a variety of clients. Telecommunications giant ADC estimates that ContractCentral will save the company $1.5 million in staffing costs over the current fiscal year. The solution provides a robust and easily integrated web-based system to help companies manage their contingent workforce and a preferred vendor network, in direct competition with more traditional VMS Vendor Management Systems (VMS). In the process, ContractCentral reduces staffing costs and increases time-to-fill efficiency.
According to Berg, “Organizations interested in using automated staffing management solutions are asking for our help to improve their current processes and make them intelligent and cost efficient. These companies are using HotGigs' unique capabilities to create and broadcast contract requisitions, acquire and management talent, and report on staffing spends by manager, job or skill type or staffing vendor. In short, we are providing the right, actionable information in real time, automating otherwise cumbersome recruiting process and saving companies a bundle in the process.”
About Twin Cities Business
Twin Cities Business, formerly Twin Cities Business Monthly, is a publication of Minneapolis-based publisher MSP Communications. As Minnesota's premier business publication, Twin Cities Business has nearly 80,000 readers throughout the state. Each month top business leaders look to the pages of Twin Cities Business for profiles of outstanding area businesses and business people, in-depth reporting on trends that affect local businesses, and insights on what they need to know make their companies thrive.
About HotGigs Inc.
HotGigs Inc. delivers web-based staffing solutions that help companies manage their staffing supply chain. The HotGigs.com (www.hotgigs.com) staffing exchange is a free service for companies that simplifies contract and full-time staffing from HotGigs network of 12,000+ staffing & consulting firms and 40,000+ consultants.
HotGigs ContractCentral solution (www.contract-central.com) provides companies with a centralized portal to automate sourcing and management of contract resources from their private network of preferred staffing vendors. Its Jobs2Web product (www.jobs2web.com) helps companies drive top candidates directly to their corporate career sites from top search engines and free job posting sites, allowing them to build their own private candidate communities. Headquartered in Minneapolis, MN, the company was founded in 2003.
HotGigs, HotGigs Inc., the HotGigs logo, Jobs2Web and ContractCentral are trademarks or registered trademarks of HotGigs Inc. *Other names and brands may be claimed as the property of others. Copyright © 2006 HotGigs Inc. All rights reserved.
# # #Editor's Note: A photo of HotGigs CEO Doug Berg is available upon request. Press contact: David Southgate, 787-557-6542, david@hotgigs.com. Websites for HotGigs, ContractCentral and Jobs2Web: www.hotgigs.com, www.contract-central.com and www.jobs2web.com.