Arcadian Networks Inc.

Arcadian Networks Inc. is a company focused on linking businesses with skilled freelance IT professionals through a comprehensive online platform that streamlines the hiring process for various IT services. Founded in 2006 in the US, Arcadian Networks Inc. connects clients with IT freelancers, fostering a network for various IT services.

The company raised USD 30 mn in funding led by Goldman Sachs Merchant Banking Division in May 2007, totaling USD 30 mn raised to date. There is no information about changes in business strategy or operations, nor about subsidiaries or previous companies founded by its founder. Arcadian Networks specializes in connecting clients with skilled freelance IT professionals, facilitating access to services such as web development, software development, database management, and cybersecurity. Their platform allows businesses to post project requirements and search for freelancers with the necessary skills, addressing challenges in hiring IT professionals like time constraints and skill mismatches.

This service targets a diverse clientele, including small to medium-sized enterprises (SMEs), large corporations, and individual entrepreneurs across Europe, North America, and parts of Asia. The company's revenue model is based on transaction fees from successful freelance engagements facilitated through their platform. Clients are charged a percentage of the total project cost once a freelance agreement is finalized, providing a sustainable income stream. Additionally, the platform may offer subscription plans for enhanced project management and candidate evaluation tools, creating a mix of one-off transactions and recurring subscriptions that support both B2B interactions and direct consumer engagement.

Following the recent raising of USD 30 mn in May 2007, Arcadian Networks Inc. plans to invest in developing new products to enhance their platform's capabilities. They aim to expand their services into additional geographic markets, focusing on Asia and South America by the end of 2008 to capture emerging opportunities. The funding will support these initiatives, allowing for the development of new features that streamline the hiring process and improve user experience.