The site acts as an intermediary for companies that want to hire consulting firms for software development work. IT managers can create a project prospectus online, detailing the project, the budget, and the time constraints.
Managers can look online to see their bids and accept an offer.
The company has only 10 customers so far, including Inonmedia Corp., an Internet marketing company in Kingston, Ontario. Inonmedia marketing director Kenneth Paul wanted someone to help develop games and interactive ads, a small development project that large companies might not want. Paul also likes the idea of a third-party review of his requirements posting. Sachar says he's secured his first round of funding from an undisclosed independent investor and is in talks with other venture-capital firms. He also wants to add functionality that would let managers track the IT skills within their companies.