Excerpt from: Technology Investors
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| July 19, 2006 | | Investment to Fuel HotGigs' Rapid Growth as the Leading On-Demand Staffing Exchange for Contract and Full-time Resources | Updata Partners recently completed a $5.3 million Series A round of financing with HotGigs, the only On-Demand Staffing Exchange for both contract and full-time resources. This marks the first round of outside equity funding for HotGigs, a company that is rapidly gaining prominence for its powerful business-to-business Staffing Exchange and related Software as a Service (SaaS) offerings. HotGigs will use the funding to expand its management team; scale its employee base; develop new product/service offerings; and launch significant national sales, support and marketing efforts. Commensurate with the funding Rich Erickson and Conor Mullett have joined HotGig's board of directors.
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