Field Nation

Field Nation is an online matching service for IT contractors and other freelancers.[2]

Field Nation
Type of businessPrivate Company
Available inEnglish
Founded2008
Headquarters
Minneapolis, MN
,
United States
Key peopleMynul Khan CEO
Industry
  • Internet
  • Freelance Management System
  • Field Service Marketplace
Employees200 (2019)[1]
URLwww.fieldnation.com
CommercialYes
RegistrationRequired
Current statusActive

History

In 2004, Field Nation CEO Mynul Khan began developing a web-based platform for a single client to manage the outsourcing of their IT work. The platform soon began generating 3 million in revenue, and in March 2008 Khan launched Field Nation. Within 2 years Field Nation broke even and by 2014 posted more than 60 million in revenue.[3][4][5]

In May 2015, Field Nation acquired its direct competitor, Field Solutions. As of the date of the acquisition Field Nation employed over 150 people.[5][6] 400 million dollars revenue generated in 2016. The platform has more than 100,000 signed up technicians.

In September 2015, Field Nation raised 30 million dollars in venture capital, led by Susquehanna Growth Equity, a subsidiary of Susquehanna International Group.[7][8]

Software

Field Nation matches contract IT and other freelancers with corporate clients through an online marketplace made up of 100,000 service providers.[9] Businesses use Field Nation's software to manage independent contractors, existing employees, or both.[10]

Service providers create a profile listing their skills, experience, relevant licenses, background checks, security clearances, and performance rating. Information can be entered manually or imported from other social platforms such as LinkedIn.[3] The Field Nation mobile app provides real-time work order tracking, ability to negotiate counteroffers, access to payment history, signature capture, and uploading of documents.[11]

Recognition

Field Nation has ranked two years in a row in the Inc. 500, a list of the fastest growing companies in America. They were ranked 43rd in the United States in 2013 and 445th in 2014. They were ranked 4th fastest growing company in Minnesota in 2014.[12][4]

Field Nation was recognized by the Minneapolis/St. Paul Business Journal as one of 2013's Fast 50 companies. The list features the fastest growing private companies based on revenue growth. Field Nation was ranked Minnesota's 2nd fastest growing private company.[13]

CEO Mynul Khan was named 1 of 10 Minnesota business leaders to watch in 2015 by the Star Tribune.[14]

Field Nation received the 2015 Tekne award for IT services awarded by the Minnesota High Tech Association (MHTA).[15]

Named to Star Tribune's 2017 list of top places to work. [16]

References
  1. Nelson, Todd (November 10, 2019). "New CFO sees 'huge untapped market' for Field Nation". Star Tribune.
  2. Neil St. Anthony, "Field Nation Receives 30 Million From Susquehanna Growth Equity", Sept. 18, 2015. Retrieved Dec. 2, 2015.
  3. Kenzie Zimmer, "Field Nation Helps Connect Employers and Contractors","Twin Cities Business Magazine", April 23, 2013. Retrieved May 23, 2015.
  4. “Field Nation Profile”, “Inc. Magazine”. Retrieved May 23, 2015.
  5. Katharine Grayson, “Field Nation Snaps Up Twin Cities Competitor Field Solutions”, “Minneapolis St. Paul Business Journal” May 18, 2015. Retrieved May 23, 2015.
  6. Andrew Karpie, “Field Nation Acquires Field Solutions: Background, Analysis, and Commentary”, “Spend Matters”, May 18th, 2015. Retrieved May 24th, 2015.
  7. Mark Reilly, "Field Nation Lands 30 Million in Funding, Will hire 100+","Twin Cities Business Magazine", Sept 10, 2015. Retrieved Dec. 2, 2015.
  8. "Susquehanna Growth Equity Leads $30M Investment in Field Nation". Wall Street Journal. 2015-09-10. ISSN 0099-9660. Retrieved 2020-10-23.
  9. Neil St. Anthony, "Field Nation Receives 30 Million From Susquehanna Growth Equity", Sept. 18, 2015. Retrieved Dec. 2, 2015.
  10. Andrew Karpie,"Field Nation Introduces a 'Complete' Comprehensive Field Workforce Management Solution", "Spend Matters", Oct. 26, 2015. Retrieved Dec. 12, 2015.
  11. Kaitlyn Hall, “Field Nation Launches Android App”, “SMB Nation”, February 2, 2015. Retrieved May 23, 2015.
  12. Editors of Inc., “2014 Inc. 500”, "Inc. Magazine", Retrieved May 23, 2015.
  13. Kim Johnson, “Fast 50 2013: Minnesota’s fastest-growing private companies, “The Minneapolis/St. Paul Business Journal”, October 23rd, 2013. Retrieved May 25th, 2015.
  14. “Innovators, change agents, entrepreneurs: Here are 10 Minnesota business leaders to watch in 2015”, "Star Tribune" January 4, 2015. Retrieved May 23, 2015/
  15. “Fifteen Minnesota High Tech Innovators Honored at Annual Tekne Awards”, “Minnesota High Tech Association” November 19th, 2015. Retrieved Dec 2, 2015/
  16. "Top Workplaces", "Star Tribune" June 2017. Retrieved July 4, 2017
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