Brightfield Plans to Ramp Up Platform Rollout Following Latest Investment

FusionOps funding

Consultancy and data services company Brightfield Strategies, which specializes in workforce solutions, announced this week a recent private placement investment that will help the company speed up its rollout the company’s member-based data analytics platform Talent Data Exchange (TDX). The solution aggregates data on employees and nonemployees and helps companies to establish market rates for their contingent workforces.

The Brightfield investment came from Gary Nelson, a founder of multiple staffing firms, including Nelson Staffing and iWorkGlobal. The exact sum of the investment was not disclosed, but Brightfield called it “significant.” In a statement, Nelson said TDX had already proved to a “groundbreaking” solution.

“TDX is a game changer destined to solve the long standing data and information gap, and I couldn’t be more pleased to invest in its continued growth,” Nelson said.

Brightfield Co-founder and President Jason Ezratty called Nelson a “perfect growth partner” for his company. The investment also came at a key time for Brightfield, as it will soon be celebrating its 10-year anniversary, a news announcement stated.

Spend Matters Director of Research Andrew Karpie also thought the news was noteworthy, given Brightfield’s growing reputation in the contingent workforce solution space.

“Brightfield continues to grow and reinforce its position as the leading consulting firm in the contingent workforce space,” Karpie said. “The combination of an elite team of industry experts and the development of the big data and analytics platform, TDX, distinguishes Brightfield as a next-generation consulting business, offering both data-based consulting and data-based, business-support information that clients can consume directly."

Brightfield also recently announced its partnership with contingent workforce solution provider Beeline. The partnership combines Brightfield’s TDX with Beeline’s vendor management system (VMS), improving market data for Beeline VMS users. Prior to that, Brightfield also entered into a partnership with VMS provider IQN.

“This partnership aligns with our vision to help TDX members and subscribers improve the competitiveness of their contingent workforce programs,” Ezratty said in a statement. “From modeling and analytics, to management consulting, each bit of data we collect provides revealing insights about quality of talent, process efficiency, and spending behavior.”

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