Stepping stone - Anonymous employee iPipeline Employee Review

Recently and publicly, iPipeline has be acquired by a PE firm with a very heavy financial focus- margin and/or operating income. Which makes sense. They want their money back, and with ample return. As mentioned in previous reviews, seasoned folks are leaving for better, different opportunities. Why not? Labor market is improving. The problem with this is that the company is very small, quality is an issue, workload is heavy, and margins are tight due to fixed pricing models. Precipitating from the recent purchase, an overhead reduction plan was executed (layoffs). The staffing model appears to be to keep a skeleton crew on payroll and augment with contractors when new deals ink, the temp labor then goes away when the projects end. This looks great on paper, but what about quality? As always, from ideal to pragmatic; with the rising tide of the economy, the worker boats will float elsewhere, all while the company is being prepped to be sold to the highest bidder. My advice to the prospective employee: be careful! This is very much an unstable startup company. There's not any room for advancement. From a professional services perspective, you are a revenue generator. Career development is something that management jokes about on a Tuesday afternoon at thier vacation home.