Given high penetration rate, almost no new name or new product business. Company lives on term license renewals and locked-in customers.
Products completely outdated. Technology is from the 80th, mainframe, thick client, GUIs look awful. New technology exists on powerpoint only. Contrary to public announcements, no serious cloud offering as products are monolithic.
Since private equity took over no investment in products. Experienced staff got replaced by juniors in Asia.
Extremely high staff turnover. 20% overall and 30-40% in sales. Customers fed up with constant change in go to people.
Every fiscal year (end of May) the company gets reorganised. Opportuntity for few bootlickers.
No company culture. People stick to their heritage as the company is made up of ten acquired companies.
Extreme internal politics. When you speak up and have your own opinion you are out.
Completely unrealistic revenue targets set by private equity owners to squeeze to the max.
Customers fed up with product quality and months/years of fixing cycle.
Hard to get a pay rise ever, bonus getting small and rare compared to former years.
In sales you either have a lucky punch or you are out. Many within the first year, almost everyone within 2-3 years. Commission rates are well below industry average with lots of penalisation for market usual terms and conditions.
Restructuring after Misys and D+H merger will lead to thousands of jobs being cut to keep high profit margin.
Google credit rating reports. Company is extremely leveraged, moon high debt, lenders dictate the (cost cutting) strategy.
Managers are just muppets.
