7 ms·

A few questions: * What's the likely outcome for employees? * Who was the previous owner? * How much did it sell for? * Are operations in specific regions l

by brepl 9y ago

A few questions: * What's the likely outcome for employees? * Who was the previous owner? * How much did it sell for? * Are operations in specific regions likely to be shut down or sold off?

cnorthwood 9y ago
I believe that the previous owner was the founder, Roy Singham: https://en.wikipedia.org/wiki/Neville_Roy_Singham https://en.wikipedia.org/wiki/Neville_Roy_Singham. Also of interest: https://martinfowler.com/bliki/RoysSocialExperiment.html https://martinfowler.com/bliki/RoysSocialExperiment.html
- hinkley 9y ago
  Quite illuminating. It also reminds me how long they've been around. He's 63, he built a company and learned what he wanted to learn, time to live on a beach and let someone else sweat the small stuff.
topeka2 9y ago
According to sources, there will be no changes for employees. It was Neville Roy Singham. Not informed. Everything was sold.
- hinkley 9y ago
  Someone who puts that kind of money down to buy a company is going to want to have a say in how it's run. The second rule of buyouts is that everything will change in the second fiscal year. They won't tell you NOT to do something, they just won't give you any budget for it. The first rule of buyouts is that the promises always come from someone who isn't in a position to back them up (like the old owner, or your boss's boss, who only have a single seat on the board between them).
- gaius 9y ago
  there will be no changes for employees Having been through multiple acquisitions of small companies by (much) larger ones... they ALWAYS say this. The person saying it might even believe it themselves. But in a year's time that person will have moved on to the next acquisition and you will be reporting to a regular manager in the parent org who doesn't understand - and wouldn't care even if they did - why you are "special", why you should be treated differently or have more latitude or more perks or a different office than the regular staff. Then the change will happen overnight.
ericksoa 9y ago
Professional services isn't a complex business model. The likely outcome now is what it has always been: - Do you bill? Cool. You're good - Do you sell? Cool. You're good If you do neither of those things, you've likely been under pressure anyway, as the business model of PS companies is to minimize operations and reduce the ratio between ops and professional services on an ongoing basis. New owners will not likely change that dynamic. Based on what is known, the new owners are buying for growth, which means you cut costs that should be cut and use the savings to fund initiatives that lead to growth, such as expanded offerings that allow you to reach new customers and grow the company faster.
- nunez 9y ago
  Do you sell and hit your numbers? Otherwise, you're not good..m

by brepl 9y ago

A few questions: * What's the likely outcome for employees? * Who was the previous owner? * How much did it sell for? * Are operations in specific regions likely to be shut down or sold off?

cnorthwood 9y ago

I believe that the previous owner was the founder, Roy Singham: https://en.wikipedia.org/wiki/Neville_Roy_Singham https://en.wikipedia.org/wiki/Neville_Roy_Singham. Also of interest: https://martinfowler.com/bliki/RoysSocialExperiment.html https://martinfowler.com/bliki/RoysSocialExperiment.html

hinkley 9y ago
Quite illuminating. It also reminds me how long they've been around. He's 63, he built a company and learned what he wanted to learn, time to live on a beach and let someone else sweat the small stuff.

topeka2 9y ago

According to sources, there will be no changes for employees. It was Neville Roy Singham. Not informed. Everything was sold.

hinkley 9y ago
Someone who puts that kind of money down to buy a company is going to want to have a say in how it's run. The second rule of buyouts is that everything will change in the second fiscal year. They won't tell you NOT to do something, they just won't give you any budget for it. The first rule of buyouts is that the promises always come from someone who isn't in a position to back them up (like the old owner, or your boss's boss, who only have a single seat on the board between them).
gaius 9y ago
there will be no changes for employees Having been through multiple acquisitions of small companies by (much) larger ones... they ALWAYS say this. The person saying it might even believe it themselves. But in a year's time that person will have moved on to the next acquisition and you will be reporting to a regular manager in the parent org who doesn't understand - and wouldn't care even if they did - why you are "special", why you should be treated differently or have more latitude or more perks or a different office than the regular staff. Then the change will happen overnight.

ericksoa 9y ago

Professional services isn't a complex business model. The likely outcome now is what it has always been: - Do you bill? Cool. You're good - Do you sell? Cool. You're good If you do neither of those things, you've likely been under pressure anyway, as the business model of PS companies is to minimize operations and reduce the ratio between ops and professional services on an ongoing basis. New owners will not likely change that dynamic. Based on what is known, the new owners are buying for growth, which means you cut costs that should be cut and use the savings to fund initiatives that lead to growth, such as expanded offerings that allow you to reach new customers and grow the company faster.

nunez 9y ago
Do you sell and hit your numbers? Otherwise, you're not good..m