Run fast from this company - Anonymous employee Verivo Employee Review

1.0
13 Nov 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Some really smart and talented individual contributors. Nice office space and gym.

Cons

I honestly don't know where to start. The company decided to reinvent itself with essentially no solid go-to market execution strategy. The market research just wasn't there, and the forecast for market demand and sales were ill planned. As a result, the company has not sold one license all year (unless you count a $5k pilot and even that prospect/client opted for a competitor's solution) and it's existing client base is terminating legacy licenses faster then the business can keep up. The sales team has turned over multiple times in three years and the current sales leadership does not have a sales background. Company is heavy on high paid senior and middle management who have demonstrated no results - literally none. Couple that with a few years of poor business planning, hemoraging cash and lots of dead weight and it's no surprise Verivo is in such dire straits.

Explore other reviews about Verivo

5.0
27 Sept 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

good upraises healthy environment nice team work

Cons

too stringent on pay none

3.0
26 July 2013
Recommend
CEO approval
Business outlook

Pros

Some very smart and talented people; gives its employees tremendous opportunities to learn and grow in an in-demand industry; does a good job of recognizing talent and promoting from within; benefits are pretty good; a beautiful office; the small-to-mid-sized software company culture. If you're looking to break into mobile and want the small start-up software company feel (and are willing to accept the significant risks that go with it), the company could be a good choice.

Cons

Company faced significant turnover and was forced to have layoffs after it's last major software product steadily became irrelevant (the new office is now half-empty as a result). In fairness to management, they recognized the problem before the company became totally unviable, and the company is now in the process of reinventing itself with its next-gen product, named 'Akula'. Will the product be successful? The jury is out, and if the answer is no, all employees will soon be out of a job. As a result, I can currently only recommend it to people who don't mind driving fast and taking chances. The CEO is smart and talented, but seems to have only passing control of overall product direction, which suffers at the hands of a disjointed product management process that seems to struggle with mapping software development tasks to actual customer needs. Starting compensation is competitive, but doesn't seem to keep pace with the industry as careers progress. This seems to be an issue at a lot of companies, though.

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