Velti

www.velti.com
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1 person found this helpful  

Velti Management

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Manager in Atlanta, GA
Former Employee - Manager in Atlanta, GA

I worked at Velti full-time (more than 5 years)

Pros

No pros to speak of.

Cons

The most poorly managed company I've ever been associated with in my 25 year career. They didn't make decisions, didn't communicate, didn't settle on strategy, continually changed business models, re-organized the divisions every 3 months, wasted tens of thousands of dollars in needless travel, and then wondered why they were not realizing revenue.

Advice to ManagementAdvice

Be grateful to be one of a very few big players in the market. You can't help but stumble over business.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

88 Other Employee Reviews for Velti (View Most Recent)

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  1. 3 people found this helpful  

    A company that does not know its course.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President, Sales in San Francisco, CA
    Former Employee - Vice President, Sales in San Francisco, CA

    I worked at Velti full-time (more than 3 years)

    Pros

    A wide array of products in the mobile space. Worldwide projects.

    Cons

    Very poor data. Every project is a soap opera. Constant over promise and under delivery.

    Advice to ManagementAdvice

    Pick a course of action and stick to it.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 4 people found this helpful  

    Poor. Lack of clear strategic view.

    • Comp & Benefits
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

    I have been working at Velti full-time (more than 3 years)

    Pros

    Hot industry. Great new offices in SF and New York.

    Cons

    Lack of clear vision of where they need to be in the industry. No real Val prop or differentiator. I've been there a year and still have not seen the mgage product. No consistent pricing strategy. Everyone is nervous about their jobs after a round of layoffs last week. Wall St is not looking favorably on Velti as they blew through a significant amount of their cash reserves in 6 mo's resulting in their stock falling about 50%. Too high a concentration of rev's coming from overseas on mobile practices that would not be approved by carriers or MMA here in the US. Two business units that effectively compete against each other in the US.

    Advice to ManagementAdvice

    Stop trying to put new lipstick on the same pig. Performance pricing will not work and is risky as it is too easy for a competitor to price at cost plus and not value, which is what performance is.

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