Velti

  www.velti.com
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2 people found this helpful  

Dysfunctional & Fragmented

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Director of Sales  in  New York, NY
Current Employee - Director of Sales in New York, NY

Pros

Interesting industry and good office locations. Potential to do interesting work in a high growth sector.

Cons

Zero management direction, communication or respect for employees -- or each other. Completely untrustworthy and unethical. Very unfriendly, unhappy and vicious culture. Constant and visible infighting.

Employees are treated like napkins -- to be used and discarded. Employees get yelled at in the hallways. No career paths or development programs. No cooperation, planning, or coordination within or across functions and business units. Lack of systems or processes. Excessive politics and bureaucracy.

Velti's money is made by selling SMS gamification solutions to mobile operators in -- a murky business that the US heavily restricts. They've purchased a number of companies in an attempt to diversify, but failed to integrate the products or people. No agency or brand has adopted Velti’s self-service platform because it doesn't exist. The product organization is a rudderless, sinking ship.

They are not a network -- InMobi and other mobile ad network leaders don't see Velti as a competitor. The exchange is a mess and losing share. Services lacks defined solutions and project management capabilities leading to overworked employees, scope creep and quality issues.

Advice to ManagementAdvice

Recognize and act on your strengths and weaknesses: you're good at starting a company; you're terrible at running a company. Bring in professional managers who have proven management experience. This is the only way to sustainably increase share value.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

Other reviews for Velti

  1. 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

    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
  2. 1 person found this helpful  

    ok to stay for a while

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

    Pros

    You will meet a lot of great people

    Cons

    Management sucks. They don't communicate much to the team.

    Recommends
    Neutral Outlook
    Disapproves of CEO
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