Velti

www.velti.com

Velti Reviews

Updated September 11, 2014
Updated September 11, 2014
88 Reviews
2.2
88 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Velti CEO and Director Alexandros (Alex) Moukas
Alexandros (Alex) Moukas
71 Ratings

Review Highlights

Pros
  • Take charge of the full spectrum of mobile marketing tools (in 11 reviews)

  • Location, location, location--close to BART in Financial District (in 4 reviews)


Cons
  • Incompetent senior management and board of directors (in 12 reviews)

  • No career path, skill development, room for advancement, or job security (in 4 reviews)

More Highlights

Employee Reviews

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  1. 3 people found this helpful  

    Could be better, look elsewhere

    • Comp & Benefits
    • Work/Life Balance
    • 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

    Pros

    Location, location, location--close to BART in Financial District. Rapidly growing, up and coming industry. Talented individuals in the lower levels.

    Cons

    Lack of set company culture. Internal communication needs improvement--employees don't know what is going on. Lack of job security--there have been several mass layoffs this year, never know if your job is going to get cut. Seems the bottom line is valued more than employees' well-being. Compared to Silicon Valley companies in the same industry, perks are poor, way below par for some.

    Advice to ManagementAdvice

    Dissatisfied employees isn't going to help your company grow. Employees need to know what is going on and the direction of the company.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Unlimited Potential

    • Comp & Benefits
    • Work/Life Balance
    • 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

    Pros

    The Product and the People make Velti special. This company has the potential to be a major player not only in mobile but also in other technologies.

    Cons

    communication. more team building and training

    Advice to ManagementAdvice

    open up more to the workforce, give them a snapshot of Veltis future, again communication

    Recommends
    Approves of CEO
  3. 2 people found this helpful  

    Exciting ride, typical tech company growing pains

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

    I have been working at Velti

    Pros

    Fast growing company in exciting space
    Customers acknowledge Velti as the best in the business--respect and trust
    Lots of smart people who seem to genuinely like each other and try very hard
    Despite some of the surprisingly negative comments on glassdoor, our office at least is pretty free of politics
    Good opportunities for advancement
    Very low turnover rate from acquisitions. Two in past year and it seems almost everybody has stayed
    Unlike other small mobile companies, this one seems on track to outgrow any short term issues and become a big player

    Cons

    Typical pressures of company on fast growth trajectory: never enough time, people, etc.
    Management systems are still being developed. People who struggle with unbounded problems or need frequent reassurance have a real problem here and should probably apply at HP or Microsoft instead
    Weak HR department means employees feel they don't have a voice with senior management and execs have poor visibility into what's happening in the trenches

    Advice to ManagementAdvice

    You will always have critics and some people are never happy. Probably 85% of the company's employees are excited and engaged. Don't get hung up on the few who are pissed off. Do what you know is right for the good of the comapny while treating people fairly and everything will be fine.

    Recommends
    Approves of CEO
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  5. 6 people found this helpful  

    Velti will probably fail

    • Comp & Benefits
    • Work/Life Balance
    • 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

    Pros

    Location, location, location! Right in downtown San Francisco. Great transportation, great bars and restaurants.

    Cons

    - No planning. There is no annual business plan, which makes it impossible to come up with a departmental plan, yet you are expected to.
    - Worst senior management ever: no communication, no transparency, no fairness.
    - Sales expected to sell product that doesn't exist, Delivery expected to implement product that doesn't exist. Product implementation of what does exist is sloppy.
    - Very bad cross-cultural relationship with HQ in Greece.
    - Performance reviews late, no annual pay increases, stock options not delivered, bills paid late.
    - Seemingly random layoffs of large swathes across the company--two in the last year.
    - Very unhappy employees make for a toxic atmosphere. Even if you are doing work that somewhat satisfies you, it is impossible to be happy at Velti.

    Advice to ManagementAdvice

    Velti needs professional CEO and C-level suite, preferably seasoned people from Silicon Valley. This is a company that has potential to move forward, but not at the state it is in.

    Doesn't Recommend
    Disapproves of CEO
  6. 4 people found this helpful  

    Short Sighted

    • Comp & Benefits
    • Work/Life Balance
    • 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

    Pros

    - Part of the fastest growing industry in technology and marketing
    - Wide range of highly visible clients
    - Has the potential to be a trendsetter in mobile marketing

    Cons

    - Poor management structure in production of deliverable products
    - No Art Director at a company involved with a rich and highly visual medium
    - Unwilling to push technology to where brands can maintain their already developed identities
    - Runs the risk of competing with boutique agencies with similar capabilities and a higher regard for quality
    - Company has been repositioned as strictly a technology solutions provider. This is very short sighted
    - Account Managers unskilled at communicating client needs to Delivery Teams
    - Employees often end up "victims of Velti's success" instead of acknowledged for their work

    Advice to ManagementAdvice

    Better communication would certainly be a start to improving the working conditions at Velti.

    There should be no "victims of Velti's success" and to passively accept that there are, is unethical and exposes a failure in Management. It may be time to restructure. Again.

    Doesn't Recommend
    Disapproves of CEO
  7.  

    Probably the most satisfying professional experience of my career.

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

    I have been working at Velti

    Pros

    Working for an industry leader on a huge growth curve makes this the most challenging yet most satisfying position I've ever held. Company has continued to reinvent itself consistently over the past 10 years, wish I had joined earlier. Compensation is quite good. Diversity in offices across the globe provides daily challenges, inspiration and an opportunity to question one's preconceptions.

    Cons

    Company could plan better. Leadership needs to communicate more info and more often. Administrative and procedural matters need to be solved faster and more efficiently. Rate of growth makes things a bit difficult -- victims of our success -- but it's a scale or die business, this needs to be anticipated and compensated for.

    Advice to ManagementAdvice

    Communication, communication, communication.

    Recommends
    Approves of CEO
  8. 5 people found this helpful  

    Agree with others - Avoid Velti!

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

    I worked at Velti

    Pros

    Some smart indians working there, no compliments for the chiefs
    Close to transport from East Bay, close to BART

    Cons

    Lack of transparency or communications from the top and what is communicated is a rosy picture that doesn't reflect reality. Company is deeply in debt and is pretty corrupt, especially Greek contingent. I was laid off due to a "reorganization" short of my one year anniversay - a way to save paying out the (very skimpy) options employees are granted? There is so much dishonesty and subterfuge here, with Greek executives treating regular employees like slave labor. They just don't get how things work in the usa! Benefits are super bad for SF employees, maybe because they have to provide so many holidays to Greeks! The lying is so obvious and it is so easy to catch them on it. If Velti is a reflection of the Greek economy, it's no wonder it is such a mess!

    Advice to ManagementAdvice

    Need to dump the founders and get professional management who know how to run a company. Founds are inept.

    Doesn't Recommend
    Disapproves of CEO
  9. 5 people found this helpful  

    Agree with previous - Worst place to work - go elsewhere

    • Comp & Benefits
    • Work/Life Balance
    • 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

    Pros

    Good location off Bart in Downtown San Francisco

    Cons

    Complete lack of integrity in the management team; the kind of company where everyone is looking to backstab you. Employees are truly expendable at Velti SF. I started looking for another job after my first week. Absolutely no job security or room for advancement. Complete lack of communication. Everyone's looking out for themselves and there is no support, even from your manager. They don't adhere to standard HR practices of US companies so they fire people for no reason - on a whim. If you can get another job, take it, even if you have to commute! At Velti, you'll be harassed and made to work overtime and then fired. This may look like a good company during the interview process, but it's not. The only people who seem to like it are the newbies who have their first job because they don't know any better. Hopefully they'll get smart and move on! And also the upper management who have options as only management get stock options at Velti. This is really a horrible company.

    Advice to ManagementAdvice

    I don't know - develop some integrity?

    Doesn't Recommend
    Disapproves of CEO
  10. 6 people found this helpful  

    Worst place I ever worked

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

    I worked at Velti

    Pros

    Great industry to be in with potential for a lot of growth. Good client roster that looks like it will grow.

    Cons

    Without a doubt the worst executive management team I've experienced in my 15 years in the business. Complete lack of transparency and communication, often downright lying. Squirrely accounting and theye have stiffed contractors in all parts of the globe, one senior exec remarking that "vendors are a dime a dozen, find another". Huge culture conflict between Greek HQ and US offices. Promised an IPO every month for the six months I was there and now it still hasn't happened and they have just filed an 8th amendment. Just learned they just layed off part of San Francisco and other offices in Dec 2010 and Jan 2011, some of them relatively new hires. US management has adopted the exec management style and are as corrupt and deceitful. None of rank and file were ever happy and everyone was looking for new jobs a month in. Disgraceful, and probably lots going on that wasn't legal.

    Advice to ManagementAdvice

    You will not grow or even sustain yourself in Silicon Valley if you treat people like expendeble trash. Talent will go elsewhere, you need to value employees more and you need to be open in communications and not bend the truth. The US is not Greece so you need to clean up the corruption if you want your employees to stay. There will be an exodus early in 2011 if there is no IPO, especially with the economy heating up. CEO cannot continue to be incommunicado. And we were told we were the next Cisco. Right.

    Doesn't Recommend
    Disapproves of CEO
  11. 6 people found this helpful  

    Could be a lot better

    • Comp & Benefits
    • Work/Life Balance
    • 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

    Pros

    Location (downtown San Francisco)
    Smart and collaborative people
    Interesting and growing industry

    Cons

    Ivory tower style management
    Very poor communications from senior execs...wrose I've ever experienced
    Lots of culture clashing with Greek colleagues, they are very bureaucratic
    completely horible health benefits and no 401K matching
    Hardly any stock optioon grants to employees

    Advice to ManagementAdvice

    Management simoply must communicate more to staff. We are asked to be collaborative and to work across departments, but there is no one setting an example at the top. they sit behind closed office doors. Need to change the culture from "Southern Europe" to "Silicon Valley".

    Doesn't Recommend

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