Pros
If your c level or high level management this might be a good place to spend a year or 2 collecting a check.
Cons
Everything, and I mean everything, positive about Conga was eliminated in the acquisition by Apttus. They immediately eliminated all the perks and appealing benefits on day 1. They also cancelled our 401k with no option to replace or enroll in a new plan for 2 months. They paid out peanuts for our options and did everything they could to try and convince people that it was actually good for them. Um, no. People aren't stupid. Just own it and move on. It was pretty clear that one of the biggest parts of the negotiations of the buyout centered around how best to ensure the actual employees of the company received NOTHING for their options and hard work. Only investors and the CEO. The Conga CEO then proceeded to tell everybody about his big promotion to the Apttus board and how proud of himself he was and that he hoped everybody else was real proud of him, also. He said this while knowing none of us were receiving anything of value for our own options AND knowing that Apttus was going to layoff hundreds of talented, hardworking US employees to be replaced with cheap, outsourced labor. The utter lack of empathy, common sense and human decency from this CEO is mind boggling. Congrats! You get to buy yourself a new sports car or summer house while hundreds of your hardworking employees get fired during a pandemic. The new executive team comes in and immediately blows a lot of phony smoke about how much they value people. How they're all about the people. How its 'people, people, people' they care about and how this merger is all about being "better together". They then refuse to tell anybody who's getting laid off for 2 months while they "listen and learn" just keeping everybody in a limbo state with slashed benefits and no retirement plans. What were they learning, you ask? Great question. Nobody knows. They spent 0 time talking to any employees or low level managers who would even have a clue about who is/was/could be valuable. They spoke to a couple VP level managers and that was it. They then handed out their layoffs with a paltry severance. They held numerous all-hands types of meetings to say basically nothing during this phase except how important the people were. They did this while making constant cringe worthy jokes among themselves while chuckling like giddy school kids. Here's a hot tip: If you care about 'people' don't laugh and make jokes for 2 months while talking about how you are trying to figure out who gets fired. There has since been a max exodus of the talented people who survived this layoff just further emphasizing how incompetent this 'learning' phase was. There were people who in all likely hood may have stayed on for awhile but since they made no efforts to even engage with anybody on a personal level they had no way of knowing that and just picked people randomly out of a hat to fire. For anybody who did survive and actually decides to stick around it is just a waiting game until they are replaced by cheap outsourced labor in the future anyways. There is no focus on quality for their own products and it is going to be a shame to watch all the old Conga products get the same treatment and suffer considerable quality downgrades over time. You can fully expect to see a lot of churn from this in the next few years as old clients get fed up with the new reality. So, after firing tons of people and then watching all the talented ones who survived start quitting in large numbers you might ask what exactly "better together" means. What was the true reason for this buyout? Pretty clearly it was to escape the past. Apttus as an organization has an absolutely disgusting past riddled with sexual assaults, harassment and toxic leadership and management. Go google some of the articles about the founder and some of the original 'leaders' of this company. It is revolting. Now, the old guard was forced out a new team of execs were brought in. What would make talented leadership want to run for a company in a state like this? Well, I'd say that question answers itself (no true leaders would run to sign up and be a part of this sinking ship). So, you have a bunch of 'leaders' who don't care about people, quality or anything else. They're there to try and salvage something for the investors and get themselves a nice little payout in the process. First step, buy out Conga and assume the Conga name and brand. They've now shed themselves of the tainted Apttus name/brand. In the next year or so you can expect for there to be a big rebrand in addition to this to try and further remove themselves from that checkered past. This might fool a few clients and potential employees but most people can use Google and can read. That might come as a surprise to upper management, though. After this big rebrand, they will double down on sales and expensive conferences blowing what money they have left while continuing to not invest in quality or their products. The ROI on this will be next to nothing as by then the word will be out on the poor quality of the products they took over and clients will be churning left and right. Eventually there will be a fire sale to ensure the investors get something before its too late. Employees will get nothing again, but at this point you'd have to be crazy to want to stick around on this ride to the end. If you are somebody looking for a job or new opportunity and somehow end up looking at Conga/Apttus, take some advice and turn around and run the other way. Run as hard and as fast as you can and just when you think you cannot run any longer and your sides are splitting from the effort...dig down deep and run a little bit farther. This is what "people" with integrity and spirit that make great employees do. If you lack those things then by all means sign up for Conga/Apttus as you will fit right in with the culture they're fostering.