Velti - Poor. Lack of clear strategic view. | Glassdoor
There are newer employer reviews for Velti
There are newer employer reviews for Velti

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Helpful (4)

"Poor. Lack of clear strategic view."

Star Star Star Star Star
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
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 Management

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.

Other Employee Reviews for Velti

  1. Helpful (1)

    "Unlimited Potential"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Approves of CEO

    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 Management

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


  2. Helpful (3)

    "Could be better, look elsewhere"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Disapproves of CEO

    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 Management

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

There are newer employer reviews for Velti
There are newer employer reviews for Velti

See Most Recent

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