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Selectica Reviews

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3.5
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Patrick Stakenas
1 Rating

42 Employee Reviews

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  1. "Good place to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I worked at Selectica full-time

    Pros

    People/teams are very easy to work with

    Cons

    Quality of the products can be better


  2. "Good product little promise."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Mateo, CA
    Former Employee - Anonymous Employee in San Mateo, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    - Great people (However most of them are long gone in the writing of this review)
    - Product is great (If implementation and practice are executed correctly)

    Cons

    - No perks (Boo. Seriously for tech company how do you expect to make people happy?)
    - No sense of a real 'Tech' office environment (Working remotely is great but having a cool fun office definitely makes people more productive and enjoy their experience)
    - Random promotions or advancement
    - No clear growth in career path
    - Teams were never really aligned
    - Engineering to Silo'd. Hard to interact with and/or get the proper information from

    Advice to Management

    - Fix the software rather than focusing on all the M&A
    - Base the road-map on real pain points from customers
    - Have in-house engineering
    - Have REAL perks to keep people happy, productive, and excited about Determine! Show some initiative to retain good talent. Being in Silicon Valley, that is a HUGE part of being a competitive company in the IT space

  3. "Product Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Product Manager in San Jose, CA
    Former Employee - Product Manager in San Jose, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Selectica full-time (More than 8 years)

    Pros

    Fantastic people, fantastic product, great work culture, you'll make lots of friends very quickly.

    Cons

    No sense of direction. Started successfully as a CPQ company, then tried a few tricks to simplify the admin interface instead of focusing on full function capabilities and every attempt failed. Bought a CLM company, great mid-market product but did not scale for enterprise customers. Company pivoted from CPQ to CLM, then tried to focus back on CPQ, and abandoned it again. Then bought a Procurement company and then a revenue management company. No idea where it's headed but somehow seems to survive in the market.

    Advice to Management

    Slow down, fix the big problems, stop rotating the c-level management every 2 years


  4. "Will see next year"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Interesting future product roadmap if it all can come nicely together

    Cons

    Poor management
    Sense of urgency everywhere

    Advice to Management

    Spend more time retaining employees


  5. "Awesome Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Really awesome company. Good people. Good work.

    Cons

    I can't think of any downside of working there.


  6. Helpful (3)

    "Spinning executive doors"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Mateo, CA
    Former Employee - Anonymous Employee in San Mateo, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Selectica full-time (More than 3 years)

    Pros

    Full blown CLM system but seriously needed an update

    Cons

    Continued executive leadership revolving door. Efforts to keep revenue level has been done by acquiring companies that adds to year over year total revenue but actual core business is flat .

    Advice to Management

    Update core CLM with are-write.


  7. Helpful (7)

    "So Much Potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Selectica full-time (More than 3 years)

    Pros

    As many have said, the lower ranks in the company are filled with highly intelligent, friendly people who have a passion for what they do.

    The product itself has great potential and there are a huge amount of plans to make it even better.

    The workplace offers a great deal of flexibility between working from home and working in the office.

    Cons

    However, the road to greatness is mired by inexperienced Senior Management and some key personnel who seemingly have a supernatural lock on their job even after a very long track record of failure.

    This inability or unwillingness of Senior Management to remove or reassign these personnel results in disillusionment among the employees around them and this in turn causes turn over and apathy.

    There have been so many broken promisses of change and a "return to glory" that it has made long term employees indifferent to the honeyed words of bungie managers.

    The spirit of this company seems broken. And all the promises that the past has been a bad dream loose their power to heal when you can still see the monsters hiding under the bed.

    Advice to Management

    Recognize the bottlenecks in your organization.

    Make small, short term promises to start. Then once you have a proven track record of delivering on your word, then your grandiose future plans will carry a lot more weight.

    I honestly wish Selectica a happy and profitable future. I know with the right leadershoip, the potential can be realized.

  8. Helpful (11)

    "Finally heading in the right direction"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Selectica full-time

    Pros

    The promotion of Patrick Stakenas in June 2015 to CEO has already changed the company and sales have significantly turned around in last three quarters. The new CEO is focused on product quality (specifically CLM) and removing any roadblocks to achieving significant changes in this area. Employees are once again buzzing about our potential. Also, the upcoming P2P acquisition of B-pack will make Selectica a powerful player in the sourcing and procurement market.

    Cons

    The last year at Selectica has been a real challenge. The CLM technology has dragged down the company financially and many employees were let go due to cash flow issues despite the positive cash flow contributed by Iasta acquisition. The technology team was protected by the former CEO and that team's performance is the critical roadblock to future product improvement. The new CEO has promised product quality will be his primary focus.

    Advice to Management

    Please follow through on your promises to changing the quality of the CLM product. We cannot move forward without significant changes in current development / technology team and leadership.


  9. Helpful (1)

    "Decent place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Selectica full-time

    Pros

    Good work/life balance. Can work from home fairly often. Some really great individuals who are committed to getting things done.

    Cons

    Really mediocre work environment in the office. Unclear how professional development is looked at from management, there's very little in the way of formalized HR.

    Advice to Management

    Focus on retaining and developing employees. Clearly communicate what the true business objectives are to the employees.

    Selectica Response

    Apr 26, 2015 – HR/Accountant

    Thank you for your thoughtful feedback. Your readers may not be aware that Selectica merged with a great company (Iasta) about 9 months ago and recently acquired a second company in our space... More


  10. "Transitioning from on-premise highly customized software to a SaaS model."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Approves of CEO

    Pros

    Small company, work hard but lower stress than many this size.

    Cons

    Stock in the tank, benefits overall were just OK.

    Advice to Management

    Cut the cord and sell the legacy business to a Wipro-like consulting organization and focus only on SaaS.

    Selectica Response

    Feb 4, 2015 – HR/Accountant

    Thanks! I agree that Selectica stock is not trading at anywhere near its potential value and we are very confident that the moves we are making now will change that. A stock being 'in the tank' is... More


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