Pros
The working environment for developers whether inexperienced or more advanced is excellent. It is a truly collaborative atmosphere with a collective approach to make a success of every project. Existing staff are all very bright and tend to be experts on their areas, yet are always keen to help, explain, spread their knowledge, but also to learn from new things. When things go wrong there is a all hands to deck mentality rather than a blame culture. As a developer there is a lot of freedom in how you do things. A good work/life balance is encouraged with flexible working, hours and working from home options. The product is a very stable and mature with good capabilities. Very good relations with clients many of which have been with the company for years.
Cons
Limited maintenance and development of the core product framework. Lots of plans to improve things but these never get anywhere unless there is a crisis. Struggle to improve processes and learn from previous mistakes. Unfocused management and lack of clear business strategy - constant strategies are proposed but are often abandoned as soon as something non-strategic comes along. Overly centralised and bureaucratic - any decision of substances must be taken by the CEO. Poor and unstructured development tools and environment means that a large part of development time is spent on getting builds to work, sorting out issues with development environments rather than writing code. Pay is average with virtually no advancement options and limited discretionary compensation.