• The product, or platform I should say, is far behind the market and data industry overall. Even with a large budget increase in marketing, Some of which is questionable and hovers between the line of true and false. The company is struggling to make sales and compete. TCO in actual field results is much higher than advertised.
• The C-level staff has gone through and almost 100% change and it’s all Danish at this point. In recent months C-level has changed again or been eliminated. Very poor true global representation for a data company. That many C-level changes in the last couple years is another sign of a bad situation.
• Regional Politics rule. The Danes rule all, all other regions are talked to in a way that ‘markets’ the regions to be global, but in a financial sense they are treated as outsourced arm. Yes, privately held seems to represent the company as a long-term career value and advantageous to companies purchasing the software, but that is not true. In this case private holds this company back because they are not truly accountable to the market.
• Partner and Professional services are basically a ‘set it and forget it’ in common practice. DO NOT accept a job in these areas as turnover (people leaving or getting fired) is very high. These areas are far from market standards and very politically judged as well. Furthermore, the leadership or lack thereof is truly the worst I have ever seen. It would not surprise me if services are ultimately eliminated at some point as the belief is Partners are going to make this company grow exponentially faster, but the numbers are falling all over. Yes, another bad sign for a company out of touch as other companies have reversed course or at least balanced partners.
• In professional services, going from over 26million to ~11 million in revenue in basically 6 years shows that. The loss of people (from over 100 to less than 60 in the US) also shows poorly.
• Sales is a revolving door of both people at leadership. Be smart enough to know that if good sales people are not sticking around, at a software company that is always a bad sign! Quota's will be unachievable and the "list" price for the software quickly puts the AE's in a losing situation. They have been through several VP of sales leaders in recent years. The Account management function is almost non-existent and a revolving door as well.
A company that’s long past the actual demands of the market they exist in. I really encourage you to not believe in the positive posts and take a deeper look at what is really going on with the company internally and in the market. My hope is this real post helps someone out there. There are much better options for your career in the data space.
The Data ‘world’ will be fine and grow. The more streamlined and agile approaches to true business needs will continue to blossom. Stibo Systems has MDM capabilities; however, the product is too big and TCO during the actual implementation in the field far exceeds the consumer and industry demands. Furthermore, the support to customers is based on software support of 20-30 years ago and far behind what customers expect in this modern age. Sure, a sale here and there will happen, but it is far from revolutionary and what the market needs. That is especially highlighted with the current Forrester and Gartner reports.
All said, this company will continue to exist and make some sales. However, it’s far from revolutionary and ‘game’ changing. Even companies like Reltio, Box, MuleSoft, Salsify, Talend and Collibra are continuing to invade the space this company operates in. All the while providing better value and ROI overall.