Growth model is now 100% acquisition which is... | Progress Software Reviews

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Current Employee

1.7

Nov 1, 2024

Growth model is now 100% acquisition which is inherently at odds with sales. Virtually all margin gets allocated that purpose vs. investment in products. Annual re-orgs to "integrate and align" acquired products into the portfolio means the vast majority of turnover is in the form of layoffs rather than quota shortage. Progress has a stated goal of reaching $1B annual revenue ASAP, via acquisition. This means that rather than growing core business, the business is set up to funnel cash upward to senior C-Suite and board. In 2023, Circle of Excellence trips were replaced by RSU awards that take 3 years to vest. Between the core product being a 40 yr old database, the accelerated acquisition strategy and lack of product investment, the portfolio is a mish-mash of antiques and misfit toys. This means the sales org exists to bleed revenue off existing customers and mitigate attrition for as long as possible. On the positive side, it's a low pressure environment.

2 Useful

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Current Employee

2.9

Jul 25, 2023

Minimal product investment. Pure M&A growth model. Recently nixed the COE trips in favor of RSU's (much to the dismay of many).

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Current Employee

2.4

Sep 10, 2024

My overall experience was mixed. Progress has a financial driven culture, not a sales culture. Upper management keeps changing every year in sales which throws everything into chaos. Lots of spreadsheets, big brother and counting things, meetings, calls, etc.

1 Useful