Quest/DSG is but a distant memory now. How are the various BUs doing? I noticed that KACE seems to have had an overhaul - can it now compete with the big boys? What about the DP portfolio - is the DR still on Dell OEM? Has the team managed to find another global partner to take the software on?
11 replies (most recent on top)
It's very true that Quest is now just a job. One key difference is sales vs. R&D. If you're in sales and you make your numbers, it's exactly like any other company out there - you get a check. For R&D, it's very different. Since bonuses are based on EBTDTA and bookings, it's totally outside of their control and since R&D is viewed as a cost by accounting, it's the first place to get cut. With no real leadership (since all of upper management is from sales), it's a downward spiral. You're left with people marking time until retirement and newbies. Overall, it's a paycheck while it lasts.
Quest has been laying off part if it work force at least twice a year since 2008 long before M. Dell and long before it’s current overlords. But lets face it a lot of companies have its just the work place of today. Always keep your skills up and your resume handy if you’r worried.
otherwise Quest is just like anyother company IMHO. pay check, decent benefits, vacation time about what is the norm. Only caveat is if your looking to move up or get company training or mentoring then this is not the company for you.
I never worry about Quest numbers only my own and those numbers will do just fine with or without Quest. Your mileage may vary!
"Francisco Partners are professionals at taking crappy orgs from big companies, polishing them up, and selling them off."
You can't polish a turd...
Francisco Partners are professionals at taking crappy orgs from big companies, polishing them up, and selling them off. With Dell, they were sold a bill of goods. The former head of CA (JS) turned 5 billion in acquisitions into a 2 and some change billion org. Francisco thought they were getting a sweet deal and then looked at the books. Even the "management team" that they used to sell the Attachmate assets to MicroFocus can't turn this thing around. Day 1 they dropped 1/3 of the company with layoffs with no knowledge of anything. Since then, another 25% has either quit or been laid off. It's a skeleton crew waiting or the next kick in the "boys". "Management" is some of the worst that can be found. What's going to be left is a bunch of "developers" in the "least cost provider" countries (Czech and China) with no clue how to deal with the legacy code base since all of the old timers with the "deep knowledge" have moved on to bigger and better jobs.
It's a sad, sad day for some really great tools. IF they had left the teams alone to create the next great thing, they might be ok but they want to manage things to death and they might just as well have signed the death certificate. Francisco is going to be lucky to break even on this folly.
Also Seahawk are trying to refinance their $2b leveraged to buy DSG in the first place and no one is interested. Expect more downsizing as revenues continue to dwindle and bank account drains...
The Moody's report is precisely the underlying reasons Quest cannot sell on it's component units to a new s---er purchaser (at least not for the figures proposed). Micro Focus had expressed interest in some elements of the software business but the figures don't add up.
A middle management cull is anticipated - support is already skeletal in many units and unsurprising staff are leaving like rats from a sinking ship. Discussions have taken place to consolidate the majority of premium support in NA - where the core business was and is. The global strategic low cost centre will be Panama. The luxury 'European languages' support centre in Ireland is pending the severest cutbacks, with it's prime site under consideration of sale and management living on borrowed time.
Not surprised all the eggs in the cloud basket
It will only get worse. Moody's just downgraded them (again) - https://www.moodys.com/research/Moodys-Downgrades-SeahawkQuest-to-B3--PR_383327. Too much debt and no growth (and non plan for growth).
In February they HAVE LAYOFF 60 peoples over 90 in the data protection division (Kace & RapidRecovery)
Way down. They're figured out that the only way to make numbers is to cut costs since they can't figure out how to increase revenues so more layoffs. No big layoffs so they don't have to announce but positions being cut across the board. For those who chose to leave, their positions are gone as well (of if they're filled, it will be in the "lowest cost area").
drip, drip, drip.
some are up, most are down - very down. Don't know about KACE, but DP is almost completely dead. In DP, only the very best (and cheapest ) people survive, though I fear that their time is numbered too. Hopefully they can be brought back into Dell again soon...