Pros
Compunetix is a great place to work if you are in your mid-late thirties and have a family. They provide a relaxed work environment with good job security. A lot of the employees have been working there for 10+ years. You can ride this company out until you keel over if you want to. Overall, it's a nice place to work, but I can really only speak about software engineering. It's pretty laid back and they don't require too much of you. Also, they have free coffee -- it ain't the greatest, but I'm not about to turn away free.
Cons
Management does not have a firm grasp of the software development process. This is probably their biggest weakness. Most project managers know nothing about software, yet their projects are 95-100% software development efforts. If you are wondering how you can effectively manage a software project with absolutely no knowledge or understanding of the software development process, well.. you can't! They don't push their employees. Employees don't work very hard -- to the point where this is part of the culture. Employees are not pushed to learn and grow as software developers. Minimal effort is acceptable, and often preferred, even when it leads to larger, more time consuming problems in the long run.