Short-termism in the extreme - Anonymous employee Valsoft Employee Review

Acquired by Valsoft who made a bunch of promises about how we would be invested in, have opportunities to collaborate with other businesses in the group, were family and would be given autonomy. This is a complete fantasy. All that is important is this years balance sheet, there is zero understanding of how software companies work and management actively try to push quality people away to save pennies. Valsoft have repeatedly broken multiple companies and refuse to learn from their mistakes, then wonder why they are constantly firefighting. Management joked how they went with a trademarked name so they could con people into thinking they were part of that organisation. Said "all your jobs are safe" and then a month later were asking who they could get rid of. Salaries are poor with little/no other benefits, increase caps are in place so if you are at the beginning of your career you get screwed. Management is a boys club, so if you an outsider forget about career advancement. Zero useful communication from management, any meetings involving the group's leadership is a disaster (level of un-preparedness is borderline unprofessional). If you have any desire to create anything in the long term this is not the place for you. If you get acquired by this crowd, run. Complete house of cards.