The company's primary goal is to make large amounts of profit, which is what the CEO has said on multiple all hands calls where he has said he expects organic growth and profitability to be 50% combined. To quote the CEO - "I will never apologise for making large profits for our investors", and he has said that to the business many times now. If they are not investing in products to maintain the profit levels they want, then it makes it very difficult to expect organic growth when your competitors like Microsoft, VMWare and ServiceNow are the market leaders on the enterprise side, and smaller players who have simpler and easier to use products are undercutting them on the SMB side.
At the start of 2020 they replaced all Exec's, then started with the senior leadership bringing in ex Infor staff who had worked with them. They had a goal of limiting voluntary attrition, which during a pandemic should be relatively easy, but that has now been abandoned as a goal, and you can tell by the fact that there is very emphasis on looking after people. When they sold part of the share in the company to a new PE firm, they paid out anyone who had shares in the company for shares that had vested, but wrote of any that were provisional on the company being sold, and now only a few select people at the very top appear to have been given shares, presumably because they are there to prep the company to be sold at some point in the near future.
The previous comments about culture are correct. With multiple acquisitions there is always going to be some level of culture clash, but it always felt like the employees cared about each other because that's the way the Exec's treated people. Now the CEO says things like if you don't agree with what we are doing leave, or that they know people are going to be working their day jobs and then having to do more work on acquisitions every night. It is all about being able to show the investors and bankers that they are slashing costs and increasing profit so they can keep borrowing to do more acquisitions, and the staff either get on board or leave, and they don't care if you leave as they will simply replace them with someone from Infor.
It feels like Ivanti has become a soulless husk of what were relatively successful companies. LANDESK was a technical leader in the Systems Management space, AppSense and RES were leaders in the Workspace Management space, Touchpaper and Frontrange were good service management platforms, Shavlik was the leader in the Patching market, Wavelink is still the leader in the back-office systems management space, and MobileIron was a strong Mobility management solution. All great solutions, but when they become part of Ivanti the funding is cut, innovation slows, and they cash cow the customer base relying on existing customers and renewals to maintain profit. Very sad when you think of the strength those brands had before becoming part of Ivanti.
