An Empty Private Equity Drained Husk Of Its Former Self - Information Technology Exegy Employee Review

Exegy used to be a fantastic place to work with great people, projects, and compensation to match. Unfortunately, that all went completely out the window when Marlin Equity Partners purchased Exegy, slammed it together with Vela, and later threw in Enyx. Vela might have looked great on the surface but behind the curtain it was held together with duct tape and a whole lot of hopes and prayers. The workload effectively doubled because of all the additional work to constantly fix broken things at Vela while trying to rebuild it into a cohesive environment. Much of Vela was comprised of the silos of their original companies (SR Labs/Wombat, OptionsCity, Object Trading) with little work done to integrate the disparate parts. Executives kept promising there were budgets set aside to bring Vela hardware/infrastructure into the modern age, but the money was never available. Vela employees were offered bonuses just for sticking around meanwhile everyone else (who did not get bonuses) had to pick up the slack after Vela people left or were laid-off. Raises stagnated for everyone outside of the executive circle and morale tanked. There have been (and continue to be) multiple rounds of lay-offs with very little indication or explanation given, just a surprise that more people are missing from chat. HR and Finance is a joke after multiple cycles of people joining and subsequently leaving shortly after. Bonuses are only given to those most directly related to revenue (sales/engineers) and everyone else gets told to move to those departments if they feel overlooked. Salespeople get commissions for basic contract renewals when it’s really all the other teams that kept the customer happy all year. Long-term Exegy employees had equity in the company but that was all bought out for pennies on the dollar when Marlin took over. No stock was issued in the new company but were instead given false promises of other compensation that would never materialize. There was never any 401k matching and the health insurance was average at best. Vacation hours were decent but that has since been moved to the "unlimited" model that no one asked for. Exegy’s good days are over and all that’s left is a husk in which private equity seeks to extract as much money as possible before it can be dumped on a new buyer.