Valsoft Reviews

ValSoft, like most private equity firms, has a standard, ruthless playbook: buy an established company, strip it down for parts, pay out massive bonuses to the executives, discard it and move on. Day one after Valsoft bought our company, 40 people (nearly 30% of the company) were laid off. By the end of the year, another 40 people had been laid off. Some of those positions were immediately posted for hire, at lower wages with less benefits. Benefits were cut on day 1. Management was blatantly dishonest about their intentions with the company. HR was impossible to work with--we had 4 different HR reps from Valsoft over the course of 9 months, and each one would kick the can on your issue until the next took over, so nothing was ever solved. Now 80 people (the majority of the company) lost their jobs in the middle of a pandemic (a pandemic, mind you, that was leading to increased sales for our medical sector firm) despite assurances from ownership that this would not happen. The company forced laid-off employees to sign NDAs, under threat of being denied unemployment benefits. Ownership and management tell bald-faced lies to clients about what is going on.

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.