No longer the company I signed up for - Anonymous employee Jaggaer Employee Review

Taking care of the employees was never a priority for the previous or the current SciQuest CEO; lack of transparency between company's vision, customers' requirements and development teams; very limited opportunity to grow at SciQuest; hence, the turn over rate has been high. Accel-KKR acquired SciQuest on 07/28/2016. Two months later, the former CEO took a $2.7+ million package and left, along with the whole executive team. A new "leadership" team appointed by AKKR took over immediately, so did the layoff start. The new executive team certainly has good records - to AKKR and their investors, as they had successfully flipped the companies for AKKR. For instance, the new CTO never spent more than 2.5 yrs on a company after his own company was acquired by AKKR. Hard to imagine he'll spend more time here in his rental apartment to build teams and products at SciQuest to last. To the new team, people at SciQuest are merely numbers on their balance sheet. Layoffs started quietly yet all we got from the new CEO was "I am confused by your org chart ... I am confused by your products ... go back to work, and work hard". The culture wasn't great before, but at least it was not insulting. SciQuest is no longer the company I signed up for. In my opinion, it's just a matter of time before AKKR cut the numbers of employees, or in their mind, the cost, to a level they can maximize their profits, then give a face lift of the current products, and sell SciQuest ASAP. That's a legit business plan for investors, unfortunately, not for employees at SciQuest.