Bad news for Tikit. PE buy outs never go to plan in LIT. At minimum it means an employee flush out. At most a strategic shift to what the PE firm wants from them which is normally to make the books look attractive (sales high and overheads low) then sell them for a profit. Inevitably this means lower quality products (although Tikits portfolio is confusing to say the least) and a worried set of customers who have been sold a pack of **** of company stability and a clearly defined strategy. If I’d been a recent tikit customer I’d be aggressively looking through my contract for a get out!!!
Comment on Comment: Confusion and obfuscation as BT moves to sell Tikit by Legal whistle blower
Comment on Comment: Confusion and obfuscation as BT moves to sell Tikit by Legal whistle blower
Bad news for Tikit. PE buy outs never go to plan in LIT. At minimum it means an employee flush out. At most a strategic shift to what the PE firm wants from them which is normally to make the books look attractive (sales high and overheads low) then sell them for a profit. Inevitably this means lower quality products (although Tikits portfolio is confusing to say the least) and a worried set of customers who have been sold a pack of **** of company stability and a clearly defined strategy. If I’d been a recent tikit customer I’d be aggressively looking through my contract for a get out!!!
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In brief: Elevate acquires Legadex
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