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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