[throwawaymath]

Interesting. All I can tell from Idea's homepage is that it likes to acquire companies: https://www.ideracorp.com. It looks like it's just a private equity firm (or the acquiring arm of one, since it's owned by TA Associates).

I've never heard of any of the software in Idera's brand portfolio. I wonder what the cultural change is like internally at a company joining the umbrella of a private equity firm.

[luckydata]

All my ex coworkers at Sencha have been "promoted" then immediately laid off after the acquisition (2-3 months). Their business model is to milk long term support contracts, I wouldn't expect Travis to be relevant anymore (if it was before).

[superqd]

Yeah, one of their "brands" is also called Idera, and I worked there for many years prior to the acquisition. But, yeah, just shortly prior to the acquisition, most of the dev group were let go to improve the bottom line, and a small group of 4 or 5 devs were kept and promoted to manage an outsourced team in some other country to continue developing the products. The atmosphere post acquisition was different, though, being at the company while it was growing, the culture also shifted as we grew from scrappy startup to "we are now in a high rise office tower" corporation.

[mbrumlow]

And then from a high rise to a shitty office space where you could regularly see hookers on the elevators and at least while I was there the bank at the bottom was robbed at gun point twice.

[superqd]

Sounds so exciting! :^)

[amcintosh16]

My last job was for a small company making a APM tool. We were bought by Idera and they fairly quickly laid off nearly everyone.

We were cautiously optimistic when the purchase happened. Idera had just purchased a pair of similar applications with different target audiences, so we thought the products would stick around and there would be a lot of work to do integrating everything. We were right about that (they're all still separately available) but Idera didn't have us in mind to work on it.

Our PM went to Idera's offices and found that it was basically a sales centre and that all the development was outsourced. A week or so later they came and laid off a third of the company. Within 3 months of the purchase, the only employees left were our PM, 2 sales reps, and 2 support.

I can't speak to the software, but I don't like the chances of anyone employed by Travis.

[mawburn]

Seems about right. They have acquired a lot in the last 2 years.

https://www.ideracorp.com/brands

and

https://www.ideracorp.com/news