Any “business intelligence” company with market cap between 1-10B USD that is not growing is dead. OT fits this category. It’s impossible to grow against the behemoths MSFT, IBM, SAP with a motley set of acquisitions/products/services and an equally motley Board composition. OT is doomed to die a slow death. Its only exit paths are bankruptcy, acquisition by a behemoth or complete reinvention.
Bankruptcy will happen if one of the other two strategies don’t happen. Acquisition by a behemoth is more likely because the ELT and the Board are incentivized to receive their exit parachutes. Reinvention is impossible because a) there is no reinvention leader with greater than 50% Board votes inside OT, and b) the Board as-is won’t “buy” reinvention.
If acquisition by a behemoth is the selected and Board approved path, then what the ELT is doing now, cutting costs and consolidating COEs that make sense to an acquirer, makes all the sense in the world. Evidence that this is “the” path that the ELT and the Board wish for is Berenchea’s screaming AI email to all@OT a few days ago.
The choice of each employee - find your own parachute consistent with an acquisition by behemoth. OT’s reinvention is impossible, so reinvent yourself,