LambyCorn

A mfkn E

SaaS company getting acquired

Guerreros!!!! Salute you all

Its looking like our company is getting acquired, (1B+ SaaS product, trading on the NYSE)

They just opened up offices in Costa Rica, which is where I am located. I am an account executive with a team of 50 AEs down here in CR.

Should I be looking for a new job? Just in case, I have polished up my CV but im not sure if that is being negative or what.. i have not heard good things about acquisitions - Im just over 100% quota, 1 year in the company and yeah.. entire sales org in CR is 1 about year old here

THANKSSS

Start applying elsewhere?

Attached poll

No, wait it out Yes start looking

*Voting in this poll no longer yields commission.

🌏 Location

📳 SaaS

✍️ Sales advice

20 comments

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jefe

Arsonist

🍁

It's not necessarily a bad thing, but it truly can't hurt to put feelers out and start talking to people.

If you get booted, you don't want that to happen without any preparation.

Sunbunny31

Politicker

Sr Sales Executive 🐰

Exactly! It's not time for the panic button just yet, but it never hurts to be ahead of the game.
In your team, where do you stand? Top of the leaderboard? Or? With 50 AEs, you are in a very large pool IMO.
Who is acquiring your company? One with a similar, or a complementary, technology? What's their sales structure? Will their team be able to take on your technology as part of their bag? Alternately, will you have the opportunity to look at roles on that side of the fence?

LambyCorn

Arsonist

A mfkn E

thank you both! great insight - and to answer your question sunbunny, I am top 10- 15 AEs. Not bottom of the table but not one of the superstars.. Company acquiring us is a private equity fund and a pretty big asset manager.. Im in the new business side, so AE which we are 15 and the rest are AM (expansion)

MRK47

Personal Narrative

Head of Growth

It's 100% less stressful to look for a potential new gig while still being paid.
And whether being acquired is good vs bad...depends on the acquiring company and their current sales org....if there is territory / product overlap then potential for streamlining (aka layoffs).....but could also be a positive....nothing changes aside from now having a higher profile employer name on your resume or there could be options for lateral / upward movement in the new / larger entity.....no need to jump now...but certainly explore other potential options just in case.

LambyCorn

Arsonist

A mfkn E

thanks, seems to be in line to rest of thoughts here.. appreciate it !

TennisandSales

Politicker

Head Of Sales

dont jump ship yet! its not always a bad thing when you get bought.

The worst thing that could happen is the new ownership comes in and lets you go.....and that normally comes with a large severance package.
so sit tight!

unclespacejam

Politicker

ur dad’s brother

Also if you have any options/ share that have vested/ are about to vest you should stick around to catch that cheque at the very least

LambyCorn

Arsonist

A mfkn E

i did not think of that, thanks both.. yeah i got a tiny bit of stock with my company, 2k vested and 4k vesting in the next 2 years

Kosta_Konfucius

Politicker

ERP Sales

If you ever think to start looking, might as well test the waters. You can decline offers and be picky

LambyCorn

Arsonist

A mfkn E

life is like that sometimes, when you DONT need a job you'll get a bunch of interviews and decent offers.. then you are URGENT for a job and the local mcdonalds declines your CV lol

Notstephcurry

Good Citizen

Sales Manager

Take your time, never hurts to build a bench of places and connections

LambyCorn

Arsonist

A mfkn E

never hurts..

YoureMuted

Executive

Regional Sales Director

Stick around, but have a network ready. Acquisitions can take a long time. Also, if they do let you go, there may be a package that you get which will help soften the blow.

LambyCorn

Arsonist

A mfkn E

i didnt think of that, someone mentioned it aswell so good to know...

medhardwaredr

Politicker

Director of Sales NA

Being acquired doesn’t mean time to find a new job but there will be changes so doesn’t hurt to look especially while you’re still getting a check

LambyCorn

Arsonist

A mfkn E

true!

mafiaboi

Good Citizen

VP of Sales

If someone picks up the company name here and understand who it is - you might get a pretty big fine FYI

LambyCorn

Arsonist

A mfkn E

SHIT really?!?!?!? thanksss for letting me know ill go back to delete a comment with too much information on it lmao

LambyCorn

Arsonist

A mfkn E

i didnt know that hehe thanks for the heads up - just edited the answer of mine which with just one google search name showed up

Carlosg

Politicker

SDR

Hi, I work in a SaaS company too and we have been recently acquired.
My advice is to stay in the current company as being part of an integration is a great experience for the CV and you will never know which oppotunities you will find in the new company.
You will have time to start aplying if the new company does not fit with you, but patience may be rewarded :)