| Topic Name: |
Adjoined Consulting |
| Message Name: |
Now for the facts: |
| Date Posted: |
03/14/2005 |
| In Reply To: |
Heard last week from 2 different Inv Bankers (who claim they heard this in the VC rumor mill) that Adjoined CEO and Head of Strategy are going to be put out the door for lack of growth in the core franchise. Seems one of the firms that was also covering them and had some inside track, felt that the nearly nil organic growth combined with serious core staff retention issues is causing the sell- out/go public pitch to be a pipe dream in anything under 5-7 years without turning over this leadership team. Also surfaced was a concern by the community that the company's solution mix is out of sync and is anticipated to dry them out in 24 months or less without dramatic intervention by their VC's.
Interesting stat quoted was the average Adjoined employee has slightly more than 10 months with the firm and that turnover is approaching 30+%
Any insiders hearing the same or different? |
| Message: |
Now for the facts:
Sustained Growth over time:
2004 - Adjoined grew 32% organically, 10 times faster than the rest of the Consulting sector. As a result, Adjoined was named to the watch list by Kennedy Information Services, the firm that covers the consulting industry.
2003 - The Gartner Group noted that Adjoined Consulting is an agile alternative to the larger consultancies. GG likes our narrow, industry based focus.
2000-2004 - Adjoined grew 32-75% per year, with the majority of the growth being organic.
VC:
We are funded by two very well known VCs, and if they had any doubts about our ability to perform to expectation, they would take swift action, not talk about with investment bankers who talk about it with the mild-mannered-reporter. Get real.
Retention:
Our turnover rate is no higher than the average at other consulting firms, and interestingly, the employees who have left have not joined other consulting firms.
On the flip side, we have been able to consistently recruit strong performers away from the Big 4 and other well-known consultancies.
As a rapidly growing firm, it's true that nearly 25% of our employees have been hired in the past year. That's necessary and to be expected when you grow at the pace we've grown. On the other hand, our founders are still here, in key executive roles. And many of our employees have been here 4-5 years, from the time we were formed. As insiders, I'd expect they know something that 'mild-mannered-reporter' doesn't.
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