The Full Customer Story
Our client, a 20-year-old leading financial technology company valued at $3.6 billion dollars, processing more than $1.0 billion-dollars daily in complex financial transactions within the $2.0 trillion-dollar mortgage industry. In June of 2015, we were retained by a long-time executive relationship. The need was to build a next-generation engineering team under his leadership that would be focused upon modernizing an aging suite of software products built upon a legacy Microsoft architecture.
The Challenge & Objective
While the company had a plan to migrate exclusively to open-source and cloud, the existing engineering team lacked the immediate knowledge and experience necessary to transition in a timely manner. The company had always positioned itself as a finance company, rather than a cutting-edge technology company. Combined with their unique location and limited employer brand in the open-source community, their leadership found difficulty in launching an initial hiring initiative. They were looking to build hiring momentum, yield referrals and increased awareness over time. The next-generation engineering team, included executive searches for CIO, SVP of Engineering, Vice President of Platform Engineering, Vice President of Cloud Engineering, Vice President of Application Engineering and Chief Architect. In addition, our firm was asked to recruit various engineering managers and subsequently build engineering teams that had the required open source and cloud experience.
The Game Changing Results
A successful migration to Amazon AWS public cloud and open-source technology. A monumental task for a 20-year-old financial company built upon legacy Microsoft technology. This has led to new customers, increased revenue and a stock price that has nearly doubled during our engagement. An employee referral program that now yields 60% of all new hiring across engineering. Significantly reduced cost per each hire, as much as 50% for all executive and technical hires when compared to competitors formerly engaged by our client. The most frequently filled job titles included Vice President of Engineering, Director of Engineering, Engineering Manager, Staff Software Engineer, Senior Software Engineer, and Senior DevOps Engineer.
More About Verticalmove
Verticalmove is a world-class business consulting firm that solves complex human capital challenges among the most admired companies globally such as Microsoft, SAP, Salesforce.com, Teradata, Polaris Industries, Ellie Mae and Glassdoor.com. We’ve assembled a top-notch team of recruitment experts that help our clientele attract and retain the brightest Executive, Technical, Sales and Marketing professionals through our Confluence RPO, Executive Search and Contract Contingent Workforce services. With operations in the Pacific Northwest, San Francisco, New York and Europe, we continue to expand our reach with every new relationship we establish.