in Companies

Scient and SBI

Scient was acquired by SBI/filed for bankruptcy. I’m not sure how to read that financial transaction, how it should feel to clients, or what it means strategically for the company. I just hope folks don’t lose their jobs.

Word around town is that real estate liabilities hurt the bottom line (which means they had too many leases or buildings they couldn’t unload). We had to fix that right quick last year. I’ve always admired the mostly office-less approach of companies like Adaptive Path and Behavior for this reason, but I don’t know if that works for bigger firms that require more socialization.