Pros
Lots of opportunity to implement modern practices and solutions. If you want to work somewhere you can feel like you're making a positive impact (public housing).
Kontras
Upper Management lacks the industry standard knowledge expected in a software company, this causes unnecessary problems and additional employee work. - One software investment company (Arcadea) was created specifically after watching how Aquila and Constellation absorb software companies then milk them for all they're worth without providing meaningful value back into the organization/employees/clients. Employee compensation is lagging behind industry standard, this has led to massive skilled employee retention losses to higher paying offers. Every quarterly update we're told we're the highest earning business unit in Altair/Aquila, but raises are paltry and seldom, Upper management refuse to promote or adjust compensation except until the end of the year. Upper management focuses on bonuses as primary means of compensation, though the way they calculate the bonuses changes frequently (never in employee favor). Salaries are not keeping up with Cost of Living, or skill growth. All personal development has been through personal growth (no company drive for individual growth). Personal efforts beyond basic duties are not respected or appreciated if they don't have a direct financial correlation to how much it'll save the company.