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Ceipal Appoints Dennis Farkos as New Chief Financial Officer

Ceipal Appoints Dennis Farkos as New Chief Financial Officer

Proven Executive with More than 20 Years of Experience Growing Venture-Backed Technology Companies to Successful Outcomes Takes the Financial Reins at Ceipal

ROCHESTER, NY — February 23, 2023 — Ceipal, the industry-leading AI-powered total talent acquisition platform, today announced the appointment of Dennis Farkos as Ceipal’s Chief Financial Officer. The appointment of Farkos is effective immediately and takes place at the direction of Ceipal’s Founder & CEO Sameer Penakalapati.

“Our rigorous global search process identified Dennis as a proven global CFO with an impressive track record of delivering results and creating value in high-growth settings,” said Ceipal Founder and CEO Sameer Penakalapati. “Dennis is a high-impact early- and growth-stage financial executive whose keen insights and analytical skills have landed him in critical roles amidst some very large and successful high-tech private equity transactions. We’re thrilled he has chosen to put those skills to work for Ceipal.”

Farkos joins Ceipal as the company leverages $21 million in recently secured funding. The company continues gaining momentum within the talent acquisition technology landscape as a market leader that is well-known and celebrated for its innovative, AI-powered solutions for staffing professionals, recruiters, and hiring organizations. In addition to its top-rated ATS and CRM solutions, Ceipal continues to gain attention and accolades for its workforce management solutions, Procurewise VMS platform, and diverse hiring (DEI) technology. The company boasts a revenue growth rate of 371 percent over a 3-year period, which landed Ceipal on the the latest Deloitte Technology Fast 500 list.

“I look forward to ensuring that the bold new vision Ceipal is establishing for the talent acquisition technology industry will continue to grow and generate successful outcomes for our company’s customers, team members, leadership and investors alike,” said Dennis Farkos, Ceipal’s newly appointed CFO. “The opportunity to transform the way talent and skills are acquired by organizations of all sizes is incredibly inspiring, and I’m honored to join the leaders who are driving that transformation.”

Dennis Farkos joins Ceipal as an experienced high-growth financial executive with the proven ability to help maximize and accelerate Ceipal’s financial position. Most recently, he served as Chief Financial Officer to Panopto, an award-winning video content management software, which—like Ceipal—is also highly ranked on Deloitte’s Fast 500 list.

Prior to his work at Panopto, Mr. Farkos was CFO for Carnegie Innovations, a partnership formed with Carnegie Mellon University to commercialize its IP portfolio, resulting in Acrobatiq, which was the first-ever higher-ed investment made by the Gates Foundation. He also served as CFO to Confluence, a financial data consolidation and automation leader for which he helped grow revenues from $1 million to $32 million annually. As a result, Farkos was named “CFO of the Year” by the Pittsburgh Business Times in 2006.

Farkos earned his bachelor’s degree in mathematics and economics from Allegheny College.

About Ceipal

Ceipal is a scalable, AI-driven total talent acquisition platform that provides visibility across all channels and sources, while organizing your data into a single talent ecosystem. With the power of advanced automation and artificial intelligence, Ceipal’s industry-leading ATS and CRM capabilities empower you to efficiently identify, assess, engage, hire, and onboard the best talent. Ceipal Procurewise, our native and fully integrated VMS platform, provides unmatched capabilities for your HR, corporate procurement teams, and MSPs to source, manage, and engage contingent staffing, direct sourcing, and statement of work vendors and workers. Ceipal enables you to integrate, manage, and improve the entire talent acquisition lifecycle, so you can simplify, scale, and transform any high-growth business into a diverse talent powerhouse. Welcome to the new frontier of talent acquisition.