Dennis Farkos
President and CFO, Ceipal
Dennis Farkos is an experienced early- and growth-stage financial executive with more than 23 years of proven ability to drive results through incisive analysis, cross-functional teamwork, and timely execution. Most recently, Farkos joined Ceipal to serve as its Chief Financial Officer.
Prior to joining Ceipal, Dennis served as the Chief Financial Officer of Panopto for over a decade. Panopto develops award-winning video content management software. During his tenure, he assisted the founder CEO and an original group of tier 1 investors grow Panopto from a startup to a profitable, professionally managed SaaS software company. Revenues grew 10X and the company had more than 10M global users, offices in five countries, a 95% Gross Retention Rate, an NPS score of 70+, and an award-winning culture. Farkos led the sale of the business to a private equity investor in 2020 at >5X ARR.
Prior to Panopto, Dennis served as Chief Financial Officer for Carnegie Innovations, a partnership formed with Carnegie Mellon University to commercialize its IP portfolio. One of the successful results of his work with the portfolio was Acrobatiq, named the country’s #1 edtech venture at ASU-GSV and the first-ever higher-ed investment made by the Gates Foundation.
Dennis also served as Senior Vice President, CFO and Treasurer of Confluence, a leader in financial technology for asset managers. While there, he conceived a predictable recurring revenue model that allowed Confluence’s revenues to grow rapidly from less than $1m to over $35m annually, and enabling the firm to become the recognized global leader in financial data consolidation and automation. In 2006, Farkos was instrumental in closing the recapitalization of the company by Polaris Ventures at $114 million—a record for a private company in Pittsburgh at that time. As a result of his efforts on this transaction and in the years leading up to it, Farkos was voted 2006 CFO of the Year by the Pittsburgh Business Times.
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