Arkose Labs Appoints Frank Teruel as new Chief Financial Officer

Rhea-AI Summary

Arkose Labs has appointed Frank Teruel as its new Chief Financial Officer (CFO), effective February 7, 2023. Teruel joins the Executive Leadership Team, reporting to CEO Kevin Gosschalk. With over 20 years in cybersecurity and identity, he previously served as CFO at Mitek Systems (NASDAQ: MITK) and played a key role in the $830 million sale of ThreatMetrix to RELX. Teruel is expected to enhance Arkose's financial processes, supporting its commitment to high growth and profitability. His industry expertise is viewed as a competitive advantage amidst growing cybersecurity threats.

Positive

• Appointment of Frank Teruel as CFO is expected to enhance financial processes and support growth.
• Teruel's extensive experience in cybersecurity is seen as a competitive differentiator for Arkose Labs.
• Leadership change may drive strategic initiatives towards high profitability.

Negative

• None.

Company bolsters management team with experienced cybersecurity and identity financial chief to drive company to continued growth and profitability

SAN MATEO, Calif., Feb. 7, 2023 /PRNewswire/ -- Arkose Labs, the global leader in bot management and account security, today announced that Frank Teruel has joined the company as its new CFO. Teruel will serve on the Executive Leadership Team and report directly to founder and CEO Kevin Gosschalk.

Cybersecurity and identity expert Frank Teruel selected to lead Arkose Labs' corporate services and finance org.

"I'm delighted to welcome Frank to the team," said Gosschalk. "His deep cybersecurity and identity domain expertise combined with decades-long experience leading public and private companies in chief financial and operational roles is a competitive differentiator for us." 

In this role, Teruel will lead the Corporate Services Organization, as well as key strategic initiatives. He will be responsible for maturing the company's financial processes and controls and supporting the overarching corporate priority of continued high growth and achieving strong profitability. 

Teruel has been in the cybersecurity and identity industry for more than 20 years and takes the helm of the Arkose Labs' finance and corporate services organization after leading the finance organization at Mitek Systems Inc. (NASDAQ: MITK) as CFO and SVP. Prior to that, he served as Chief Operating Officer of ADARA, which is a global leader in predictive consumer intelligence through its permissioned data and verified identity platform. He played a pivotal role as General Manager and SVP at digital identity pioneer ThreatMetrix, defining and leading the sale of the company to RELX (London: REL; Amsterdam: REN; New York: RELX and RENX) in an $830 million transaction.

Teruel said, "I'm delighted to join the Arkose Labs leadership team at this critical juncture of continued high growth and scale. The confluence of incessant cybersecurity threats and identity compromise puts Arkose Labs at the forefront of helping its global customers stop bad actors, stop account fraud, and reduce the operating expenses associated with mitigating the tsunami of on-line threats. The Arkose Labs technology platform provides customers capabilities from stopping the incessant bot-driven and fraud-farm attacks, which are the most difficult to detect, to email intelligence, behavioral biometrics, and critical identity signals. Add its industry leading 1-million-dollar credential stuffing warranty, and Arkose Labs is positioned as the clear leader and innovator in our space."

Teruel is a passionate believer in continuous education. To give back to the community and shape the next generation of business leaders, he has spent the last 11 years serving as an adjunct professor at Santa Clara University's Leavey School of Business MBA program, a role which he continues to hold today.

Get the latest bot management news and threat research. Follow Arkose Labs on LinkedIn.

About Arkose Labs
Arkose Labs' mission is to create an online environment where all consumers are protected from malicious activity. Its AI-based platform combines powerful risk assessments with dynamic attack response that undermines the ROI behind attacks while improving good user throughput. The company offers the world's first and only $1 Million Credential Stuffing Warranty™. Headquartered in San Mateo, CA with offices in Brisbane and Sydney, Australia, San Jose, Costa Rica, and London, UK, the company ranked as the 106th fastest-growing company in North America on the 2022 Deloitte Fast500 list.

Contact:
Jean Creech Avent
Global Head of Brand and Communications
Arkose Labs
j.creechavent@arkoselabs.com
+1-843-986-8229

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SOURCE Arkose Labs

FAQ

Who is the new CFO of Arkose Labs?

Frank Teruel has been appointed as the new CFO of Arkose Labs.

What experience does Frank Teruel bring to Arkose Labs?

Frank Teruel has over 20 years in the cybersecurity industry and was previously CFO at Mitek Systems.

What is Frank Teruel's role at Arkose Labs?

Teruel will lead the Finance and Corporate Services Organization and drive key strategic initiatives.

How might Frank Teruel's appointment impact Arkose Labs?

His expertise in cybersecurity and finance is expected to strengthen Arkose Labs' financial processes and support growth.

When was Frank Teruel appointed CFO of Arkose Labs?

Frank Teruel was appointed CFO on February 7, 2023.