CLEO NAMES ANDREW SKARUPA CHIEF FINANCIAL OFFICER

Ecosystem Integration category leader positions for rapid growth.

ROCKFORD, Illinois --September 21, 2021 -- Cleo, the pioneer and global leader of the ecosystem integration software category and provider of the Cleo Integration Cloud platform, today announced it has appointed Andrew (“Drew”) Skarupa as the company’s Chief Financial Officer (CFO), a new position.

In his new role, Skarupa will oversee Cleo’s Finance & Accounting, Human Resources, Legal, and IT departments, and will report to Mahesh Rajasekharan, Cleo president and CEO. 

Prior to joining Cleo Skarupa spent 2-½ years at Forecast5 Analytics, a private-equity-backed SaaS EdTech business, where he served as CFO and Chief Operating Officer (COO) until the company’s successful sale to Frontline Education. Before that he spent 12 years as CFO and COO with RealD, a leading global licensor of stereoscopic (three-dimensional) technologies, joining when it was a pre-revenue start-up and leading the company through its IPO, transforming RealD into a publicly-traded NYSE-listed company with revenues of nearly $300 million and a market capitalization nearly $2 billion.  

Skarupa has also served in various other financial leadership roles with RetailNext, Watermark Sports, Alliant Protection Services, Inc., Malibu Networks, idealab!, MiniMed, Inc., and Deloitte.  He earned a B.S. degree in Mathematics from UCLA, an M.B.A. degree from the UCLA Anderson School of Management, is a Certified Public Accountant in the State of California and holds a host of other professional certifications. 

“As a rapidly expanding SaaS business delivering ecosystem integration software solutions to fuel our 4,000+ customers’ eCommerce-driven growth, Cleo has been looking for the most qualified CFO to join our exceptional organization as we scale to the next level,” Rajasekharan said. “Given Drew’s deep experience with high growth SaaS businesses, his knowledge of the capital markets including taking company’s public, extensive M&A expertise on both the buy-side and sell-side and his outstanding professional background and tech industry savvy, we are thrilled to welcome him into the global Cleo family.”

“I’m extremely excited to join Cleo at this most opportune stage of their promising growth trajectory,” Skarupa said. “I believe in the boundless innovation potential of the Cleo Integration Cloud platform, and the promise of the ecosystem integration software category Cleo has defined. I share the Leadership Team’s confidence that Cleo, as the most advanced cloud B2B integration technology company in the market, is best positioned to make the greatest positive difference in the industries it serves.” 

About Cleo Integration Cloud

Cleo Integration Cloud (CIC) is a cloud-based integration platform, purpose-built to design, build, operate and optimize critical ecosystem integration processes.  The CIC platform brings end-to-end integration visibility across API, EDI, and non-EDI integrations that give technical and business users the confidence to rapidly onboard trading partners, enable integration between applications and accelerate revenue-generating business processes.  On the platform, businesses have the choice of self-service, managed services, or a blended approach – ensuring complete flexibility and control over their B2B integration strategy.

About Cleo

Cleo is an ecosystem integration software company focused on business outcomes, ensuring each customer’s potential is realized by delivering solutions that make it easy to discover and create value through the movement and integration of B2B enterprise data.  Cleo gives customers strategic, “outside-in” visibility into the critical end-to-end business flows happening across their ecosystems of partners and customers, marketplaces, and internal cloud and on-premise applications. Our solutions empower teams to drive business agility, accelerate onboarding, facilitate the modernization of key business processes, and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B, and data integration technologies. To learn how over 4,000 customers are benefiting from Cleo’s thought leadershippartnership programs, and ecosystem integration perspectives, visit www.cleo.com or call +1.815.282.7695.

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