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28 April 2016
ikeGPS announces the appointment of Dennis Bencala as its chief financial officer.
For more than 30 years, Bencala has worked in Silicon Valley for high-growth public technology companies. Bencala has served as CFO and vice president of finance at NASDAQ-listed Ikanos Communication Inc., CFO and corporate controller of NASDAQ-listed SiRF Technology Holdings Inc., CFO at venture capital-backed Renewable Energy Test Center Inc., and corporate controller of venture capital-backed and Hong Kong-listed ScanVision Inc.
When Bencala joined SiRF Technology Inc., a fabless GPS semiconductor company, the business earned less than $10 million in revenue. There, Bencala oversaw the company’s financial planning, IPO on NASDAQ and subsequent growth to more than $300 million in revenue. During that time, Bencala developed a skilled accounting and financial management team that managed and reported the company’s financial performance. Bencala also oversaw the growth of the corporate finance team from pre-IPO to the integration, financial structuring and capital structuring of seven strategic acquisitions and mergers, ranging in value from under $10 million to more than $230 million.
Following the merger of SiRF Technology Holdings Inc. with Cambridge Silicon Radio, Bencala served as CFO for Renewable Energy Test Center Inc. and Ikanos Communications Inc., a NASDAQ-listed semiconductor and software company with products for network equipment manufacturers and telecommunications service providers. Qualcomm Incorporated acquired Ikanos Communications in September 2015.
“Dennis brings a wealth of experience in helping technology companies transition to the NASDAQ stock exchange,” says Glenn Milnes, CEO of ikeGPS. “We’re confident that Dennis will help us reach our financial growth goals, and we’re delighted to be bringing him onto our team.”
Bencala will be responsible for ikeGPS’ finance and administrative functions, as well as financial strategy. Given Bencala’s extensive experience and leadership in U.S. capital markets, ikeGPS is well-positioned to execute the next phase of its U.S. growth strategy.
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