FatPipe, Inc. (NASDAQ: FATN) Appoints Kanishka Ragula as Chief Financial Officer

FatPipe names former J.P. Morgan technology investment banker and internal finance leader Kanishka Ragula as CFO to support growth and M&A plans.

Rhea-AI Summary

FatPipe (FATN) appointed Kanishka Ragula as Chief Financial Officer, effective September 11, 2026.

Ragula previously worked in J.P. Morgan's Technology Investment Banking group in San Francisco, where he was on teams advising technology companies on mergers and acquisitions, equity and debt financings, and other strategic transactions. His transaction experience includes Snow Software's sale to Flexera, Francisco Partners' $1.2 billion acquisition of Jama Software, HighLevel's minority growth investment from General Atlantic, and CData Software's $350 million strategic growth investment from Warburg Pincus. He also worked on StubHub's IPO preparations and PagerDuty's $350 million convertible senior notes placement.

Most recently, Ragula served as Director of Finance at FatPipe, contributing to financial operations, strategic planning, investor activities and growth initiatives. FatPipe expects his familiarity with the company and his transaction background to support its financial strategy, organic growth and evaluation of acquisition opportunities. Outgoing CFO Eric Sherb will continue to advise FatPipe in a consulting capacity.

Ragula graduated Summa Cum Laude from the University of Pennsylvania's Jerome Fisher Program in Management & Technology, earning degrees from both the Wharton School and Penn Engineering.

Positive

• New CFO appointment with technology investment banking, M&A and capital markets background
• Internal promotion from Director of Finance provides continuity in financial operations
• Prior deal experience on transactions up to $1.2 billion in technology sector

Negative

• None.

Market Context

FATN was down 0.36% at the prior close before the appointment; FatPipe also had an active S-3 shelf ...

Analysis

FATN was down 0.36% at the prior close before the appointment; FatPipe also had an active S-3 shelf dated July 2, 2026, a financing-capacity record relevant to a CFO role covering capital markets.

Key Figures

CFO appointment effective date: September 11, 2026

CFO appointment effective date

September 11, 2026

Kanishka Ragula appointed Chief Financial Officer

Key Terms

sd-wan, m&a, convertible senior notes, series 79, +1 more

5 terms

sd-wan technical

"enterprise-class, application-aware, secure software-defined wide area networking ("SD-WAN")"

SD‑WAN is a technology that uses software to control and direct wide-area network traffic between offices, data centers and cloud services instead of relying solely on traditional hardware routers. Think of it as a smart traffic manager that chooses the fastest, cheapest or safest route for each data flow, improving performance, cutting telecom costs and simplifying upgrades. Investors care because it can lower operating expenses, enable faster cloud adoption and create steady demand for networking and security services.

m&a financial

"experience spanning technology investment banking, mergers and acquisitions"

M&A, short for mergers and acquisitions, involves one company combining with or purchasing another company to grow, streamline operations, or gain competitive advantages. For investors, M&A activity can signal potential for increased value, new opportunities, or changes in market dynamics, making it an important factor to watch in the business landscape.

View in glossary

convertible senior notes financial

"PagerDuty's $350 million convertible senior notes placement"

Convertible senior notes are a type of loan that a company issues to investors, which can be turned into company shares later on. They are called "senior" because they are paid back before other debts if the company runs into trouble. This allows investors to earn interest like a loan but also have the chance to own part of the company if its value rises.

series 79 regulatory

"He held FINRA Series 79 and Series 63 registrations"

Series 79 is a regulatory exam administered by the Financial Industry Regulatory Authority (FINRA) that certifies professionals to advise on and execute complex investment banking transactions such as mergers and acquisitions, debt and equity offerings, and private placements. For investors, seeing a professional hold Series 79 is like seeing a specialized driver’s license for deal work: it signals that the person has passed industry standards and is authorized and trained to handle sophisticated corporate financing activities.

series 63 regulatory

"He held FINRA Series 79 and Series 63 registrations"

A Series 63 is a licensing exam that tests a financial professional’s knowledge of state securities laws, rules, and ethical obligations; passing it is often required for someone to legally sell or advise on securities within a state. Think of it as a state-level “driver’s license” for securities activity—investors benefit because it helps ensure the person handling their money understands local legal protections and basic conduct standards.

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Former Member of J.P. Morgan Technology Investment Banking Team Brings M&A, Capital Markets and Technology Experience to FatPipe

SALT LAKE CITY, UT / ACCESS Newswire / September 11, 2026 / FatPipe, Inc. (NASDAQ:FATN) ("FatPipe" or the "Company"), a pioneer and multiple patent holder in enterprise-class, application-aware, secure software-defined wide area networking ("SD-WAN") and cybersecurity solutions, today announced the appointment of Kanishka Ragula as Chief Financial Officer, effective September 11, 2026.

Ragula brings experience spanning technology investment banking, mergers and acquisitions, corporate finance and capital markets. Before joining FatPipe, he previously worked in J.P. Morgan's Technology Investment Banking group in San Francisco; he worked on teams advising technology companies on mergers and acquisitions, equity and debt financings, and other strategic transactions.

During his tenure at J.P. Morgan, Ragula was a member of teams involved in a number of significant technology transactions, including Snow Software's sale to Flexera, a Thoma Bravo portfolio company; Francisco Partners' $1.2 billion acquisition of Jama Software; HighLevel's minority growth investment from General Atlantic; and CData Software's $350 million strategic growth investment from Warburg Pincus.

His capital markets experience included serving on teams involved in StubHub's IPO preparations, where J.P. Morgan served as Lead Left Bookrunner; and PagerDuty's $350 million convertible senior notes placement. He also gained experience on other equity and leveraged finance transactions involving technology companies, including OpenAI, LegalZoom, Jamf, McAfee, StubHub and Red Ventures.

This experience provided Ragula with exposure across the transaction lifecycle, including financial modeling and valuation, strategic and M&A analysis, due diligence, capital structure analysis, transaction documentation and execution. He held FINRA Series 79 and Series 63 registrations and previously completed the Securities Industry Essentials examination.

Most recently, Ragula has served as Director of Finance at FatPipe, where he has been involved in the Company's financial operations, strategic planning, investor activities and growth initiatives. His familiarity with FatPipe's operations and technology, combined with his technology investment banking and transaction experience, is expected to support the Company's financial strategy as it continues to pursue organic growth and evaluate strategic acquisition opportunities.

"We are pleased to appoint Kanishka as Chief Financial Officer," said Sanch Datta, President and CTO of FatPipe. "Kanishka brings a combination of finance, technology and transaction experience. His work in J.P. Morgan's Technology Investment Banking group gave him experience across M&A, equity and debt transactions involving some of the world's leading technology companies and investors. We believe this experience will be valuable as we continue to grow FatPipe organically while evaluating acquisitions and other strategic opportunities that can expand our technology portfolio, recurring revenue and market presence."

"I am excited to take on the role of Chief Financial Officer at FatPipe at an important point in the Company's development," said Kanishka Ragula. "FatPipe has built a differentiated portfolio of patented networking, SD-WAN, cybersecurity and network management technologies. I look forward to working with our management team and Board to maintain financial discipline, support continued growth and evaluate strategic opportunities that can create long-term shareholder value."

To support an orderly transition, Eric Sherb will continue to advise FatPipe in a consulting capacity.

Education and Professional Background

Ragula graduated Summa Cum Laude from the University of Pennsylvania's Jerome Fisher Program in Management & Technology (M&T), a highly selective interdisciplinary dual-degree program combining business and engineering. He earned a Bachelor of Science in Economics with a concentration in Finance from the Wharton School and a Bachelor of Science in Engineering in Computer and Information Science from Penn Engineering.

At Penn, Ragula served as President of the M&T Student Board and received the Naren Udayagiri Management and Technology Award, recognizing scholastic distinction and commitment to excellence in engineering and business. His combined education in computer science and finance, together with his technology investment banking experience, provides a background spanning technology, corporate finance, M&A and capital markets.

About FatPipe, Inc.

FatPipe, Inc. pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for cooperation from ISPs and allow enterprises and service providers to control multi-link network traffic. FatPipe offers a single-stack networking and cybersecurity platform backed by 13 U.S. patents related to multipath and software-defined networking. FatPipe products are sold through more than 200 resellers worldwide.

For more information, please visit FatPipe's website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements regarding the Company's growth strategy, financial strategy, potential acquisitions, strategic opportunities, recurring revenue and expectations regarding future performance. These statements are based on management's current expectations and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements.

These risks and uncertainties include those described in FatPipe's filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date of this press release, and FatPipe undertakes no obligation to update or revise such statements except as required by law.

Company Contact
FatPipe, Inc.
+1 801.683-5656 x 1140
Investor.ir@fatpipeinc.com

SOURCE: FatPipe, Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Kanishka Ragula's appointment as Chief Financial Officer take effect?

The appointment of Kanishka Ragula as Chief Financial Officer is effective September 11, 2026.

What role did Kanishka Ragula hold at FatPipe before becoming CFO?

Before becoming CFO, Kanishka Ragula served as Director of Finance at FatPipe, where he was involved in financial operations, strategic planning, investor activities and growth initiatives.

What will outgoing CFO Eric Sherb's involvement with FatPipe be after the transition?

To support an orderly transition, Eric Sherb will continue to advise FatPipe in a consulting capacity.

What is Kanishka Ragula's educational background?

Kanishka Ragula graduated Summa Cum Laude from the University of Pennsylvania's Jerome Fisher Program in Management & Technology, earning a Bachelor of Science in Economics with a concentration in Finance from the Wharton School and a Bachelor of Science in Engineering in Computer and Information Science from Penn Engineering.

What types of technology transactions has Kanishka Ragula previously worked on?

Ragula was a member of J.P. Morgan teams on technology transactions including Snow Software's sale to Flexera, Francisco Partners' $1.2 billion acquisition of Jama Software, HighLevel's minority growth investment from General Atlantic, and CData Software's $350 million strategic growth investment from Warburg Pincus, as well as StubHub's IPO preparations and PagerDuty's $350 million convertible senior notes placement.