|By Business Wire||
|July 8, 2014 06:16 AM EDT||
GTCR, a leading private equity firm, today announced that Opus Global Holdings, LLC (“Opus Global”), its management partnership led by former VeriFone CEO Douglas Bergeron, has acquired Hiperos, LLC (“Hiperos”). Hiperos is a rapidly growing global specialist in third party management, connecting many of the world’s largest companies to over 300,000 third parties. Hiperos’ rapidly deployable, highly flexible SaaS-based solutions serve the third party-related information management, risk, compliance and performance needs of Global 2000 companies such as Aetna, Alcoa, AON, AstraZeneca, AXA, Bank of Montreal, CA Technologies, Charles Schwab, Kraft Foods, Mondelez, Microsoft, News Corporation, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, and United Technologies.
The investment in Hiperos illustrates GTCR’s and Opus Global’s focus on assembling a market-leading risk and compliance platform. Strong secular growth in this area is being driven by a significant number of market, legal and regulatory trends, and there are few providers of effective technology solutions aimed at managing global compliance imperatives.
Hiperos, with its unique, purpose-built and highly scalable solutions, is an ideal platform for executing on this thesis. GTCR and Opus Global – in partnership with Hiperos’ current management team and CEO Greg Dickinson – will look to accelerate the Company’s strong rate of organic growth by investing in global expansion and product development that further establishes its market leadership in third-party management. In addition, GTCR and Opus Global believe there are a number of opportunities to supplement Hiperos’ organic growth with complementary acquisitions.
“Risk and compliance, and the burgeoning third-party management sector in particular, represents an enormous and underserved market for innovative applications, particularly among large enterprises. As we assemble the key components of our risk and compliance platform, we will seek to build the leading compliance and risk management partner to all of the Global 2000,” said Opus Global CEO Doug Bergeron. “I am excited to once again partner with GTCR, and look forward to working with Greg Dickinson and the rest of Hiperos’ extremely accomplished management team as we invest together in the next stage of the Company’s growth.”
“We are extremely excited to make Hiperos the initial platform for Opus Global’s long-term vision in risk and compliance,” said GTCR Managing Director Collin E. Roche. “This is a market in which we have a tremendous amount of interest and expertise, and we believe the intersection of mounting regulatory imperatives, increased complexity and growing corporate focus on risk management represents an enormous opportunity for innovative solution providers that can improve the business processes exposed to these corporate requirements and related risks. Hiperos is well-positioned to capitalize on these trends, and we are excited to once again partner with Doug Bergeron.”
Added Aaron D. Cohen, Managing Director at GTCR, “Michele Flynn, Greg Dickinson and the Hiperos management team have done a remarkable job in building a company capable of meeting the third-party management needs of many of the world’s largest corporations. With Doug Bergeron’s experience in building and managing global businesses and GTCR’s considerable capital backing, we look forward to supporting and accelerating Hiperos’ growth through investment in distribution, infrastructure and innovative product development.”
GTCR's investment in Hiperos will be made from GTCR Fund X, a private equity fund with $3.25 billion of committed capital.
Kirkland & Ellis LLP served as legal counsel and Ernst & Young served as accounting advisor to GTCR.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $10 billion in over 200 companies. For more information, please visit www.gtcr.com.
About Opus Global
Headquartered in Palo Alto, California, Opus Global was created through a partnership between GTCR, one of the world’s leading private equity firms, and Doug Bergeron, former CEO of VeriFone. GTCR and Mr. Bergeron may invest up to $500 million to support Opus Global’s strategy. Through its direct investments and targeted acquisitions, Opus Global seeks to build a leading technology platform that integrates solutions to address the increasingly complex compliance requirements and risks faced by companies in every industry. Opus Global’s mission is to establish itself as a long-term partner capable of delivering significant value to businesses through the aggregation of content, software-based solutions and related services.
For more information about Opus Global, please visit www.opusglobal.com.
Hiperos is a leader in third party management software, connecting many of the world’s largest companies to over 300,000 third parties. The company’s flagship product, Hiperos 3PM™, is the only solution in the market that is purpose-built to simultaneously minimize the risks of using third parties while maximizing the value they provide. Implemented by Global 2000 companies and business consortiums across a range of industry verticals, including energy, financial services, food, real estate, pharmaceuticals, and technology, Hiperos 3PM™ has become the industry’s most widely used SaaS-based third-party management solution. The winner of industry awards and accolades for the proven value and low cost of ownership it delivers, Hiperos 3PM™ enables companies to protect their brand and revenues by implementing an automated, consistent approach to third party onboarding, measurement, monitoring and controls, throughout their lifecycle. Hiperos’ clients include many of the world’s leading companies such as Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Bank of Montreal, CA Technologies, Charles Schwab, Huntington Bank, Kraft Foods, Mondelez, Microsoft, News Corporation, Peabody, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, and United Technologies.
For more information visit http://www.hiperos.com.
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility. Internet connectivity has always played a role in customer access to web presence, but in the past few years u...
May. 5, 2015 08:45 AM EDT Reads: 1,347
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
May. 5, 2015 08:45 AM EDT Reads: 694
Working with Big Data is challenging, especially when decision makers depend on market insights and intelligence from your data but don't have quick access to it or find it unusable. In their session at 6th Big Data Expo, Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia; Zel Bianco, President, CEO and Co-Founder of Interactive Edge of Solgenia; and Ermanno Bonifazi, CEO & Founder at Solgenia, discussed how a revolutionary cloud-based BI along with mobile analytics is already c...
May. 5, 2015 08:30 AM EDT Reads: 4,594
Recent technology advances in miniaturization has positioned the wearables as the pinnacle of technology convergence with the human body. We inquire if wearables are mere standard miniaturized devices extended with the connectivity and present our views on considerations like design, applications, performance, efficiency, interoperability, usage scenarios, human device interaction and consequent trade-offs enabling wearables to impart optimal value.
May. 5, 2015 08:00 AM EDT Reads: 1,784
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
May. 5, 2015 08:00 AM EDT Reads: 658
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, will review the changes that the cloud computing industry has gone through over the last five years and share insights into what the next five will bring. He will chronicle the challenges enterprise companies are facing as they move to the public cloud. He will delve into the “Hybrid Cloud” space and explain why every CIO should consider ‘hybrid cloud’ as part of their future strategy to a...
May. 5, 2015 08:00 AM EDT Reads: 733
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 5, 2015 08:00 AM EDT Reads: 3,519
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
May. 5, 2015 08:00 AM EDT Reads: 3,609
“This win means a great deal to us because it is decided by the readers – the people who understand how use of our technology enables new insights that drive the business,” said Matt Davies, senior director, EMEA marketing, Splunk. “Splunk Enterprise enables organizations to improve service levels, reduce operations costs, mitigate security risks, enhance DevOps collaboration, create new product and service offerings and obtain deeper insight into customer behavior. Being named Best Business App...
May. 5, 2015 07:45 AM EDT Reads: 2,931
In his session at DevOps Summit, Andrei Yurkevich, CTO at Altoros, provided an overview of all the benefits and opportunities, as well as drawbacks of deploying Cloud Foundry PaaS with Juju and compared it to BOSH. Discover the features that overlap, and understand what Juju Charm is, what it is not, where you use one or the other or where you use both BOSH and Juju Charms together. Andrei Yurkevich is Cloud Foundry protagonist and CTO at Altoros. Under his supervision, the Altoros engineering ...
May. 5, 2015 07:30 AM EDT Reads: 3,568
Enterprise IoT is an exciting and chaotic space with a lot of potential to transform how the enterprise resources are managed. In his session at @ThingsExpo, Hari Srinivasan, Sr Product Manager at Cisco, will describe the challenges in enabling mass adoption of IoT, and share perspectives and insights on architectures/standards/protocols that are necessary to build a healthy ecosystem and lay the foundation to for a wide variety of exciting IoT use cases in the years to come.
May. 5, 2015 07:15 AM EDT Reads: 1,236
Avnet, Inc. has announced that it ranked No. 4 on the InformationWeek Elite 100 – a list of the top business technology innovators in the U.S. Avnet was recognized for the development of an innovative cloud-based training system that serves as the foundation for Avnet Academy – the company’s education and training organization focused on technical training around top IT vendor technologies. The development of this system allowed Avnet to quickly expand its IT-related training capabilities around...
May. 5, 2015 07:00 AM EDT Reads: 760
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, explored the synergies in these two approaches, with practical tips, techniques, research data, wa...
May. 5, 2015 07:00 AM EDT Reads: 5,823
Software is eating the world. Companies that were not previously in the technology space now find themselves competing with Google and Amazon on speed of innovation. As the innovation cycle accelerates, companies must embrace rapid and constant change to both applications and their infrastructure, and find a way to deliver speed and agility of development without sacrificing reliability or efficiency of operations. In her Day 2 Keynote DevOps Summit, Victoria Livschitz, CEO of Qubell, discussed...
May. 5, 2015 06:00 AM EDT Reads: 4,757
Shipping daily, injecting faults, and keeping an extremely high availability "without Ops"? Understand why NoOps does not mean no operations. Agile development methodologies require evolved operations to be successful. In his keynote at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how Microsoft teams who have made huge progress with a DevOps transformation effectively utilize operations staff and how challenges were overcome. Regardless ...
May. 5, 2015 05:00 AM EDT Reads: 909