|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.
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Feb. 26, 2017 01:30 AM EST Reads: 5,206
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
Feb. 26, 2017 01:15 AM EST Reads: 1,735
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
Feb. 26, 2017 12:00 AM EST Reads: 1,473
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Feb. 25, 2017 11:45 PM EST Reads: 1,976
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Feb. 25, 2017 10:45 PM EST Reads: 8,583
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Feb. 25, 2017 10:30 PM EST Reads: 1,862
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
Feb. 25, 2017 09:45 PM EST Reads: 9,319
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Feb. 25, 2017 09:00 PM EST Reads: 9,121
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Feb. 25, 2017 08:45 PM EST Reads: 4,726
FinTech is the sum of financial and technology, and it’s one of the fastest growing tech industries. Total global investments in FinTech almost reached $50 billion last year, but there is still a great deal of confusion over what it is and what it means – especially as it applies to retirement. Building financial startups is not simple, but with the right team, technology and an innovative approach it can be an extremely interesting domain to disrupt. FinTech heralds a financial revolution that...
Feb. 25, 2017 08:45 PM EST Reads: 1,944
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Feb. 25, 2017 08:00 PM EST Reads: 13,562
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Feb. 25, 2017 08:00 PM EST Reads: 11,326
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. 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 June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Feb. 25, 2017 08:00 PM EST Reads: 1,916
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products an...
Feb. 25, 2017 07:45 PM EST Reads: 558
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 25, 2017 07:30 PM EST Reads: 1,820