|[July 08, 2014]
GTCR and Opus Global Acquire Hiperos
CHICAGO & BRANCHBURG, N.J. --(Business Wire)--
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 (News - Alert)-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 (News - Alert), 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
"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. Rohe. "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 (News - Alert), 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 (News - Alert) 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.
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