[January 26, 2015]

Hiperos Posts Record FY2014 Results

Hiperos, an Opus Global company and the leading provider of third-party management software, today announced record financial results for 2014, highlighted by a 101 percent increase in annual contract revenues, 100 percent customer renewal rates and record numbers of new customer contracts.

"Continual reports of data breaches, corruption cases, and supply chain failures are shaking corporate confidence in their ability to identify and manage third-party risk. Boards, executives and regulators are demanding corporations truly know the third parties they are doing business with and implement systems to properly manage that risk," says Greg Dickinson, CEO of Hiperos. "Our 2014 results confirm that third-party management has become a must-have solution for today's global corporations. We are thankful to our growing customer base and proud to be the leader of a market that is redefining how organizations manage their third parties."

Hiperos advanced strongly on multiple fronts. Newly signed annual contract value, a leading growth indicator for software-as-a-service providers, increased by 101 percent compared to 2013. This was paralleled by a 75 percent increase in new name customers in 2014 compared to 2013, with average contract value also increasing significantly year-on-year. Use of the Hiperos platform also surged, with the volume of interactions between Hiperos customers and third parties in 187 countries increasing by 104 percent in 2014.

Demand was strong from blue-chip companies including top name brands in the banking, consumer goods, life sciences, energy exploration and information technology sectors. In the fourth quarter alone, Hiperos added four companies from the Fortune 500, three more from the Forbes Global 2000, plus three of the largest banks in the world.

Growth also accelerated significantly within the year, wit performance booming in the second half. New annual contract value signed in the second half was up also, 101 percent from the first half, while new logos were up 150 percent in the same period. This intra-year boost coincided with Hiperos' acquisition by Opus Global in July 2014 and a new injection of resources and expertise.

"This is an outstanding result," says Doug Bergeron, founder and CEO of Opus Global. "Greg and his team have delivered a stellar performance in 2014. Hiperos has an envious track record of customer growth, satisfaction and retention. The strategic investments we have made since acquiring the company are already yielding results, enabling Hiperos to deliver even greater value and service to existing customers and accelerate its ability to attract new ones. We are immensely happy having Hiperos in the fold and look forward to pursuing further growth together."

Hiperos also invested strongly in personnel in 2014, boosting worldwide staff by 68 percent to support growth in client services, customer success, support, engineering, operations, marketing and sales. Two new offices were added - in Palo Alto (News - Alert), California and Chicago, Illinois - giving the company six satellite offices in addition to global headquarters in Branchburg, N.J.

About Hiperos

Hiperos, an Opus Global company, is the leader in Third-Party Management software connecting over 340,000 third parties to many of the world's largest companies across a range of industry verticals including energy, financial services, manufacturing, real estate, pharmaceuticals, and technology. 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 the global 2000 and business consortiums to address their expanding third party management requirements, Hiperos 3PM™ has become the industry's most widely used SaaS (News - Alert)-based 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, Baker Hughes (News - Alert), Bank of Montreal, CA Technologies, Charles Schwab, Fulton Bank, Halliburton, Huntington Bank, JLL, Kellogg, Kraft Foods, Mondelez, Microsoft, News Corporation, NYC Community Bancorp, Peabody, PNC Bank, Rockwell Automation (News - Alert), Sun Life Financial, State Street, TD Bank, United Technologies and Zion's Bank. For more information, visit http://www.hiperos.com.

About Opus Global Headquartered in Palo Alto, California, Opus Global was created through a $500 million partnership between GTCR, one of the world's leading private equity firms, and Doug Bergeron, former CEO of Verifone. 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 software-based solutions and related services. For more information about Opus Global, please visit http://www.opusglobal.com.

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