Internet Software and Services
Company Overview of Hiperos, LLC
Hiperos, LLC provides SaaS-based third party management software platform for managing third parties and third party relationships worldwide. Its platform helps businesses to minimize the risk of reputational impact, regulatory exposure, and revenue loss; and provides third party planning, work queue management, regulatory compliance, risk management, compliance management, on-boarding, contract risk management, and performance management solutions; and offers analytics that delivers dashboards, reports, metrics, charts and maps, and essentials to manage 3rd parties. The company’s platform provides solutions for management of third parties, such as suppliers, vendors, contract manufacturers,...
304 Turnpike Road
Southborough, MA 01772
Founded in 2007
Key Executives for Hiperos, LLC
Chief Executive Officer and Director
Founder and Vice Chairman
Senior Vice President of Customer Success
Compensation as of Fiscal Year 2014.
Hiperos, LLC Key Developments
Hiperos Signs Third Credit Card Network to Use its Global Third-Party Management Platform
Feb 9 15
Hiperos announced it has signed a third major credit card network to use its global third-party management platform. This is in addition to seven financial institutions signing up as new name customers in the fourth quarter of 2014. The win has significance for the evolution of systemic security and cost efficiency in the global credit card and payments technology industries. The critical mass created by a third credit card network exponentially improves cost efficiencies extracted from the Hiperos platform as all third parties are driven toward a consistent risk standard with uniform checks and balances and standardized reporting.
Hiperos Announces New Contracts with Three Top 50 U.S. Banks
Nov 12 14
Hiperos announced that it has secured multi-year, seven-figure deals with three of the top 50 U.S. banks. The banks plan to use Hiperos 3PM(TM), Hiperos' SaaS-based product, to implement comprehensive, effective third-party risk management processes that better address the increasing regulatory focus on risk and compliance related to third-party relationships. The three contracts were all executed in the past 30 days. Since 2012, regulators including the Consumer Financial Protection Bureau (CFPB), the Federal Financial Institutions Examination Council (FFIEC), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board (FRB) have all issued new or updated guidance regarding their expectations of how banks should manage their relationships with third parties. While guidance about banks and their relationships with their third parties is not new, the changes in the scope and specificity of the regulatory guidance signal a different level of expectations, compelling banks to review the efficacy of their controls and expand their programs to address all third parties, versus a limited number of primarily IT vendors. The impetus for companies to validate all of their third parties -- not just a core group of suppliers -- and understand the nature of their business relationships continues to generate news across many industries. Two major retailers, for instance, have disclosed that data breaches exposing information from more than 100 million credit cards were caused by thieves gaining control of third-party vendors' credentials. These incidents highlight the risks that companies continue to take by managing only a sub-set of their third parties for specific risks, versus taking a holistic approach.
Hiperos, LLC Presents at National Association of Corporate Directors (NACD) Small-Cap Forum, Jul-17-2014 09:30 AM
Jul 14 14
Hiperos, LLC Presents at National Association of Corporate Directors (NACD) Small-Cap Forum, Jul-17-2014 09:30 AM. Venue: Four Seasons Hotel, 757 Market St., San Francisco CA 94103, United States. Speakers: D’Anne Hurd, Lead Independent Director, Audit Committee, Compensation Committee.
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