Hiperos, LLC, a Southborough, MA-based provider of on-demand software for extended enterprise management, has received a minority investment of undisclosed amount from Summit Partners.
Founded in 2007 by industry veterans CEO Greg Dickinson, Michele Flynn and John Abbatico, Hiperos provides on-demand supplier lifecycle and risk management solutions that are designed to maximize the value and minimize the risks of a company’s relationships with vendors, resellers, service providers, distributors, partners or brokers.
The software is used to assess the risk, monitor the compliance, measure the performance, and track the corporate responsibility goals of providers as well as to facilitate self-maintenance of information by those providers.
In conjunction with the investment, which will support the company’s efforts to accelerate its strategic plans, Michael Medici, Vice President of Summit Partners, will join Hiperos’ board of directors.
Customers include Aetna, CA Technologies, MasterCard, Microsoft, PNC Bank, State Street, TD Bank, and United Technologies.