It’s not every day that the Wall Street Journal features one of your clients. The end of 2023 saw that spotlight shine on Menke client Hyperion Technology Group touting it as a success story in an article about Mississippi and the American South.
Competitive salaries and benefits burnish Hyperion’s reputation and standing, CEO Geoffrey Carter tells the Journal. He also shared with the publication that he gets offers to move out of state ‘every week’ but has no plans to leave the Magnolia State.
“We are proud to be a native Mississippi high-tech engineering research company,” states Mr. Carter. “I often tell people that it is a privilege to work with some of the smartest and most technically creative people in the world, and that includes our employees, the researchers at our state universities and the other companies we partner with in the state.”
The company started in 2009 and specializes in cutting-edge sensor engineering, focused on “unveiling intelligence through sensing,” according to the company website. From their headquarters in Tupelo, Hyperion is driven by their customers’ missions in the government, commercial and industrial markets as well as advancing the art of engineering. The company’s website calls out their investments in machine learning (ML) and artificial intelligence (AI) as special areas of focus.
In 2019, Hyperion moved to new, larger facilities in Tupelo, expanding its footprint from 11,000 to 48,000 square feet. The move enabled Hyperion to dedicate 30,000 square feet to engineering laboratories and increase its investment in engineering and technology employees by hiring an additional 25 experts. The company counts 16 post-graduate engineering degrees among its workforce.
The company announced its move to employee ownership with an Employee Stock Ownership Plan (ESOP), effective January 2024. Chuck Bachman of The Menke Group commented, “I just did their employee meeting in Tupelo to announce the ESOP. Very positive younger workforce and a great reception for the news about employee ownership.”
Joe Donovan, the director of the Office for Technology, Innovation and Entrepreneurship at the Mississippi Development Authority, points out collaboration between private and public sector as well as Mississippi’s well-regarded universities bring a ‘together as one’ spirit to Mississippi.
With a major presence from the U.S. Department of Defense, ‘blue tech’ or marine businesses along the Gulf Coast, the National Oceanic and Atmospheric Administration moving its data center to the city of Gulfport and ag-tech development in the Mississippi Delta, there are multiple opportunities for Mississippi, Hyperion and its team to continue to explore new missions and grow.
