The devas faced a very great enemy in Sura Padma who had a boon that he could be killed only by a son of Shiva and Parvathy. Sathi took birth as the daughter of the mountain(Parvathy) Himalayas and started doing penance on Shiva for getting him as her husband. However this incident upset Paramashiva and he entered into deep meditation. Consequently at the behest Of Paramashiva Daksha was killed and later given life with a goat’s head.
Daksha insulted her husband and she jumped in to the fire and ended her life. However Sathi went to attend the function in spite of Paramashiva’s protest. Daksha and Paramashiva were not getting on well and consequently he did not invite Paramashiva for one of the great fire sacrifices that he conducted. He married Sathi, the daughter of Daksha.
Parama shiva is one of the trinity of Hindu pantheons who is in charge of destruction. At his request Hayagreeva taught him the 1000 names of Lalitha. This stotra occurs in Brahmanda purana in the chapter that contains the discussion between Hayagreeva and Agasthya.