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.