Agio Technology has announced it has successfully completed the Type 2 Statement on Standards for Attestation Engagements (SSAE 16) examination for its control procedures and compliance. The SSAE 16 SOC 1 Type 2 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). It defines the professional standards used by a service auditor to assess and report on the internal controls of a service organization. The Type 2 examination verifies that Agio Technology's clients are offered the most secure solutions to meet their challenging business requirements in a constantly changing environment.
In making the announcement today, Bart R. McDonough, Founder and CEO of Agio Technology, said:
œSuccessfully completing the Type 2 examination is one more example of Agio's total commitment to best practices in creating and maintaining a robust and comprehensive control environment.
Lynn Murphy, Agio Technology Chief Compliance Officer, commented:
œHedge fund managers face increasing pressure from regulators and institutional investors to provide higher levels of transparency into their operations and controls, as well as the operations and controls of their service providers. Agio's SOC 1 Type 2 report and our Enterprise Service Platform (ESP) provide our clients with additional tools to assist them in their due diligence and institutional investor meetings. The Type 2 report covered: Change Management, Computer Operations, Incident Management, Data Communications, and Information Security."About Agio Technology
Agio Technology provides superior managed IT services to the world's premier hedge funds through technology hosting, monitoring, management, disaster prevention and recovery and other high-end technology services. Our infrastructure, people and culture are of one with our hedge fund clients, allowing us to not only be responsive to their needs but, in many cases, anticipate them as well. We provide our investment management and technology executive clients with the comfort to focus on their core competencies knowing Agio has full control of the complex technology services they have entrusted to us.
To continue to earn their trust, we employ rigorous standards around customer service, hiring, training, learning and growth “ and seek to mirror the dynamic culture, and the sense of urgency, surrounding a premier hedge fund. Agio Technology is headquartered in New York City, with operational headquarters in Norman, OK and offices in Boston, MA; Dallas, TX; San Francisco, CA; Seattle, WA; London, England and Hong Kong, PRC.Contacts
Kate Wood, 212.299.8203
Tom DeBow, 212-977-8815