Agio Technology Kicks Off iPad Challenge for Hedge Funds

New York - 28 September 2010

Agio Technology, a provider of managed IT services for premier hedge funds, today announced that it will kick off the Agio iPad Challenge for hedge funds, beginning on October 1 through November 30. The purpose of the Agio iPad Challenge is to collect hard data on how the iPad is used in the hedge fund space. Agio’s iPad Challenge participants include funds ranging from $50 million to $1 billion AUM.

“We believe the advent of the iPad will bring about a noticeable shift in the dynamic IT environment of hedge funds,“ said Bart McDonough, CEO. “We are looking to the iPad Challenge to provide valuable insight into how the hedge fund community actually uses, and benefits from, this technology.” Agio will provide each hedge fund participant with a new Apple 3G iPad, pre-loaded with Agio’s recommended top 10 apps for hedge funds. The apps include Bloomberg, Thomson Reuters News Pro, Wall Street Journal, Nasdaq OMX-Ofoloio HD, Daily Stocks, powerOne Financial Calculator, Stock Portfolio for iPad, iCurrency Pad, Numbers, and Loki-10K Annual Reports.

Agio will offer participants unlimited access to its around-the-clock customer service and support as well as AT&T 3G service for the duration of the Agio iPad Challenge. At the end of the two-month period, participants will be asked to complete a survey detailing
their experience with the iPad, of which Apple has sold approximately 4 million since its release in April 2010. Some of the survey questions include:

• Did the iPad replace your other daily devices?
• When did you use the iPad the most?
• When didn’t you use the iPad?
• What surprises you about the iPad?
• How did the IPad integrate with your work?

The findings will be published on Agio’s homepage.


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