Financial Technology

Financial Technology

October 23, 2012

Agio Adds Global Relay Archiving, Messaging and Compliance Services to Hedge Fund Solutions Portfolio

Global Relay recently announced that Agio Technology has included Global Relay's cloud-based message archiving solutions to its portfolio of hedge funds-based managed IT services. Agio Technology is a specialist in providing managed IT services to leading hedge funds across the globe.

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In a statement, Garvin McKee, managing director of Business Development at Agio, said that, “It was a natural choice to partner with Global Relay, in part because of the company’s track record in financial services and their independently verified security and internal controls. Message archiving is a mission-critical service in the hedge fund industry, as regulatory compliance depends on it. Funds need to have certainty that their data is being handled by a capable firm like Global Relay.”

Through Global Relay's archiving, messaging and compliance offerings as well as other services provided in the cloud, hedge fund clients of Agio will now be able to address SEC (News - Alert) regulations as per the Dodd-Frank Act. Furthermore, Hedge funds will also be able to connect with Global Relay’s Legal Team to benefit from compliance guidance while the Global Relay Audit & eDiscovery Team, will provide support to customers who want to access and manage their data with respect to litigations, SEC exams among other legal requirements.

Shannon Rogers, Global Relay president and general counsel, said that, “The Dodd-Frank Act dramatically increased the number of hedge funds, private equity funds and investment advisors that are subject to SEC requirements for the retention and monitoring of electronic messages like email, Bloomberg, BlackBerry (News - Alert), social media and many others. Like Global Relay, Agio Technology is widely respected for its expertise in hedge funds. This partnership will enable both of our companies to serve even more of the hedge fund market.”

Global Relay specializes in archiving the electronic messaging data of hedge funds and also provides its clients with an extensive number of mobile apps which provide access to archived messages. The company designs these apps for iPhone (News - Alert), iPad, BlackBerry and Android devices, in addition to providing users with a Microsoft Outlook plug-in and web browser access.

Edited by Brooke Neuman

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