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April 2nd, 2010 - Kaylee Burton

Agio Technology brings jobs, educational opportunities to Oklahoma



Agio opened its Norman headquarters in January and has since added 26 employees, with plans of exceeding 40 by the end of the year.

AGIO-announcement-McDonough-_-Boren-507mhAGIO CEO Bart McDonough speaks as OU President David Boren listens during the AGIO Technology announcement in Norman 3-30-2010. photo/Mark Hancock
Agio Technology, a firm that specializes in managed IT services for hedge funds, opened its Norman headquarters in January and has since added 26 employees, with plans of exceeding 40 by the end of the year.

The company's arrival was officially announced Tuesday by the Norman Economic Development Coalition at Stephenson Research & Technology Center on the University of Oklahoma Research Campus.

OU President David Boren opened the festivities by thanking university students for giving the gift of optimism to the Norman community, which Boren said has spurred unprecedented economic development for the university, the Norman community and the state.

"What we see now is nothing compared to what we will see," Boren said of the future of the OU's research campus, where the Agio offices are located, and of the economic development of the surrounding area.

Agio plans to maintain a partnership with OU in which it will provide student scholarships in areas of importance to the company, internship opportunities and research projects. In turn, the university will provide a qualified pool of recently graduated applicants, in addition to housing Agio's offices in Three Partners Place.

The partnership is Agio's way of "being a good neighbor and contributing to the community," said Don Wood, executive director of the Norman Economic Development Coalition.

In addition to SAC Capital, one of the nation's premier hedge funds, Agio has also secured two more clients, and plans to expand staff as it expands its customer base, Wood said.

"Agio is the poster child" for the types of high-tech jobs Oklahoma is trying to bring into the state, said Natalie Shirley, Oklahoma Secretary of Commerce. The goal is to "transition Oklahoma to a knowledge-based economy," which will help the state thrive economically.

"Wow, these people are knowledgeable, capable and passionate," Bart McDonough, CEO of Agio Technologies, said of Oklahoma, his home state and top choice for Agio's headquarters.

"We're a service company," said McDonough. "The passion that Oklahomans have for customer service
 
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