Netrio Acquires Agio to Boost Cybersecurity and IT Services
Deal News | May 23, 2025 | EIN
Netrio, a managed services provider based in McKinney, Texas, has announced its acquisition of Agio, a New York City-based IT and cybersecurity provider, particularly noted for its specialization in the financial services sector. This acquisition marks a strategic move for Netrio, enhancing its capabilities in cybersecurity and expanding its geographical footprint in the Northeast. The integration of Agio brings the advantage of AgioNow, a proprietary Gen AI-powered IT delivery platform, to Netrio's suite of offerings, expected to bolster its customer support and end-user experience nationwide. The acquisition is set to offer expanded services, skills, and growth opportunities for customers and employees alike. Netrio CEO Mark Clayman emphasizes that Agio's addition is a crucial step towards transforming technology leverage for small and mid-market enterprises, enhancing innovation, efficiency, and growth while also reducing cost and risk. Bart McDonough, Agio's CEO and founder, highlights the opportunity the merger provides to amplify Agio's initial goals on a larger scale. Piper Sandler acted as the financial advisor to Agio during this transaction. Although specific deal terms remain undisclosed, the merging of technologies and services reflects a broader trend in the tech sector, where mergers and acquisitions are pivotal for expanding offerings amid a fast-evolving digital and cybersecurity landscape.
Sectors
- Information Technology Services
- Cybersecurity
- Financial Services
- Artificial Intelligence
Geography
- United States – Both Netrio and Agio operate within the United States, with a significant expansion in the Northeast region through this acquisition.
- Texas – Netrio is based in McKinney, Texas, and it maintains operations that reflect its geographic presence.
- New York – Agio is headquartered in New York City, providing a strategic geographic location that Netrio is expanding into.
Industry
- Information Technology Services – The acquisition centers around IT and managed services, with both Netrio and Agio providing specialized offerings in this industry.
- Cybersecurity – Agio is noted for its advanced cybersecurity capabilities, and the acquisition enhances Netrio's expertise in this critical area.
- Financial Services – Agio's specialization in the financial services sector is a key element of this acquisition, impacting Netrio's service offerings in this industry.
- Artificial Intelligence – The use of AgioNow, an AI-powered IT delivery platform, highlights the role of AI in the companies' offerings.
Financials
- Not Disclosed – The terms of the deal have not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Netrio | Acquirer | Company | A managed services provider based in McKinney, Texas, seeking to expand its cybersecurity and IT service capabilities. |
| Agio | Target | Company | A New York City-based managed IT and cybersecurity provider that specializes in services for the financial sector. |
| Piper Sandler | Financial Advisor | Company | Served as financial advisor to Agio in the transaction. |