Continuity Control Expands Alliance Program with Addition of Agility Recovery Solutions
Latest partnership addresses disaster recovery compliance
NEW HAVEN, Conn., April 27, 2010 – Continuity Control™, creator of an on-demand platform to improve and simplify the regulatory compliance process for community banks and credit unions, announced that Agility Recovery Solutions, a disaster recovery and business continuity solutions provider, has joined its Control App Alliance partnership program. The two companies have partnered to establish a new Mobile Recovery Application (App) in order to address the disaster recovery and business continuity compliance requirements that financial institutions face.
With the Mobile Recovery App banks and credit unions are guided through the best practices of using Agility’s recovery solution, ReadySuite. In addition to proactively preparing for disasters or interruptions to business operations, the Mobile Recovery App includes risk assessment and regulatory mapping to examination reporting, as well as oversight. Control Apps are customizable, on-demand applications that simplify the work of compliance by breaking it down into a set of simple steps, automating those steps and delivering reporting to satisfy oversight requirements.
“We are pleased to be partnering with Continuity Control and to be a part of their innovative approach to simplifying compliance,” Bob Boyd, CEO of Agility Recovery Solutions, said. “It is our core belief that every business should have access to affordable and comprehensive recovery solutions. Together, we can ensure financial institutions will be up and running quickly and efficiently to provide peace of mind to customers during hectic times.”
The FDIC, NCUA and other banking regulatory agencies have a growing list of business continuity planning criteria designed to reduce the negative effects of disruptions. For 20 years, Agility has been helping financial institutions plan for, test and recover from interruptions. Agility has helped numerous members meet regulations by providing support and documenting a variety of critical functions. Continuity Control organizes and simplifies this process within a financial institution, effectively addressing the work, resources and costs associated with compliance. The company refers to these aggregated costs as the Compliance Tax™.
“Agility leads the industry in providing critical recovery solutions and we are proud to welcome them to the Control App Alliance,” Andy Greenawalt, CEO of Continuity Control, explained. “The Mobile Recovery App supports Agility’s ReadySuite by taking a great solution and giving users a road map for organizing it. Financial institutions can identify the action items that will get them up and running after a disaster. Each App guides users through the compliance process on a specific issue and automatically creates an audit trail, eliminating the manual labor and guesswork.”
“Control is a powerful platform,” Pete Halenar, SVP of alliances and business development at Continuity Control, added. “All of the Apps that we offer fit together to address the total picture that financial institutions face when addressing the complexity of compliance. Recent natural events and the extreme weather patterns of late underscore the need for a solid business continuity plan. The specialized expertise that Agility brings to the process and this new App has been designed to address this critical area of compliance.”
About Agility Recovery Solutions
Agility Recovery Solutions, a former division of GE, has over 20 years of disaster recovery and business continuity experience. Since 1989, Agility has provided comprehensive, packaged recovery solutions, consulting services and testing options to businesses across North America. Agility revolutionized the disaster recovery and business continuity industries by developing a simple, cost-effective and easy-to-use recovery solution called ReadySuite. Over the past two years, Agility has responded to over 560 disaster events and performed 700 member tests.
For more information visit www.agilityrecovery.com.
About Continuity Control
Founded in 2008 by Software as a Service (SaaS), banking and compliance veterans, the company has pioneered the use of collaboration and social networking among banks, credit unions and industry providers to create compliance and continuity solutions that manage policies, procedures and audit programs. Continuity Control provides an innovative, on-demand platform for regulatory compliance that dramatically simplifies operations and can be understood by every employee of a financial institution.
For more information visit www.continuity.net.
CONTACTS:
Marvin (Mickey) Goldwasser
Continuity Control
203.903.0124 x302
mgoldwasser@continuity.net
Nneka Egwuatu
Media contact for Continuity Control
678.781.7229