Continuity Engine Founder and CEO Named to Connecticut Technology Council Board of Directors
State association selects financial services technology entrepreneur to help guide strategic direction
NEW HAVEN, Conn., Jan. 27, 2010 – Continuity Engine, the creator of an on-demand, Web-based software foundation for financial institution controls that automates the regulatory compliance process for community banks and credit unions throughout the United States, announced that its founder and CEO, Andy Greenawalt, has been appointed to the Connecticut Technology Council (CTC)’s board of directors. The CTC is a partnership of Connecticut-based technology providers and organizations committed to growing and diversifying the state’s technology base.
“Andy Greenawalt represents the successful serial entrepreneur that the CTC seeks for a director on its board of directors,” Matthew Nemerson, president and CEO, Connecticut Technology Council, said. “Andy’s newest effort, Continuity Engine, has quickly attracted attention within the financial services industry, as well as new investors, who recognize that his talent and energy will likely propel his new company to success. We are eager to have Andy and his ideas contribute to the growth of the Council as well.”
Control, Continuity Engine’s flagship product, is a Web-based SaaS (Software as a Service) platform that lets users access a wealth of ActionPacks that simplify the work of compliance by breaking it down into a set of simple steps, automating those steps and delivering all of the reporting to satisfy oversight needs. As a cost-effective solution to the increasing government oversight placed on community financial institutions and the increasing cost of compliance, which the company calls the Compliance Tax™, Control received a number of honors in 2009, including winning an innovation award from the CTC.
“It is an honor to join such a prestigious group of leaders,” Greenawalt commented. “I am very impressed with the focus of the Connecticut Technology Council and its mission of supporting the creation of a culture of innovation. Through the Council’s programs and services, there are many opportunities and resources available for Connecticut-based technology companies. I look forward to serving on the board of directors as we work together to promote, encourage and foster the awareness and growth of technology businesses in our state.”
About the Connecticut Technology Council
The Connecticut Technology Council (CTC) is the state’s industry association for the technology sector. The CTC’s mission is to “connect people, ideas and opportunities to the global technology and innovation community.” The CTC provides members with business assistance and specialized programs, in addition to promoting and supporting public policies that position Connecticut to have a globally recognized “culture of innovation” that helps attract great ideas and entrepreneurs to in turn develop new jobs and wealth for the state. For more information about the Council, visit its Web site at www.ct.org or contact the Council at 860.289.0878.
About Continuity Engine
Founded in 2008 by banking, credit union, compliance and Software as a Service (SaaS) veterans, the company has pioneered the use of collaboration and social networking among banks and credit unions to create compliance and continuity solutions that manage policies, procedures and audit programs. Continuity Engine provides an innovative, on-demand software foundation for regulatory compliance, Control, 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 Engine
203.903.0124 x302
mgoldwasser@continuity.net
Nneka Egwuatu
Media contact for Continuity Engine
678.781.7229