Continuity Control Selected by AlwaysOn as an AlwaysOn East Top 100 Winner
Recognized for pioneering and creating new opportunities on the East Coast
NEW HAVEN, Conn., July 7, 2010 – Continuity Control™, creator of an on-demand platform designed to automate processes and back office efforts thus simplifying the regulatory compliance process for community banks and credit unions throughout the United States, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn East Top 100 winners. Inclusion in the AlwaysOn East 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Continuity Control was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value and media buzz.
Continuity Control and the AlwaysOn East Top 100 companies were recently honored at AlwaysOn’s Venture Summit East event held on June 21, 2010, at Harvard Business School in Boston.
This two-day executive event featured CEO presentations and high-level debates that highlight the significant economic, political and technology trends impacting the global growth investor on the East Coast. Now more than ever, staying abreast of market conditions and innovations is crucial to financial success.
“After examining the companies that are on the AOE100 list, it’s obvious that innovation is not only alive and well on the East Coast, it’s also accelerating in economic power and scope,” said Tony Perkins, founder and editor of AlwaysOn. “The companies honored certainly represent some of the highest-growth opportunities in the private company marketplace.”
The AlwaysOn East 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list.
Continuity Control provides an innovative Web-based, SaaS (Software as a Service) software platform for automating back office efforts, financial institution controls and reducing the overall burden and issue of increasing governmental oversight as well as the amount of work, resources and costs required which the company refers to as the Compliance Tax™. Customizable Control Applications (Apps) 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. This innovative technology approach provides operational efficiency and enables financial institutions to cost-effectively control, track and manage compliance processes from one central location and automatically create an audit trail.
A full list of all the AlwaysOn East Top 100 winners can be found on the AlwaysOn Web site at:
http://www.aonetwork.com/AOStory/Introducing-AlwaysOn-East-Top-100-Companies-0.
“Various industry associations have cited their strong concerns with the Frank-Dodd financial reform bill because its increased regulatory burden threatens to eventually force valuable community financial institutions out of the market,” Andy Greenawalt, CEO of Continuity Control, explained. “Our mission has been to provide technology to help financial institutions handle it all. Through our simple approach to automating back office tasks and focus on compliance, we are transforming the way the industry addresses this issue and making it manageable for financial institutions of all sizes. After being honored by AlwaysOn earlier this year as a member of the 2010 OnDemand 100, we are pleased that our innovative effort to streamline compliance has been further recognized by the organization.”
About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
About Continuity Control
Continuity Control’s mission is to provide a better way to manage compliance, one that’s simple, effective and affordable. Founded in 2008 by financial service, banking and compliance industry veterans seeking to simplify the process of compliance for banks and credit unions, the company has pioneered the use of collaboration and peer networking among bank, credit union and
financial industry executives to create cost effective solutions that streamline, organize and manage policies, procedures and audit programs. Using a Software as a Service (SaaS) model, Continuity Control has developed an innovative, on-demand Web-based compliance platform that automates the regulatory process for financial institutions, while at the same time offering more visibility, cost savings and operational efficiency. For more information visit www.continuity.net.
CONTACT:
Marvin (Mickey) Goldwasser
Continuity Control
203.903.0124 x302
mgoldwasser@continuity.net