Industry veteran to help provide strategic direction to new company NEW HAVEN, Conn., July 22, 2009 – Continuity Engine, the creator of an on-demand platform that offers solutions to the regulatory compliance process for community financial institutions, recently announced that financial services technology veteran Mike Nicastro has joined its board of directors.
This year Continuity Engine began selling its products to banks and credit unions across the country and Nicastro will help lead the company’s strategic direction and manage the growth of its product base. Nicastro stated, “I have had the pleasure of knowing and working with Andy Greenawalt in the past and I look forward to helping Andy and his team achieve their goals. The entire team brings key industry expertise and insight to Continuity Engine and we are all excited by the new space the company will create within the industry. Currently, I lead one of the largest business networks in Connecticut and I am a member of the state’s Angel Investor Forum. As a result, I see the crucial need for Connecticut to leverage and invest in new companies that will not only create jobs but that will also create new and innovative solutions for the respective industries that they serve.”
With more than 25 years of experience providing technology to community financial institutions, Nicastro is a leading strategist in the industry. Nicastro currently heads the Central Connecticut/Greater Bristol Chambers of Commerce in Bristol, Conn. After 14 years, Nicastro retired last year from his role as the senior vice president and chief marketing officer of Open Solutions Inc. Open Solutions, of which Nicastro was one of the original employees, is one of the leading providers core processing platforms and technology. Nicastro also oversaw marketing and management of various platform technologies during his tenure with NCR Corporation’s Data Services Division and he is a former employee of Citicorp and the former Conn.-based Bristol Savings Bank. “Mike has years of industry leadership and experience that he brings to Continuity Engine, in addition to the successful partnerships and relationships that he has cultivated during his career,” Andy Greenawalt, CEO and founder of Continuity Engine said. “Mike has led the strategic vision for transformational companies in the past and we look forward to him bringing that same level of innovation and energy to the new wave of technology that Continuity Engine is introducing.”
About Continuity Engine
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 and credit unions to create business continuity solutions that manage policies, procedures and audit programs. Continuity Engine provides an innovative, on-demand platform 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