Continuity Engine Receives Innovation Award from the Connecticut Technology Council
Compliance solutions provider wins Cantor Colburn/CCAT Innovation Pipeline award
NEW HAVEN, Conn., Sept. 22, 2009 – Continuity Engine, the creator of an on-demand platform that automates the regulatory compliance process for community banks and credit unions, recently received the Most Significant Early Stage Capital Investment award from the Connecticut Technology Council (CTC) during its third annual Innovation Pipeline awards ceremony. The CTC, the state’s industry association for the technology sector, annually recognizes companies with an innovative product or service and a business model that demonstrates potential for future success. This year, the association recognized Continuity Engine’s flagship product, Control, among a field of 119 promising companies.
“The Connecticut Technology Council recognizes the significance of new technology and its ability to transform a company or industry,” Andy Greenawalt, founder and CEO of Continuity Engine explained. “We are extremely honored to first be named a Company to Watch, and now a winner of the Most Significant Early Stage Capital Investment award. This is welcomed support of our efforts to recognize regulatory compliance barriers that all community financial institutions face and transform the process with Control.”
Control is a Web-based, SaaS (Software as a Service) platform that lets users simplify the work of compliance by turning it into a series of simple steps, automating those steps and delivering all of the reporting to satisfy oversight needs. The steps are bundled in to ActionPacks, compliance plans that provide policies, tasks and assignments, so that all of the annual oversight, periodic reviews and routine operational tasks get to the right people at the right time.
Continuity Engine was honored during an awards program on Sept. 17. The program was the culmination of the Cantor Colburn/CCAT Innovation and Entrepreneurship Summit. Over 350 entrepreneurs, investors and service providers were in attendance.
For more information about the Cantor Colburn LLP / CCAT Innovation Pipeline Awards, please visit the CT Technology Council’s Web site at www.ct.org.
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.
About Cantor Colburn LLP
Cantor Colburn specializes in intellectual property law helping companies both large and small succeed in this critically important area of the law. Its philosophy is to partner with clients, both large and small, to provide them with quality, timely, and cost effective legal services so that they can maximize and enjoy the full value of their intellectual property assets. Its practice covers all aspects of intellectual property law, extending to industries as diverse as biotechnology, telecommunications, polymeric materials, optical imaging, petroleum, electrical power systems, medical instrumentation, software, optics, and industrial safety protection products.
About the Connecticut Center for Advanced Technology
The Connecticut Center for Advanced Technology, Inc. helps private and public entities to apply innovative tools and practices to increase efficiencies, improve workforce development and boost competitiveness. CCAT functions as a unique economic development organization that combines expertise in cutting-edge technology with specialized centers of excellence in manufacturing, education, training, energy and entrepreneurialism. It promotes partnership between industry, academia and government to create a new collaborative framework for addressing 21st-century economic challenges.
About the Connecticut Technology Council
The Connecticut Technology Council is the state’s industry association for the technology sector. CTC’s mission is to “connect people, ideas and opportunities to the global technology and innovation community.” 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. www.ct.org
CONTACT:
Nneka Egwuatu
Media contact for Continuity Engine
678.781.7229
Continuity Engine Receives Innovation Award from the
Connecticut Technology Council
Compliance solutions provider wins Cantor Colburn/CCAT Innovation Pipeline award
NEW HAVEN, Conn., Sept. 22, 2009 – Continuity Engine, the creator of an on-demand platform that automates the regulatory compliance process for community banks and credit unions, recently received the Most Significant Early Stage Capital Investment award from the Connecticut Technology Council (CTC) during its third annual Innovation Pipeline awards ceremony. The CTC, the state’s industry association for the technology sector, annually recognizes companies with an innovative product or service and a business model that demonstrates potential for future success. This year, the association recognized Continuity Engine’s flagship product, Control, among a field of 119 promising companies.
“The Connecticut Technology Council recognizes the significance of new technology and its ability to transform a company or industry,” Andy Greenawalt, founder and CEO of Continuity Engine explained. “We are extremely honored to first be named a Company to Watch, and now a winner of the Most Significant Early Stage Capital Investment award. This is welcomed support of our efforts to recognize regulatory compliance barriers that all community financial institutions face and transform the process with Control.”
Control is a Web-based, SaaS (Software as a Service) platform that lets users simplify the work of compliance by turning it into a series of simple steps, automating those steps and delivering all of the reporting to satisfy oversight needs. The steps are bundled in to ActionPacks, compliance plans that provide policies, tasks and assignments, so that all of the annual oversight, periodic reviews and routine operational tasks get to the right people at the right time.
Continuity Engine was honored during an awards program on Sept. 17. The program was the culmination of the Cantor Colburn/CCAT Innovation and Entrepreneurship Summit. Over 350 entrepreneurs, investors and service providers were in attendance.
For more information about the Cantor Colburn LLP / CCAT Innovation Pipeline Awards, please visit the CT Technology Council’s Web site at www.ct.org.
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.
About Cantor Colburn LLP
Cantor Colburn specializes in intellectual property law helping companies both large and small succeed in this critically important area of the law. Its philosophy is to partner with clients, both large and small, to provide them with quality, timely, and cost effective legal services so that they can maximize and enjoy the full value of their intellectual property assets. Its practice covers all aspects of intellectual property law, extending to industries as diverse as biotechnology, telecommunications, polymeric materials, optical imaging, petroleum, electrical power systems, medical instrumentation, software, optics, and industrial safety protection products.
About the Connecticut Center for Advanced Technology
The Connecticut Center for Advanced Technology, Inc. helps private and public entities to apply innovative tools and practices to increase efficiencies, improve workforce development and boost competitiveness. CCAT functions as a unique economic development organization that combines expertise in cutting-edge technology with specialized centers of excellence in manufacturing, education, training, energy and entrepreneurialism. It promotes partnership between industry, academia and government to create a new collaborative framework for addressing 21st-century economic challenges.
About the Connecticut Technology Council
The Connecticut Technology Council is the state’s industry association for the technology sector. CTC’s mission is to “connect people, ideas and opportunities to the global technology and innovation community.” 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. www.ct.org
CONTACT:
Nneka Egwuatu
Media contact for Continuity Engine
678.781.7229