Continuity Engine Selected by the Connecticut Technology Council as a 2009 Company to Watch
Selection is part of organization’s third annual
Cantor Colburn/CCAT Innovation Pipeline Awards
NEW HAVEN, Conn., Sept. 9, 2009 – Continuity Engine, the creator of an on-demand platform that automates the regulatory compliance process for community banks and credit unions, has been selected by the Connecticut Technology Council as a 2009 Company to Watch in recognition of its flagship product, Control. The Connecticut Technology Council, the state’s industry association for the technology sector, annually recognizes companies with sales under $5 million, an innovative product or service and a business model that demonstrates potential for future success.
“Having founded a security company that served thousands of banks and credit unions, I recognized the barriers that they face when trying to manage the rising cost of compliance,” Andy Greenawalt, founder and CEO of Continuity Engine explained. “We have created Control as an innovative solution to those problems. We are very excited about our selection by the Connecticut Technology Council as a Company to Watch and the support that it gives to our efforts of introducing a new approach to compliance technology for the industry.”
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.
As a Company to Watch Continuity Engine is a finalist for eight Innovation Pipeline Award categories, including the most promising new technology product or service and the most promising software product of the year. The winners will be announced at an awards program on Sept. 17.
For more information about the Cantor Colburn LLP / CCAT Innovation Pipeline Awards, or to attend this event, 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