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01/27/2010

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^TM, 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^TM, 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."