04/19/2010

Continuity Control Selected by AlwaysOn as an OnDemand Top 100 Winner Recognized for creating new opportunities in cloud computing and SaaS

NEW HAVEN, Conn., April 19, 2010 - Continuity Control^TM, creator of an on-demand platform designed to improve and simplify the regulatory compliance process for community banks and credit unions, today announced that it has been named by AlwaysOn as one of the OnDemand Top 100 winners.  Inclusion in the OnDemand 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 OnDemand Top 100 companies will be honored at tonight's AlwaysOn's OnDemand event at Hewlett-Packard's Worldwide Headquarters in Palo Alto, Calif.

 This two-and-a-half-day executive focused event features CEO presentations and high-level debates on how the Internet is disrupting how companies-from small businesses to large enterprises-create, store, distribute, analyze and take advantage of their mission-critical data.

 "As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, analyze and share this information is becoming extremely challenging," said Tony Perkins, founder and editor of AlwaysOn. "We congratulate Continuity Control and this other year's OnDemand 100 for providing the technology platforms and services needed to manage and leverage this new era of information complexity and overload."

 The OnDemand 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 a Web-based, SaaS (Software as a Service) software foundation for automating financial institution controls that also features an online collaborative community. Control Applications (Apps), customizable on-demand programs, 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, are housed on the platform.   This innovative technology approach 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 OnDemand Top 100 winners can be found on the AlwaysOn Web site at:  http://alwayson.goingon.com/permalink/post/34759.

 "With regulatory reform driving increased oversight, the rising costs and resources associated with the compliance process are an effective tax, what we refer to as the Compliance Tax^TM, on community banks and credit unions," Andy Greenawalt, CEO of Continuity Control, explained.  "Through our simple compliance Apps, we're transforming the way the industry does the work of compliance.  We are pleased that our innovative effort to streamline compliance is so quickly gaining recognition within the industry and financial services marketplace. Following on industry recognition from Financial Technology Insight and Finovate, it is an honor to be recognized by AlwaysOn with OnDemand 100."