NEW HAVEN, Conn.--(BUSINESS WIRE)--Continuity Control™, provider of the award-winning compliance management platform for community banks and credit unions throughout the U.S., announced today that its current growth pattern has continued. As it did in the first two quarters of 2011, the company doubled its revenue again in the third quarter with growth in markets across the country. Additionally, Continuity Control is announcing its partnership with BancVue, a provider of innovative products, dynamic marketing and data-driven consulting solutions for community financial institutions.
Andy Greenawalt, founder and CEO of Continuity Control, said, “From east to west, banks and credit unions are increasingly choosing to rethink their compliance with Continuity Control. California is off to a great start with banks including Mission Oaks National Bank in Temecula and Visalia, Calif.-based Suncrest Bank, while our northeastern region grows with banks such as Putnum County National Bank in New York and many others around the country. This acceleration clearly indicates the rising demand for a complete solution that truly meets the challenges that banks and credit unions face. By acting as a compliance co-op, Continuity Control can bring our clients all of the technology, knowledge, expertise and scale needed to drive down the cost of compliance.
“Our growing number of strategic partnerships is another critical aspect of our strategy,” Greenawalt added, “and we are so excited to partner with BancVue, the most innovative company in our industry. While the BancVue and Continuity teams have two very different solutions, we are both focused on the single mission of helping community financials improve profitability and compete in today’s market. It is on this shared mission that our partnership is based.”
"At BancVue, we help community banks and credit unions more effectively compete with megabanks," said Gabriel Krajicek, CEO of BancVue. "With the growing cost of compliance, community institutions must have access to products that positively affect their productivity and bottom lines. Continuity Control delivers a complete compliance solution that will save our clients money year over year."
For the last four consecutive quarters, Continuity Control’s revenue has doubled, and the company anticipates the fourth quarter of 2011 to greatly exceed previous earnings as well.
About Continuity Control
Continuity Control is the award-winning service that enables community-based financial institutions throughout the U.S. to thoroughly and accurately meet growing compliance requirements, with the added advantage of significant cost savings. Recognized in the 2010 Celent report and named among the “Ten Tech Companies to Watch” by Bank Technology News, Continuity Control combines advanced software with expert, personalized service to help manage regulatory processes. Founded in 2008 by financial service, banking and compliance industry veterans, Continuity's service enhances the operational efficiency of the compliance process, providing detailed visibility as well as significant cost savings. For more information visit www.continuity.net.