Continuity Control closed its mezzanine security offering after increasing its fundraising cap


Change: offered +5% / raised +91% / placed 100%
continuity engineContinuity Control closed its unregistered mezzanine offering after increasing the placement’s size by 5% to $1.05 million. The offer closed after the company raised $500,000 from two additional investors within almost six months. At closing, a total of five investors had subscribed to Continuity Control‘s offering. The company closed three unregistered private placements which raised an estimated $5.99 million.
Continuity Control develops and markets a compliance management system (CMS) which has been engineered to reduce the regulatory impact (time, cost and risk) for community banks and credit unions. The single, unified system automates the entire regulatory lifecycle, managing regulatory updates, policies, procedures, risk, vendors, audit, business continuity and exam preparation along with compliance strategy and planning.
The company, headquartered in New Haven CT, is led by Andrew Greenawalt (CEO). Continuity Control kept its revenues undisclosed.
The board of directors includes Carl Blandino, Michael Nicastro and Peter Longo.The company has raised an estimated total of $7.04 million via private unregistered security offerings.Continuity Control is registered under the name Continuity Engine
 

Offering recap
Status: Completed
Company: Continuity Control
Industry: Other Technology
Amount offered: $1.05 million
Amount placed: $1.05 million
First sale: 12-23-2013
Data as of: 06-20-2014

For more information visit www.XDATA.co

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