Continuity Control said it has raised $10 million in growth funding from an equity firm and two other entities.
The company makes a compliance management system for banks and credit unions. Continuity raised the funds from River Cities Capital Funds, BancVue, and the family of IBM founder Thomas Watson.
As a result of the round, Rik Vandevenne, a director with River Cities, will join the company’s board.
The funding adds to $5.2 million previously raised by Continuity, which said it plans to hire 40 employees in the coming year.