Written by Ostendio on November 10, 2021

Ostendio becomes a Mission Corporation

Growing company with purpose encourages employees to be a force for good

Arlington, VA. November 10, 2021 - Ostendio, a leading provider of always-on integrated risk management technology, today announced that it is joining the Mission Corporation movement of companies. This purpose-driven group of companies believes in a set of specific commitments to manage corporate, capital, and operational structures. These principles guide growth for investors and employees while making a positive impact in the community.

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“As a founder, the goal from day one was to build a successful organization that helped with security, but also to build a company that would make a difference in the community,” said Grant Elliott, CEO, and Chairman, Ostendio. “Becoming a Mission Corporation has helped to structure and streamline our goals of being a company with a purpose, and a company all employees can be proud of.” Elliott added, “Our purpose is to reduce risk by improving security for all. By doing this, we can achieve a positive return for our shareholders and contribute positively to society as a whole.” 

In the book, Mission Corporation, authors Michael T. Moe and Michael M. Carter explain the idea of a Mission Corporation company as one which re-examines capitalism and how companies can be profitable and also be a force for good. Companies commit to the seven declarations of a Mission Corporation including equity for all employees, employee time off to volunteer (Ostendio offers 6 days to each employee), establishing core values, commitment to diversity and inclusion, and developing team member skills. 

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Marc Bandini, President and COO, Ostendio added, “With the support of the Ostendio board, investors and employees, we believe becoming a Mission Corporation will drive success at Ostendio.” He added, “The Ostendio team is excited to get out there and make a difference in the lives of others.”

Today’s announcement builds on Ostendio’s Pledge 1% membership since 2017. Ostendio provides ongoing support to several organizations including:

More background to Ostendio joining the Mission Corporation movement can be found at How Ostendio Found Its Purpose

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