PROVIDENCE â€“ Andera Inc., maker of online customer acquisition software, announced Tuesday that it was acquiring oFlows Inc., a San Francisco-based maker of mobile bank customer applications. Terms of the deal between the two privately-held companies were not disclosed.
â€śFinally, financial institutions can work with a single provider to originate all products in all channels â€“ mobile, Web, call center and branch,â€ť said Charlie Kroll, founder and CEO of Andera. â€śHaving one platform and one vendor simplifies life for our clientsâ€”and provides a better experience for their customers and members.â€ť
Andera noted that it currently has 540 customers and has raised more than $13 million from investors. The combined company will remained based in Providence, while maintaining offices in New York City and San Francisco.