PROVIDENCE ‚Äď 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.
‚ÄúFinally, financial institutions can work with a single provider to originate all products in all channels ‚Äď mobile, Web, call center and branch,‚ÄĚ said Charlie Kroll, founder and CEO of Andera. ‚ÄúHaving one platform and one vendor simplifies life for our clients‚ÄĒand provides a better experience for their customers and members.‚ÄĚ
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.