banking

Andera acquires S.F. mobile tech firm

“FINALLY, financial institutions can work with a single provider to originate all products in all channels – mobile, Web, call center and branch,” said Charlie Kroll, founder and CEO of Andera.
Posted 10/11/11

PROVIDENCE – 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.

“Finally, financial institutions can work with a single provider to originate all products in all channels – mobile, Web, call center and branch,” said Charlie Kroll, founder and CEO of Andera. “Having one platform and one vendor simplifies life for our clients—and provides a better experience for their customers and members.”

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.

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