www.andera.com

HQ Location: Providence, RI
Product Being Demoed: Andera
Product Launched: New version - Spring 2008
Metrics: Cash-flow positive, 2007 revenue of $3.75M, expected 2008 revenue of $6M, $2.5M raised, 45 employees

How they describe themselves:
Andera pioneered online account opening and funding technology with the first real-time account opening transaction in 2001, and today is the #1 provider in the market with more than 190 leading bank and credit union clients nationwide. The company’s proprietary platform is delivered in a hosted Software-as-a-Service (“SaaS”) model, and is designed to automate the customer acquisition process throughout a financial institution’s various delivery channels, including their branches, call centers, and Web sites.

What they think makes them better:
Andera is the only company in the market focused exclusively on account opening and funding, and has been selected by more U.S. financial institutions than any other competitive vendor. Andera’s key differentiators include its extensive pre-built integrations to bank and credit union core systems, unique support for credit card funding, the best user experience, and enterprise-wide deployment capabilities throughout the financial institution’s various delivery channels, and a strong reputation for happy customers.

Executives: Charlie Kroll (CEO), Kevin Weber (CTO), Keith Roberts (VP of Operations), Kevin Conway (VP of Business Development), Craig Wilke (VP of Products)

Customers: Andera has more than 190 financial institution clients, including M&T Bank, PNC Bank, Umpqua Bank, Alliant Credit Union, and other leading banks and credit unions nationwide.

Partnerships: Harland, Open Solutions, S1, Fidelity (eFunds business unit), Fiserv (multiple business units), Q2 Software, Yodlee, NCR, and others.

Contacts:
Bus. Dev. & Sales – Kevin Conway, VP of Business Development, kconway@andera.com, 972-899-2901
Press – Jennifer Jensen, Marketing Manager, jjensen@andera.com, 401-621-7900