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                                                                                                       204 Westminster Street
                                                                                                   Second Floor
                                                                                                   Providence, RI 02903


                                                                                                       Phone: 401.621.7900
                                                                                                   Toll Free: 888.356.1100
                                                                                                   Fax: 401.751.4534


                                                                                                       www.andera.com
 Contact:   Jennifer Jensen Kroll
            Andera, Inc.
            jkroll@andera.com
            401.621.7900 x.32


  ANDERA ACHIEVES MAJOR MILESTONE WITH 200th CUSTOMER WIN
 Pioneer widens its lead as #1 provider for online account opening and funding

PROVIDENCE, RI ­ May 23, 2008 ­ Andera, the #1 provider of online account opening and
funding solutions to the financial services industry, announced today that it achieved a major
milestone with the signing of its 200th financial institution customer.

"Celent investigated the market for online account opening and funding in July of 2007, and
forecast that industry penetration would grow from 2% at that time to 20% by 2010," said
Edward Woods, Analyst with Celent. "As financial institutions increasingly look to cross sell
existing customers and acquire new customer relationships online, the rapid pace of industry
adoption is accelerating as projected."

Andera's 200 customers are some of the most progressive and innovative financial institutions
in the U.S., ranging in size from large top-10 banks to community banks and credit unions, and
collectively represent a total of nearly $450 billion in assets.

"After spending more than three years adding our first hundred customers, we're thrilled to have
achieved our second hundred in less than sixteen months," said Charlie Kroll, CEO of Andera.
"As the financial services industry continues to realize the hidden potential of the online channel
as a sales and revenue driver, we expect this pace to only accelerate further. We are still only
in the early market, and I continue to believe we are just scratching the surface of what will be
possible."

About Andera
Andera is #1 provider of online customer acquisition technologies for retail financial institutions.
Dedicated to helping banks and credit unions use the Web as a tool for sales and growth,
Andera offers a suite of integrated products and services for automated online account
opening, funding, and cross-selling. Andera is headquartered in Providence, R.I. and can be
found on the Internet at www.andera.com.