Vendio Acquires Majority Stake in Andale

Leading Online Sales Management Firm Purchases Controlling Interest in Leading eBay Listing Management and Research Provider

San Mateo and Sunnyvale, Calif. June 13, 2006—Vendio, a leading provider of services that empower online merchants to reach consumers and manage transactions, today announced that it has acquired, for an undisclosed cash sum, a significant controlling interest in Andale, Inc., one of the largest providers of listing management and research services for sellers on eBay. Pursuant to this purchase, Vendio also appointed five directors to the Andale seven-member Board of Directors. Other details of the agreement were not disclosed.

This strategic investment has already enabled the two companies to share their experiences and leverage their strategic relationships to the benefit of all of their customers while operating businesses that can profitably reinvest in future development and marketing initiatives. Vendio recently announced its 17th consecutive quarter of profitability and brings a depth of relevant operational experience that can be transferred to help strengthen Andale's business significantly for the benefit of customers.

"We are delighted to have the opportunity to work more closely with Andale," said Rodrigo Sales, CEO of Vendio. "Vendio and Andale have complementary strengths that have helped us collectively lead the industry as the two largest sales management providers with the most innovative applications for online merchants. We look forward to sharing the knowledge and relationships we've gained managing our profitable, growing business over the last four years with the Andale team. From economies of scale and category and geographic expansion to new services and technologies, this deal will result in a host of lucrative new opportunities for both companies and the customers they serve."

The newly appointed Board of Directors named long time Andale executive, Ravi Garikipati, as Andale's new Chief Executive Officer upon the earlier resignation of Linda Hayes, who departed to explore another opportunity. Garikipati will manage the daily Andale operations as the two companies determine the best ways to leverage their respective strengths going forward.

"We've always had great respect for one another and recognized that if our complementary strengths and knowledge were leveraged, we would lead the industry with the most comprehensive and innovative solutions for online sellers," stated Ravi Garikipati, CEO of Andale. "There's no doubt that our combined expertise and experience will deliver great new products for the entire industry."

Vendio and Andale are working closely on several strategic initiatives that will produce new and expanded services for the entire seller community, while also exploring ways to further enhance Andale's industry leading research solutions and Vendio's recently launched comparison shopping toolbar, Dealio(TM). (Dealio is the only comparison shopping search engine to effectively incorporate eBay listings—both traditional auctions and fixed price/storefront listings—into its search results.)

About Vendio
Vendio enables merchants to reach consumers, manage transactions, and profitably grow their businesses. Dealio, Vendio's new comparison shopping service, empowers consumers to find the best deals quickly and easily from respected merchants while shopping online. Vendio's award-winning sales management services include Sales Manager Inventory Edition (named by eBay as the most innovative application for the eBay platform in 2005), Vendio Gallery, Vendio Image Hosting, and several other applications that save merchants time and increase their sales.

Vendio was founded in January 1999 and is the independent leader in online sales management. Each month, tens of thousands of small businesses utilize Vendio's sales management and merchandising services to sell over $50MM of products on both their own branded stores as well as the Web's leading marketplaces. The company is privately held, recently celebrated its third year of profitable growth, and is headquartered in Silicon Valley with offices in Eastern Europe.

About Andale
Andale is a leading provider of auction management and research and analytics services to online sellers of all sizes. Andale provides online sellers with listing tools, research and analytics services to give online sellers the "freedom to sell" and make informed business decisions. Andale's Auction management tools help sellers grow their online auction businesses across multiple channels and through distribution of Andale Stores through major search engines. Andale's customers are online sellers of all types-from casual sellers to high volume merchants. Andale is headquartered in Sunnyvale, California and opened offices in Bangalore, India, in 2002. For more information, visit app.vendio.com.

Press Contact:
Dan Russo, Sr. Vice President
Andale, Inc.
pr@andale.com

Vendio and Dealio are trademarks of Vendio Services, Inc. Andale is a registered trademark of Andale, Inc. eBay is a registered trademark of eBay, Inc. All other trademarks and registered trademarks are the property of their respective owners, without intent to infringe.