Envestnet to Sell Yodlee to STG for Undisclosed Sum

Whats Happening:

Envestnet, Inc. has announced a definitive agreement to sell its open finance and data analytics subsidiary, Yodlee, Inc., to private equity firm STG. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions. This strategic move allows Envestnet to focus on its core connected wealth management platform while Yodlee gains the opportunity for accelerated growth under STG's stewardship.

Key Moves:

• Envestnet to sell Yodlee to private equity firm STG

• Transaction expected to close in Q3 2025

• Envestnet to focus on core wealth management platform

By The Numbers:

• STG has over $12 billion in assets under management as of March 2025

• Envestnet has approximately $6.5 trillion in platform assets

• Envestnet serves more than one-third of all financial advisors

Key Quotes:

• "We are excited to partner with the team to accelerate their investment in product innovation, customer success, and long-term growth," said Marc Bala, Managing Director at STG.

• "This transaction is the first step in our value creation plan as a private company," said Chris Todd, CEO of Envestnet.

Bottom Line:

The sale of Yodlee to STG marks a significant strategic shift for Envestnet, allowing it to concentrate on its core wealth management business while providing Yodlee with new opportunities for growth and innovation under private equity ownership. This move could reshape the landscape of financial data analytics and open finance solutions.

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