#USA #Envestnet #Berwyn #Yodlee #STG

Envestnet, Inc. Completes Sale of Yodlee, Inc. to STG

On September 2, 2025, Envestnet, Inc. announced the successful completion of the sale of its subsidiary, Yodlee, Inc., to STG, a private equity firm with a focus on investing in software, data, and analytics leaders. This strategic move is set to enhance Yodlee's capabilities in the fast-evolving financial landscape.

The transaction was initially revealed on June 25 and underwent customary closing conditions before it was finalized. Marc Bala, Managing Director at STG, emphasized the importance of Yodlee's innovative solutions, which play a pivotal role in providing reliable data access and insightful analytics within the financial ecosystem. He noted that under STG's ownership, Yodlee will be positioned to operate more dynamically, seizing new market opportunities and expediting the delivery of cutting-edge open finance solutions.

Chris Todd, the CEO of Envestnet, echoed similar sentiments, stating that the culmination of this deal sharpens Envestnet's focus as the foremost Adaptive WealthTech company. By concentrating on their core platform and growth objectives, Envestnet aims to provide essential technology, insights, and solutions that financial advisors need to thrive in an ever-changing marketplace. Todd affirmed that the partnership with Yodlee will remain ongoing, allowing advisors to take advantage of Yodlee's leading data aggregation capabilities.

The advisors for this transaction included prominent law and financial advisory firms. Paul Hastings LLP provided legal guidance to STG, while KPMG LLP acted as the transaction advisor. Jefferies LLC was the lead financial advisor, with RBC Capital Markets serving as co-advisor. Envestnet received legal representation from Ropes & Gray LLP and exclusive financial advisory services from BofA Securities.

Founded over two decades ago, Yodlee has established itself as a global frontrunner in the realms of open finance, data aggregation, and analytics. The company's offerings are designed to ensure secure access to data and provide comprehensive insights to financial institutions and their clientele. With a legacy of innovation spanning 25 years, Yodlee's platforms are indispensable for ensuring smarter financial decision-making that fosters growth throughout the financial domain.

The sale comes at a time when there is a growing need for superior data management and analytics solutions, driven by the increasing complexity of financial services. Both Envestnet and Yodlee are poised to leverage their strengths to enhance their market positions as they move forward under new business structures.

With more than 25 years of industry expertise, Envestnet boasts approximately $7.0 trillion in assets managed on its platform and is trusted by an extensive network of financial advisors. This strategic transaction allows the company to focus on its mission of helping advisors navigate their clients through various stages of financial life, further solidifying its place in the adaptive wealth management space.

For further information on how Envestnet is shaping the future of financial advisory services, visit www.envestnet.com and stay connected through their LinkedIn and X accounts @Envestnet_.

STG, with over $12 billion in assets under management, is renowned for investing in mid-market software, data, and analytics companies. Their approach emphasizes collaboration with management teams to build businesses that center around customer needs, ensuring successful outcomes in an ever-competing marketplace. For more insights, visit www.stg.com.