BERWYN, Pa., Sept. 2, 2025 /PRNewswire/ — Envestnet, Inc. today announced that it has completed the sale of Yodlee, Inc., its open finance and data analytics subsidiary, to STG, a private equity firm focused on fueling innovative software, data, and analytics market leaders. The transaction was first announced on June 25 and closed following the satisfaction of customary closing conditions.
“Yodlee’s solutions are integral to enabling trusted data access and intelligent analytics across the financial ecosystem,” said Marc Bala, Managing Director at STG. “Under STG’s ownership, it will operate with greater agility to pursue emerging market opportunities, accelerate speed-to-market, and deliver next-generation open finance solutions. Building on its leadership in open finance, we will drive innovation and deliver enhanced value to clients worldwide.”
“Closing this transaction sharpens our focus as the leading Adaptive WealthTech company, committed to delivering the technology, insights, and solutions advisors need to thrive in a changing marketplace,” said Chris Todd, CEO of Envestnet. “Our ongoing partnership with Yodlee ensures advisors will continue to benefit from its market-leading data aggregation capabilities, while we concentrate on advancing Envestnet’s core platform and growth priorities.”
Advisors
Paul Hastings LLP acted as legal advisor, KPMG LLP acted as transaction advisor, Jefferies LLC acted as lead financial advisor, and RBC Capital Markets served as co-advisor to STG.
Ropes & Gray LLP acted as legal advisor and BofA Securities acted as exclusive financial advisor to Envestnet.
About Envestnet
Envestnet is the Adaptive WealthTech company that helps advisors meet the moment with its comprehensive technology, insights, solutions, and industry-leading support. This empowers advisors to make smart decisions throughout every step of a client’s financial life. Backed by 25 years of experience and approximately $7.0 trillion in platform assets, Envestnet is trusted by over a third of all financial advisors across many leading banks, wealth managers, brokerages, and RIAs.
For a deeper dive into how Envestnet is shaping the future of financial advice, visit www.envestnet.com. Stay connected with us for the latest updates and insights on LinkedIn and X (@Envestnet_).
Envestnet refers to the family of operating subsidiaries of the holding company, Envestnet, Inc.
About Yodlee
Yodlee, Inc. is a global leader in open finance, data aggregation, and analytics, providing secure data access and advanced insights to financial institutions and their clients. With a 25-year history of innovation, Yodlee’s platforms power smarter financial decisions and fuel growth across the financial ecosystem. For more information, visit www.Yodlee.com
About STG
STG is a private equity firm specializing in investments in software, data, and analytics companies in the mid-market. With more than $12 billion in assets under management, STG partners with management teams to build customer-centric, market-winning businesses and has a global investment portfolio of more than 50 innovative companies. For more information, visit www.stg.com.
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SOURCE Envestnet
