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Envestnet Completes Sale of Yodlee to STG, Sharpens Focus on Core WealthTech Strategy
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Envestnet Completes Sale of Yodlee to STG, Sharpens Focus on Core WealthTech Strategy
BERWYN, PA — Envestnet, Inc. has finalized the sale of its open finance and data analytics subsidiary, Yodlee, Inc., to private equity firm STG, marking a strategic shift designed to strengthen Envestnet’s position as a leading Adaptive WealthTech provider. The transaction, first announced on June 25, closed earlier this month following the satisfaction of customary conditions. STG, which specializes in investing in software, data, and analytics…
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