BERWYN, PA — 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, expected to close in the third quarter of 2025, marks a significant step in Envestnet’s strategy to deepen its focus on its core wealth management platform while positioning Yodlee for accelerated growth under new ownership.
STG, a global investment firm managing over $12 billion in assets as of March 2025, has a strong track record of transforming leading companies in software, data, and analytics. Yodlee, renowned for its expertise in open finance, data aggregation, and analytics, will join STG’s technology portfolio, which includes notable companies like RSA, Trellix, and SurveyMonkey.
“Yodlee sits at the intersection of trusted data access and intelligent analytics,” said Marc Bala, Managing Director at STG. “It has built deep integrations across the financial ecosystem and earned the confidence of the world’s leading banks, asset managers, and wealth platforms. We are excited to partner with the team to accelerate their investment in product innovation, customer success, and long-term growth. We welcome Yodlee to the STG family.”
The divestiture allows Envestnet to sharpen its focus on building its connected wealth management platform while continuing its partnership with Yodlee. “This transaction is the first step in our value creation plan as a private company and will allow Envestnet to focus more deeply on its core connected wealth management platform, advanced insights, and comprehensive solutions,” said Chris Todd, CEO of Envestnet. “Through our continued partnership with Yodlee, advisors will retain access to Yodlee data aggregation technology that helps power their business.”
STG plans to leverage its extensive transformation experience to unlock Yodlee’s potential and drive value for its clients. By investing heavily in innovation and customer success, Yodlee aims to strengthen its leadership position in the open finance ecosystem and deliver next-generation solutions tailored to the evolving needs of its partners.
Post-transaction, Yodlee will operate with greater agility, supported by a leaner structure and enhanced investment. This will enable the company to pursue emerging market opportunities and deliver cutting-edge solutions to financial institutions at an accelerated pace.
Leading advisors and legal teams supported the transaction, including Jefferies LLC and RBC Capital Markets for STG and BofA Securities for Envestnet. The agreement signals a major milestone for both firms, setting the stage for sustainable growth and innovation in the financial technology and data sectors.
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