The data aggregator is being sold to STG for an undisclosed amount in a deal set to close in the third quarter.

Envestnet, which went private in a sale to Bain Capital last year, announced plans to sell Yodlee, the financial data aggregation subsidiary, to STG, a Menlo Park, Calif.-based private equity firm.

Envestnet is selling its open finance and data analytics unit Yodlee to private equity firm STG. Financial terms of the deal were not disclosed.

Buy-out giant Bain Capital agreed to buy Envestnet, a wealth management software company, in a deal valued at $4.5 billion and the latest in a flurry of private-equity M&A activity this year.

Envestnet, Inc.’s ENV shares have gained 26.7% year to date compared with a 9.1% rise of the industry and an 18.4% increase of the Zacks S&P 500 composite. What’s Behind the Rally ENV put on ...

Envestnet posted total revenue of $312.4 million in the second quarter of 2023, down 2% year over year from $318.9 million, and 0.85% lower than Zacks Equity Research consensus estimates.

If Envestnet has emerged as the leader among the five major players in portfolio management software, it’s not for lack of competition. The rivalry seems to grow more intense every year, ...

Envestnet , a U.S. software vendor with a market value of about $3.5 billion, is exploring options that could include a potential sale after receiving takeover interest, people familiar with the ...

BERWYN, PA — Envestnet‘s Elevate 2025, in Las Vegas, brought together over 2,000 financial advisors, RIAs, enterprise leaders, and fintech experts. The event centered on addressing the ...