Envestnet, Inc. announced it has entered into a definitive agreement to sell 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 is expected to close in the third quarter of 2025, subject to customary closing conditions.

This strategic divestiture positions Yodlee for accelerated growth and continued client support under STG's stewardship. Founded in 2002 and previously known as Symphony Technology Group, STG has a proven history of propelling market leaders through its deep experience, flexible approach, and over $12 billion in assets under management as of March 2025. Yodlee, a leader in open finance, data aggregation, and analytics, will become part of STG's expanding global technology portfolio that includes prominent companies such as 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."

"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 intends to leverage its transformation experience to help Yodlee deliver increased value to clients, attract and retain top talent, and achieve best-in-class business performance. With a focus on customer-centric innovation, the firms aim to rapidly invest in technologies and deliver enhanced solutions to the financial sector.

Going forward, Yodlee's leadership and team will play an essential role ensuring clients experience seamless, high-quality service continuity while benefiting from focused, forward-looking growth strategies tailored to their evolving needs.

Following the close of the transaction, Yodlee will operate with greater agility to pursue innovation and capitalize on emerging market opportunities. Backed by enhanced investment and a leaner operating model, Yodlee expects to accelerate speed-to-market and deliver next-generation solutions across the open finance ecosystem.