<ul data-eligibleForWebStory="true"><li>Envestnet plans to sell its open finance and data analytics subsidiary, Yodlee, to private equity firm STG.</li><li>The transaction is expected to close in the third quarter, subject to customary closing conditions.</li><li>STG is focused on investing in software, data, and analytics firms, aiming to accelerate Yodlee's investment in product innovation and customer success.</li><li>Envestnet's CEO stated that the transaction will allow the company to focus on its core offerings, including its wealth management platform.</li></ul>

Envestnet to Sell Open Finance Subsidiary Yodlee to STG

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