Envestnet (ENV) Tops Q2 EPS by 1c; Will Acquire Yodlee (YDLE) in $660M Deal

Envestnet Reports Second Quarter 2015 Financial Results

August 10, 2015 4:20 PM EDT

CHICAGO--(BUSINESS WIRE)-- Envestnet (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, today reported financial results for its second quarter ended June 30, 2015.

            Key Financial Metrics

Three Months Ended June 30,

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Six Months Ended June 30,

% (in millions except per share data)   2015   2014   Change 2015   2014   Change     Adjusted Revenues(1) $ 102.7 $ 84.8... More

Envestnet to Acquire Yodlee

August 10, 2015 4:15 PM EDT

Combination accelerates the transformation of financial technology by delivering better relationships and greater lifetime value by connecting financial advisors, individuals and financial services providers

Transaction expected to increase revenue and adjusted EBITDA growth rate

CHICAGO & REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Envestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, and Yodlee, Inc. (Nasdaq: YDLE), the leading cloud-based platform driving digital financial innovation, today announced that the Boards of Directors of... More