Envestnet Mergers and Acquisitions Summary

Information ServicesCompany

Envestnet has acquired 14 companies, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms.

Envestnet’s largest acquisition to date was in 2015, when it acquired Yodlee for $660M. Envestnet has acquired in 9 different US states. The Company’s most targeted sectors include financial services (29%) and software (29%).

Join Mergr and gain access to Envestnet’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the information services sector.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity14
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Envestnet

Envestnet, Inc.

35 East Wacker Drive, Suite 2400,
Chicago, Illinois 60601
United States,
(312) 827-2800
www.envestnet.com

Envestnet is a provider of technology-enabled products and services for financial advisors. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes. Envestnet was incorporated in 1999 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 9 - 2 - 2 1 14
vol $909M $500M $1.4B
Sell (0.0/yr) # - - - - - - 0
  14

Most Recent M&A

Company Date Value Type
401kplans.com LLC 2022-06-01 - Add-on Acquisition
Naples, Florida · www.401kplans.com
Harvest Savings & Wealth Technologies, Inc. 2021-04-08 - Add-on Acquisition
Larkspur, California · www.harvestsw.com
Wealth Studios 2021-03-16 - Divestiture
Berwyn, Pennsylvania
PIEtech, Inc. (MoneyGuidePro) 2019-03-14 500M USD Add-on Acquisition
Powhatan, Virginia · www.moneyguidepro.com
Abe AI, Inc. 2019-01-24 - Add-on Acquisition
Orlando, Florida · www.abe.ai
FolioDynamix, Inc. 2017-09-25 195M USD Divestiture
New York, New York · www.foliodynamix.com
Wheelhouse Analytics LLC 2016-10-10 - Add-on Acquisition
West Chester, Pennsylvania · www.wheelhouseanalytics.com
Yodlee, Inc. 2015-11-19 660M USD Add-on Acquisition
Redwood City, California · www.yodlee.com
Oltis Software LLC (dba Finance Logix) 2015-05-06 - Add-on Acquisition
Tucson, Arizona · www.financelogix.com
Upside Financial LLC 2015-02-26 - Add-on Acquisition
San Francisco, California · www.upsideadvisor.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Tamarac, Inc. 2012-02-16 Schwab Performance Technologies, Inc. - PortfolioCenter 2019-02-21 1
Seattle, Washington · www.tamaracinc.com Raleigh, North Carolina

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 4 (29%) - - -
Software 4 (29%) 554M (39%) - -
Information Technology 3 (21%) - - -
Internet Software and Services 2 (14%) 855M (61%) - -
Business Services 1 (7%) - - -
Total 14 $1.4B - -

By Geo

State/Country Buy Value Sell Value
United States 14 1.4B - -
  California 3 660M - -
  Pennsylvania 2 - - -
  Florida 2 - - -
  Virginia 1 500M - -
  New York 1 195M - -
  Colorado 1 - - -
  Arizona 1 - - -
  Washington 1 54M - -
Total 14 $1.4B - -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
1
J.P. Morgan Securities LLC
1
PJT Partners, Inc.
1
Legal Deals
Mayer Brown
4

Deal Values

buy # Total
$100M to $1B 3 $1.4B
< $100M 1 $54M
TOTAL $1.4B
Largest Yodlee, Inc.
$660M (2015-11-19)

M&A Connections

Deals
Acquired from
Investor(s)
7%
1 (7%)
Strategic(s)
21%
3 (21%)

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