Envestnet - M&A Summary and Business Overview

Information ServicesCompany

Envestnet M&A Summary

Envestnet has acquired 15 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 10 different US states. The Company’s most targeted sectors include software (34%) and financial services (27%).

Envestnet Business Overview

Where is Envestnet headquartered?

Envestnet is headquartered in Berwyn, Pennsylvania.

What is Envestnet’s revenue?

Envestnet disclosed revenue of 1,187M USD for 2021 and 998M USD for 2020.

How many employees does Envestnet have?

Envestnet has 4,375 employees.

What sector is Envestnet in?

Envestnet is an information services company.

When was Envestnet founded?

Envestnet was founded in 1999.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity15
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Envestnet

Envestnet, Inc.

1000 Chesterbrook Boulevard, Suite 250,
Berwyn, Pennsylvania 19312
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 Berwyn, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 11 - 2 2 - - 15
vol $1.4B $1.4B
Sell (0.0/yr) # - - - - - - 0
  15

Most Recent M&A

Company Date Value Type
Redi2 Technologies, Inc. 2022-07-06 - Add-on Acquisition
Boston, Massachusetts · www.redi2.com
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
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
Software 5 (33%) 554M (39%) - -
Financial Services 4 (27%) - - -
Information Technology 3 (20%) - - -
Internet Software and Services 2 (13%) 855M (61%) - -
Business Services 1 (7%) - - -
Total 15 $1.4B - -

By Geo

State/Country Buy Value Sell Value
United States 15 1.4B - -
  California 3 660M - -
  Pennsylvania 2 - - -
  Florida 2 - - -
  Colorado 1 - - -
  Arizona 1 - - -
  Washington 1 54M - -
  Virginia 1 500M - -
  New York 1 195M - -
  Massachusetts 1 - - -
Total 15 $1.4B - -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
 1
J.P. Morgan Securities
 1
PJT Partners, Inc.
 1
Legal Deals
Mayer Brown
 5

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)
20%
3 (20%)

Company Summary

SECTOR

Information Services

Revenue

1,187   19% 2021
998   11% 2020
900   11% 2019
812   19% 2018
684   19% 2017
578   38% 2016
421   21% 2015
349   45% 2014
242   55% 2013
157   2012
(millions of USD) Show More Show Less

Employees

4,375

Established

1999

Public

NYSE: ENV

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