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Envestnet Sells Yodlee to Private Equity Firm

Wealthmanagement.com Assists Advisors and Wealth Professionals
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Envestnet will sell Yodlee to STG , a Menlo Park , Calif.-based private equity firm.

The deal is expected to close in the third quarter .

Envestet acquired YodLee in 2015 in a cash and stock transaction worth $660 million .