Filed by Yodlee, Inc. Pursuant to Rule
425 under the Securities Act of 1933 and deemed filed pursuant to
Rule 14a-2 under the Securities Exchange Act of 1934 Subject
Company: Yodlee, Inc. Commission File No.: 001-36639
Envestnet to Provide Update
on Yodlee Acquisition
Conference Call Scheduled for
September 24, 2015 at 8:30 a.m. Eastern Time
Yodlee (Nasdaq:YDLE), the leading cloud-based financial platform
powering dynamic innovation in digital financial services, today
announced that Envestnet, Inc. (NYSE:ENV), a leading provider of
unified wealth management technology and services to financial
advisors, will provide a presentation with additional information
on its proposed acquisition of Yodlee on September 24, 2015 at
approximately 7:00 a.m. ET at http://ir.envestnet.com/. Envestnet
will also be hosting a conference call to discuss the additional
information on September 24, 2015 at 8:30 a.m. ET.
Envestnet will discuss the size and nature of additional product
offerings and addressable markets that the business combination
enables in the longer-term. In addition the Company will also
discuss shorter term metrics, including expected 2016 fourth
quarter exit run rates for Yodlee's revenue and EBITDA, inclusive
of synergies.
Conference call
Envestnet will host a conference call to discuss the updated
information on September 24, 2015 at 8:30 a.m. ET. The live webcast
and presentation can be accessed from the Company's investor
relations website at http://ir.envestnet.com/. The conference call
can also be accessed live over the phone by dialing (888) 572-7025,
or (719) 325-2323 for international callers. A replay will be
available beginning one hour after the call and can be accessed
from the Company's investor relations website, or by dialing (877)
870-5176, or (858) 384-5517 for international callers; the
conference ID is 351573. The dial-in replay will be available for
one week and the webcast replay will be available for one month
following the date of the conference call.
About Envestnet
Envestnet, Inc. (NYSE:ENV) is a leading provider of unified
wealth management technology and services to investment advisors.
Our open-architecture platforms unify and fortify the wealth
management process, delivering unparalleled flexibility, accuracy,
performance, and value. Envestnet solutions enable the
transformation of wealth management into a transparent,
independent, objective, and fully-aligned standard of care, and
empower advisors to deliver better outcomes.
Envestnet's Advisor Suite® software empowers financial advisors
to better manage client outcomes and strengthen their practices.
Envestnet provides institutional-quality research and advanced
portfolio solutions through our Portfolio Management Consultants
group, Envestnet | PMC®. Envestnet | Tamarac provides leading
rebalancing, reporting, and practice management software.
For more information on Envestnet, please visit
www.envestnet.com and follow @ENVintel
(https://twitter.com/envintel).
About Yodlee
Yodlee (Nasdaq:YDLE) is a leading technology and applications
platform powering dynamic, cloud-based innovation for digital
financial services. More than 900 companies, including 11 of the 20
largest U.S. banks and hundreds of Internet services companies,
subscribe to the Yodlee platform to power personalized financial
apps and services for millions of consumers. Yodlee solutions help
transform the speed and delivery of financial innovation, improve
digital customer experiences, and deepen customer engagement.
Yodlee is headquartered in Redwood City, CA with global offices
in London and Bangalore. For more information, visit
www.yodlee.com.
Cautionary Statement Regarding Forward-Looking
Statements
The forward-looking statements made in this press release and
its attachments concerning, among other things, Envestnet, Inc.'s
(the "Company") expected financial performance and outlook, its
strategic operational plans and growth strategy are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements involve risks and
uncertainties and the Company's actual results could differ
materially from the results expressed or implied by such
forward-looking statements. Furthermore, reported results should
not be considered as an indication of future performance. The
potential risks, uncertainties and other factors that could cause
actual results to differ from those expressed by the
forward-looking statements in this press release include, but are
not limited to, difficulty in sustaining rapid revenue growth,
which may place significant demands on the Company's
administrative, operational and financial resources, fluctuations
in the Company's revenue, the concentration of nearly all of the
Company's revenues from the delivery of investment solutions and
services to clients in the financial advisory industry, the
Company's reliance on a limited number of clients for a material
portion of its revenue, the renegotiation of fee percentages or
termination of the Company's services by its clients, the Company's
ability to identify potential acquisition candidates, complete
acquisitions and successfully integrate acquired companies, the
impact of market and economic conditions on the Company's revenues,
compliance failures, regulatory actions against the Company, the
failure to protect the Company's intellectual property rights, the
Company's inability to successfully execute the conversion of its
clients' assets from their technology platform to the Company's
technology platform in a timely and accurate manner, general
economic conditions, changes to the Company's previously reported
financial information as a result of political and regulatory
conditions, as well as management's response to these factors. More
information regarding these and other risks, uncertainties and
factors is contained in the Company's filings with the Securities
and Exchange Commission ("SEC") which are available on the SEC's
website at www.sec.gov or the Company's Investor Relations website
at http://ir.envestnet.com/. You are cautioned not to unduly rely
on these forward-looking statements, which speak only as of the
date of this press release. All information in this press release
is as of August 10, 2015 and, unless required by law, the Company
undertakes no obligation to publicly revise any forward-looking
statement to reflect circumstances or events after the date of this
press release or to report the occurrence of unanticipated
events.
Additional Information and Where to Find It
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. This communication may be deemed to be
solicitation material in respect of the proposed transaction
between Envestnet and Yodlee. In connection with the proposed
transaction, Envestnet has filed with the SEC a registration
statement on Form S-4, containing a proxy statement of Yodlee. The
final proxy statement/prospectus will be delivered to the
stockholders of Yodlee. This communication is not a substitute for
the registration statement, definitive proxy statement/prospectus
or any other documents that Envestnet or Yodlee may file with the
SEC or send to shareholders in connection with the proposed
transaction. SHAREHOLDERS ARE URGED TO READ ALL RELEVANT DOCUMENTS
FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT/PROSPECTUS,
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION.
Shareholders will be able to obtain copies of the proxy
statement/prospectus and other documents filed with the SEC (when
available) free of charge at the SEC's website, http://www.sec.gov.
Copies of documents filed with the SEC by Envestnet will be made
available free of charge on Envestnet's website at
www.envestnet.com. Copies of documents filed with the SEC by Yodlee
will be made available free of charge on Yodlee's website at
www.Yodlee.com.
Participants in Solicitation
Envestnet, Yodlee and their respective directors, executive
officers and other members of management and employees may be
deemed to be participants in the solicitation of proxies in respect
of the proposed transaction. Information about the directors and
executive officers of Envestnet is set forth in the proxy statement
for Envestnet's 2015 Annual Meeting of Stockholders, which was
filed with the SEC on April 13, 2015, and Envestnet's Annual Report
on Form 10-K for the year ended December 31, 2014, which was filed
with the SEC on March 2, 2015. Information about the directors and
executive officers of Yodlee is set forth in the proxy statement
for Yodlee's 2015 Annual Meeting of Stockholders, which was filed
with the SEC on April 10, 2015, and Yodlee's Annual Report on Form
10-K for the year ended December 31, 2014, which was filed with the
SEC on March 4, 2015. Other information regarding the participants
in the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, is contained
in the proxy statement/prospectus and other relevant materials
filed with the SEC. You may obtain free copies of these documents
as described above.
CONTACT: Investors:
Investor Relations
Investor.relations@envestnet.com
(312) 827-3940
Public Relations:
Dana Taormina
JCPR
(973) 850-7305
dtaormina@jcprinc.com
Yodlee:
Investor Contact: Sheila B. Ennis
ICR, Inc.
IR@yodlee.com
(415) 430-2073
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