Envestnet Announces Acquisition Of Redi2 Technologies, Creating The Industry Leading Revenue & Billing Management Platform
Jul 06, 2022•about 3 years ago
Acquiring Company
Yodlee
Acquired Company
Redi2 Technologies
Description
Envestnet announced today that it has acquired Redi2 Technologies, Inc. (Redi2), a leading provider of revenue management and hosted fee-billing solutions in the global financial services industry. The deal creates more connections across the Envestnet financial wellness ecosystem for asset managers, wealth managers, and registered investment advisors (RIAs).
FundzWatch™ Score
75
High M&A Activity
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed