- Envestnet ( NYSE: ENV ) said Wednesday it acquired Redi2 Technologies , a provider of revenue management and hosted fee-billing solutions.
- Terms of the deal were not disclosed.
- Redi2's platform provides fee calculation, invoice creation, payouts and accounting, and billing compliance.
- The platform will modernize billing, accounting and back office capabilities in ENV's financial wellness ecosystem.
- The deal is expected to drive greater client engagement and enhanced revenue.
- "This acquisition enhances our strategic enablement of service and data, and over the next 2 years will create operating leverage by bringing ENV and Redi2's administrative, revenue and billing services together," said Tom Sipp, EVP of business lines at Envestnet ( ENV ).
For further details see:
Envestnet acquires Redi2 Technologies