December 21, 2014 5:42 PM ET

Software

Company Overview of Yodlee, Inc.

Company Overview

Yodlee, Inc. operates a technology and applications platform that provides digital financial services in the cloud. Its platform delivers a range of financial applications (FinApps) for the retail financial, wealth management, small business, card, and other financial solutions sectors. These FinApps allows consumers and small businesses to simplify and manage their finances, review their financial accounts, track their spending, calculate their net worth, and perform various other activities. The company’s platform also enables its customers to develop their own applications through its open application programming interfaces, which deliver trusted and secure data, money movement solutions,...

3600 Bridge Parkway

Suite 200

Redwood City, CA 94065

United States

Founded in 1999

935 Employees

Phone:

650-980-3600

Key Executives for Yodlee, Inc.

Chairman of the Board
Age: 53
Total Annual Compensation: $290.8K
Chief Financial Officer and Principal Accounting Officer
Age: 45
Total Annual Compensation: $170.5K
Chief Customer Officer and Senior Vice President of Field Operations
Age: 55
Total Annual Compensation: $210.7K
Compensation as of Fiscal Year 2013.

Yodlee, Inc. Key Developments

Yodlee Announces New Transaction Data Enrichment Service for Financial Data, Featuring Merchant and Geo Location Insights

Yodlee announced new Yodlee Transaction Data Enrichment service for its platform to improve data intelligence, cross-sell, and digital marketing. The platform service sorts all banking, credit and debit card transactions into categories based on specific merchant, merchant type and geographical location. As a result, consumers can more easily identify transactions and get a handle on their spending. Also, financial institutions and digital innovators gain more visibility into spending patterns and trends to better identify opportunities and meet consumer needs. The new Transaction Data Enrichment service leverages Yodlee’s long history of data collection and consolidation to advance its proven categorization capabilities and make Yodlee’s digital platform and APIs the first to intelligently leverage merchant and geo location identification for statistical clustering analysis on a broad transactional scale for financial transactions. This service includes merchant identification, geographic location, advanced categorization, and simple pure language transaction descriptions. Benefits of Yodlee’s Transaction Enrichment Data Service Include Easier and faster fraud detection; Reduced customer chargebacks; Reduced call center volumes; Deeper insights into consumer purchase behavior; More relevant and targeted promotional offers; Better insight into transaction trends enabling more informed spending decisions. The new Yodlee Transaction Data Enrichment service, including merchant identification and geo location, is currently in early stage rollout with several early adopters and data will available to Yodlee customers in first quarter of 2015.

Yodlee, Inc. Presents at Credit Suisse 18th Annual Technology Conference, Dec-03-2014 09:00 AM

Yodlee, Inc. Presents at Credit Suisse 18th Annual Technology Conference, Dec-03-2014 09:00 AM. Venue: The Phoenician, 6000 East Camelback Road, Scottsdale, AZ 85251, United States. Speakers: Anil Arora, Chairman of the Board, Chief Executive Officer and President, Michael Armsby, Chief Financial Officer and Principal Accounting Officer.

Yodlee, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

Yodlee, Inc. Reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $23,153,000 against $18,266,000 a year ago. Operating loss was $1,047,000 against operating income of $723,000 a year ago. Loss before provision for income taxes was $1,087,000 against income before provision for income taxes of $466,000 a year ago. Net loss was $1,619,000 against net income of $205,000 a year ago. Basic and diluted loss per share was $0.21 against $0.01 basic and diluted earnings per share a year ago. Non-GAAP operating profit was $780,000 against $1,099,000 a year ago. Non-GAAP net income was $208,000 or $0.01 diluted per share against $581,000 or $0.02 diluted per share a year ago. Adjusted EBITDA was $1,831,000 against $1,724,000 a year ago. Because there is some variability in usage levels, contractual revenue recognition as well as the timing of when customers go live and begin contributing to revenue, year-over-year growth rates will fluctuate from quarter-to-quarter. Year-to-date revenue growth versus the prior year period moderates some of this quarterly effect and is 28% for total revenue and 35% for subscription revenue. For the nine months, the company reported total revenue of $64,220,000 against $50,122,000 a year ago. Operating loss was $1,241,000 against $1,465,000 a year ago. Loss before provision for income taxes was $1,194,000 against $1,682,000 a year ago. Net loss was $2,568,000 against $2,427,000 a year ago. Basic and diluted loss per share was $0.34 against $0.34 basic and diluted per share a year ago. Net cash provided by operating activities was $558,000 against net cash used in operating activities of $1,540,000 a year ago. Purchases of property and equipment was $4,003,000 against $2,323,000 a year ago. Non-GAAP operating profit was $1,505,000 against operating loss of $371,000 a year ago. Non-GAAP net income was $178,000 or $0.01 diluted per share against net loss of $1,333,000 or $0.04 diluted per share a year ago. Adjusted EBITDA was $4,126,000 against $1,547,000 a year ago. For fourth quarter, the company expects total revenue to be in the range of $24.0 million to $24.4 million. Non-GAAP operating loss is expected to be in the range of $0.0 to $0.3 million. Non-GAAP net loss is expected to be in the range of $0.5 million to $0.8 million, or $0.02 to $0.03 per share, based on 29.3 million basic weighted average common shares outstanding. For 2014, the company expects total revenue to be in the range of $88.2 to $88.7 million. Non-GAAP operating income is expected to be in the range of $1.2 million to $1.5 million. Non-GAAP net loss is expected to be in the range of $0.3 million to $0.6 million, or $0.01 to $0.02 per share, based on 29.1 million basic weighted average common shares outstanding.

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