Yodlee Appoints New Chief Financial Officer

Leading Financial Platform Provider For Major Banks and Tech Startups Bolsters Management Team for Continued Growth

 

REDWOOD CITY, Calif. – April 29, 2013 – Yodlee® today announced that Mike Armsby has been appointed Chief Financial Officer (CFO). Marc Blouin, who has served as interim CFO since October, will transition into his new role as Senior Vice President of Finance. Mike Armsby joins Yodlee after serving as CFO for View, Inc.

“We are thrilled to welcome Mike to the Yodlee management team.  We have tremendous growth and momentum in our business right now and Mike is a world-class executive who will strengthen our team as we prepare for the future,” said Anil Arora, President and CEO of Yodlee. “Having built a unique technology platform now powering innovations used by tens of millions of consumers around the world, Mike’s experience leading companies to scale, managing and accelerating growth and entering new markets will be a great asset to our company.”

Armsby served as CFO of View, Inc. – formerly Soladigm, a leading manufacturer of dynamic glass for buildings – where he helped scale the company into commercial production and raised over $150 million in company financing through two equity rounds and both state and venture debt financing.  Armsby’s professional experience spans 20 years and includes positions at Price Waterhouse, Bain & Company, Synopsys (SNPS) and the position of CFO for PowerLight.  At PowerLight, Armsby managed a successful sale of the company to SunPower (SPWR) where he continued to integrate the businesses and drive significant growth as Vice President of Finance. He holds a master in business administration from Harvard University and a bachelor of science in economics from the Wharton School of Finance from the University of Pennsylvania.

With this new addition to the management team and the company’s 700+ global employees, Yodlee continues to strengthen its leadership role in developing innovative technology for the financial industry.

Yodlee’s dynamic technology platform powers innovative services for seven of the top 10 U.S. financial institutions and over 600 innovative financial companies. Yodlee currently serves more than 40 million consumers worldwide, speeding innovation in both banking and Personal Finance Management (PFM) through its interactive tools and experiences based on real-time transactional data.

About Yodlee & Yodlee Interactive

Yodlee is the Platform for Financial Innovation. More than 700 companies globally, including 7 of the top 10 US financial institutions, rely on Yodlee to power personalized financial apps and services for millions of consumers, driving retention, engagement, and revenue. Leveraging the industry’s largest data platform, Yodlee also delivers real-time insight into consumer behaviors to create more dynamic interactions – anywhere, anytime, on any device.

Yodlee Interactive is focused on making the Yodlee platform available everywhere that value can be created by entrepreneurs, partners, and developers to build digital financial apps and services. As the architects of a new digital ecosystem, Yodlee Interactive optimizes the wisdom of the financial technology crowd to create, catalyze, and distribute innovations faster through an open and secure data API. Used by hundreds of companies, both small and large, Yodlee Interactive is the horsepower behind today’s coolest and most personalized digital experiences.
Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.

Contacts:

Melanie Flanigan, Yodlee at (650) 980-3707, or email to mflanigan@yodlee.com

Yodlee is a registered trademark of Yodlee, Inc. Yodlee Interactive and Yodlee FinApps are trademarks of Yodlee, Inc. Any other companies, products and/or services mentioned may be registered trademarks or trademarks of, and are the property of, their respective owners.