Yodlee Appoints New Chief Financial Officer

REDWOOD CITY, Calif., April 29, 2013 /PRNewswire/ -- 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 and the position of CFO for PowerLight.  At PowerLight, Armsby managed a successful sale of the company to SunPower 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 is the platform for financial innovation. Nearly 600 companies globally, including seven of the top 10 U.S. 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 is headquartered in Redwood City, California. For more information, visit www.yodlee.com.

SOURCE Yodlee

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