ENVESTNET DATA AND ANALYTICS BUSINESS ANNOUNCES PARTNERSHIP WITH TATA CONSULTANCY SERVICES

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Envestnet ($NYSE:ENV), a leading provider of technology-enabled investment and practice management solutions, announced a strategic partnership with Tata Consultancy Services , a global leader in technology, consulting, and business solutions. The partnership will enable Envestnet to increase operational scale and business agility. The agreement became effective on October 9, 2022, and further terms of the arrangement were not disclosed. Under the agreement, TCS will provide Envestnet with a suite of technology and business process outsourcing services. This will include application development and maintenance, infrastructure management, and business process services. The partnership will enable Envestnet to focus on its core competencies and continue to invest in its technology platform.

TCS will provide the company with the scale and flexibility needed to meet the demands of its growing customer base. The agreement will also help Envestnet to accelerate its international expansion plans. The company has a proven track record of helping companies transform their businesses and achieve their strategic objectives. TCS has a strong global delivery model and a vast pool of skilled resources. The partnership with TCS will enable Envestnet to tap into this vast pool of resources and expertise.

Share Price

On Wednesday, ENVESTNET stock opened at $43.9 and closed at $42.9, down by 1.4% from previous closing price of 43.6. This will help ENVESTNET to improve the quality and accuracy of its data, as well as to better understand customer behavior. The partnership is a good move for ENVESTNET, as it will help the company to better compete in the data and analytics market.

VI Analysis

A company’s fundamentals are a reflection of its long-term potential. The following analysis of Envestnet’s fundamentals is made simple by the VI app. According to the VI Star Chart, Envestnet is strong in growth, medium in profitability, and weak in asset and dividend. Envestnet has an intermediate health score of 6/10 with regard to its cash flows and debt, which may be able to sustain future operations in times of crisis.

Envestnet is classified as a “cheetah” a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Such companies may be of interest to investors who are willing to take on more risk for the potential of higher returns.

Summary

ENVESTNET, a leading provider of data and analytics solutions for the financial services industry, has announced a partnership with Tata Consultancy Services , a leading global IT services, consulting and business solutions provider. Under the partnership, TCS will provide ENVESTNET with a range of data and analytics services, including data management, data engineering, data science, and business intelligence. The partnership will enable ENVESTNET to further expand its data and analytics capabilities and offer its clients a more comprehensive suite of solutions. ENVESTNET has a long history of partnering with leading technology providers to deliver innovative solutions to its clients. This partnership with TCS is another example of ENVESTNET’s commitment to providing the best possible data and analytics solutions to its clients.

TCS is a world-class provider of data and analytics services, and we are excited to partner with them to provide our clients with even more comprehensive solutions. The partnership between ENVESTNET and TCS is a natural fit, as both companies are committed to helping their clients harness the power of data and analytics to drive business success. TCS has a proven track record of delivering world-class data and analytics solutions, and we are confident that they will be a valuable partner for ENVESTNET. We look forward to working with TCS to provide our clients with even more powerful data and analytics solutions.