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Yodlee.com in multi-million dollar deal with AOL 

Richard Springer  
Sunnyvale, June 8: Yodlee.com, which is a one-stop service to manage personal finance account information, is announcing a major coup this week -- a multi-million dollar alliance with America Online Inc (AOL).

Yodlee's technology allows users to consolidate their pertinent financial information, including bank balances, stocks, investments and e-mail accounts in one convenient location. Under the deal, Yodlee.com, with connections to over 1,200 leading Web sites, will become a premier account aggregation provider on AOL and extend AOL Personal Finance offerings by giving users options for creation and management of their finances online.

According to Yodlee's executive team, which includes founder and chairman Venkat Rangan and chief executive officer and president Anil Arora, the AOL deal may just be the first in a series of announcements that will further their Web reach and co-branding deals in partnerships with banks, credit card companies, travel destinations and brokerages.

The company, which was founded in 1999, already co-brands their service with partners including Intuit, AltaVista Sabre and NetFriday/Fleet Boston. Content partners include iSyndicate, Proflowers.com, WeddingChannel.com and Onebox.com. "We have tremendous momentum," Rangan told the California newspaper India-West, adding, "The next frontier of the Internet is rapidly providing a lot of value to customers by giving them ways to handle their personal information."

-- India Abroad New Service

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