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When Pete D\u2019Arrigo is asked to identify the business growth milestones that punctuate his 13-year CFO tenure at Envestnet, he pays passing homage to the company\u2019s 2010 IPO\u2013before drawing our attention to a convertible debt offering made in late 2014: \u201cThis was an offering that put us in a different swim lane. It was the first time that we issued debt, and it was a well-received, oversubscribed offering that then allowed us to lay the groundwork for 2015 and beyond to build out the capabilities to drive revenue.\u201d

Whereas the IPO appears to have whetted the company\u2019s M&A appetite\xa0 (Envestnet acquired seven companies within the next four years), the debt offering was designed to help with the heavy lifting that often follows a hardy M&A diet.

To achieve greater visibility across Envestnet\u2019s expanded operations, Envestnet\u2019s finance team became focused on building out the infrastructure and systems required to integrate the acquired companies, explains D\u2019Arrigo, who believes that it\u2019s the operational aspects of Envestnet\u2019s finance function that today set it apart. \u201cIt\u2019s core to our business today, and that\u2019s with or without an acquisition,\u201d adds D\u2019Arrigo, who notes that these same operational approaches are now empowering Envestnet to better serve its largest customers and partners.\xa0\u2013Jack Sweeney