Publish date:

S1 Unit to Merge With Yodlee

S1

(SONE)

said its

VerticalOne

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unit will merge with

Yodlee

, a privately held provider of account aggregation services.

Financial terms weren't disclosed. The merged companies will operate under the Yodlee name, and S1 will retain 32% ownership of the combined entity. Anil Arora, the president and chief executive of Yodlee, will serve as CEO of the company.

Combined, the two companies will have a total of 88 customers, including

Yahoo!

(YHOO)

,

AOL

(AOL)

, and

Citigroup

(C) - Get Report

. The companies expect to complete the merger by the end of the year.