Press Release: FDx : Actua Announces Completion of Sale of FolioDynamix

Actua Corporation (Nasdaq:ACTA) today announced the successful completion of its previously announced sale of FolioDynamix to Envestnet (NYSE:ENV). Actua realized cash proceeds of approximately $166.3 million (approximately $1.5 million of which is being held in escrow to satisfy potential future indemnification claims, a purchase price adjustment and related expenses) in the FolioDynamix Sale and will receive an additional approximately $11.6 million in cash proceeds in the second quarter of 2018 if and to the extent that FolioDynamix is able to meet an agreed-upon threshold under a previously disclosed purchase price adjustment mechanism relating to client consents.