Intercontinental Exchange completed the acquisition of Ellie Mae from Thoma Bravo for $11bn.

Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of data and listings services, completed the acquisition of Ellie Mae, a technology platform for the mortgage finance industry, from private equity firm Thoma Bravo for $11bn. "We are excited to begin the next important chapter in our journey to digitize the residential mortgage industry. Ellie Mae’s industry leadership and best-of-breed technology will better enable us to further accelerate the automation of the mortgage origination workflow, which will benefit stakeholders across the production chain, including consumers,” Jeffrey C. Sprecher, Intercontinental Exchange Founder, Chairman and CEO.