Announced
Completed
Financials
Tags
Domestic
Majority
mortgage finance
Financial Data and Systems
United States
Private Equity
Acquisition
Single Bidder
Friendly
Private
Completed
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.