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Intercontinental Exchange enters definitive agreement to acquire Ellie Mae from Thoma Bravo

Christian Fernsby ▼ | August 7, 2020
Intercontinental Exchange announced that it has entered into a definitive agreement to acquire Ellie Mae, a cloud platform provider for the mortgage finance industry.
Ellie Mae
Thoma Bravo   Ellie Mae
The transaction with Ellie Mae, a portfolio company of Thoma Bravo, a leading private equity investment firm, values Ellie Mae $11 billion.

Topics: Intercontinental Ellie Mae Thoma Bravo

The deal establishes ICE, through its growing ICE Mortgage Services network, as the leading provider of end to end electronic workflow solutions serving the evolving U.S. residential mortgage industry.

Ellie Mae, based in Pleasanton, California with approximately 1,700 employees, was founded in 1997 with a mission to automate and digitize the trillion-dollar residential mortgage industry.

Through its Digital Lending Platform, Ellie Mae provides technology services to all participants in the mortgage supply chain, including its over 3,000 customers and thousands of partners and investors participating on their open network who provide liquidity to the market. Lenders rely on Ellie Mae to securely manage and facilitate the exchange of data across the ecosystem to enable the origination of mortgages while maintaining strict adherence to various local, state and federal compliance

equirements.


 

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