Intercontinental Exchange Acquires Ellie Mae from Thoma Bravo
August 6, 2020
Intercontinental Exchange (ICE) entered into and completed an agreement to acquire Ellie Mae, the cloud-based mortgage origination platform, from private equity firm Thoma Bravo for approximately $11 billion. The transaction (closed September 4, 2020) expands ICE's mortgage technology capabilities by integrating Ellie Mae's digital lending platform into ICE Mortgage Technology and combines origination, post-closing and registry solutions across the U.S. mortgage lifecycle.
- Buyers
- Intercontinental Exchange
- Targets
- Ellie Mae
- Sellers
- Thoma Bravo
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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