About This Deal

Intercontinental Exchange acquired Ellie Mae for approximately US$11 billion, a transaction announced in August 2020.

Bought the leading cloud-based mortgage origination platform from Thoma Bravo, building on ICE's MERS and Simplifile deals to establish ICE Mortgage Technology as an end-to-end digital mortgage workflow network. Announced August 6, 2020 and completed September 4, 2020.

Bought the leading cloud-based mortgage origination platform from Thoma Bravo, building on ICE's MERS and Simplifile deals to establish ICE Mortgage Technology as an end-to-end digital mortgage workflow network. Announced August 6, 2020 and completed September 4, 2020.

Deal Terms

Acquirer
Intercontinental Exchange
Target
Ellie Mae
Value
Approximately US$11 billion
Date
August 2020
Type
Full acquisition
Status
Completed

Transaction Details

Announced
August 6, 2020

In Their Words

We are excited to begin the next important chapter in our journey to digitize the residential mortgage industry.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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