Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, LLC, a leading private equity investment firm, in an all-cash transaction that values Ellie Mae at an aggregate equity value of approximately $3.7 billion.
Thoma Bravo is a leading private equity firm with a 40-year history, including over $30 billion in investor commitments, and a focus on investing in software and technology companies.
TDM initially invested in Ellie Mae in May 2013 as a supportive long-term shareholder – over that time market capitalisation has grown over 6x and revenue quadrupled.
We wish Sig, Jonathan and their management team all the best for the future. Ellie Mae under their guidance, have helped digitise the mortgage origination industry in the US and in doing so continually challenged the way things have been done previously. They have been able to do this whilst always treating their team, customers and shareholders the right way. We are proud to have been on the journey with them over the last 6 years.
Click on the link below for the Ellie Mae press release.Read The full Article