M&A Deal Summary

Ellie Mae Acquires Mortgage Returns

On October 14, 2015, Ellie Mae acquired internet software and services company Mortgage Returns

Acquisition Highlights
  • This is Ellie Mae’s 2nd transaction in the Internet Software and Services sector.
  • This is Ellie Mae’s 4th transaction in the United States.
  • This is Ellie Mae’s 1st transaction in Montana.

M&A Deal Summary
Date 2015-10-14
Target Mortgage Returns
Sector Internet Software and Services
Buyer(s) Ellie Mae
Deal Type Add-on Acquisition

Target

Mortgage Returns

Saint Louis, Montana, United States
Mortgage Returns LLC is a provider of on-demand customer relationship management (CRM), and marketing automation solutions for the mortgage industry.

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Buyer(S) 1

Buyer

Ellie Mae

Pleasanton, California, United States
Category Company
Founded 1997
Sector Software
Employees1,550
Revenue 417M USD (2017)
DESCRIPTION

Ellie Mae automates and digitizes 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 in the open networks 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 requirements. Ellie Mae was formed in 1997 and is based in Pleasanton, California.

DEAL STATS #
Overall 4 of 6
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 2 of 4
State (Montana) 1 of 1
Country (United States) 4 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Mortgage Resource Center

Eagan, Minnesota, United States

Mortgage Resource Center, Inc. (dba AllRegs) is a electronic publisher of underwriting and loan product guidelines for Fannie Mae, Freddie Mac, Wells Fargo Home Mortgage, Citigroup, JPMorgan Chase, the Federal Home Loan Bank of Chicago, U.S. Bank Home Mortgage and Flagstar Bank, N.A.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Velocify

El Segundo, California, United States

Velocify is a provider of a sales acceleration software platform that helps high-velocity sales teams turn more prospects into customers. More than 1,500 companies streamline, automate, and optimize their sales processes using Velocify. Velocify’s software delivers a prescriptive approach to selling and surfaces actionable performance insights to ensure salespeople stay focused on activities that lead to more sales.

Buy $128M
Mergr

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