M&A Deal Summary

Ellie Mae Acquires Velocify

On August 31, 2017, Ellie Mae acquired software company Velocify for 128M USD

Acquisition Highlights
  • This is Ellie Mae’s 2nd transaction in the Software sector.
  • This is Ellie Mae’s largest (disclosed) transaction.
  • This is Ellie Mae’s 5th transaction in the United States.
  • This is Ellie Mae’s 3rd transaction in California.

M&A Deal Summary
Date 2017-08-31
Target Velocify
Sector Software
Buyer(s) Ellie Mae
Deal Type Add-on Acquisition
Deal Value 128M USD

Target

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.

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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 5 of 6
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (California) 3 of 4
Country (United States) 5 of 6
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Capsilon

San Francisco, California, United States

Capsilon Corporation is a provider of cloud-based document and data management solutions for the mortgage industry. Capsilon's flagship product, Capsilon DocVelocity, is a document imaging and data capture platform built specifically to address the needs of large mortgage companies. Capsilon was founded in 2004 and is based in San Francisco, California.

Buy -
Mergr

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