ICE / Ellie Mae 2020

Intercontinental Exchange acquired Ellie Mae for $11B on August 6, 2020.

Target

Ellie Mae

Acquirer

Intercontinental Exchange

Deal value

$11B

Deal type

Mixed

Announced

August 6, 2020

Sub-sector

Capital Markets Tech

ICE buys mortgage origination software platform from Thoma Bravo to anchor its mortgage technology stack ahead of Black Knight acquisition three years later.

Deal value

$11B

Target revenue

—

Target EBITDA

—

EV / Revenue

—

EV / EBITDA

—

Announcement

August 6, 2020

Close date

September 4, 2020

Acquirer

Intercontinental Exchange (Strategic)

Target HQ

United States

Deal type

Mixed

Sub-sector

Capital Markets Tech

Source: ir.theice.com