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ICE buys Ellie Mae for $11 billion
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Across the industry, digital adoption has soared since the pandemic forced remote and contactless transactions to grow. Mortgage technology firms have seen increased use because of that shift, and that trend led to the acquisition of Ellie Mae for the second time in two years.
Intercontinental Exchange announced that it would buy Ellie Mae from private-equity firm Thoma Bravo for $11 billion in cash and stock. The move comes 18 months after Thoma Bravo bought Ellie for $3.7 billion in cash.
Read on for details and reactions from both companies.
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