By Paul Muolo
At least three firms have shown a strong interest in buying Ellie Mae, a mortgage software vendor with annualized revenues of roughly $130 million, according to technology professionals tracking the deal. The purchase price is in the range of $800 million to $1.1 billion, these officials said.
As IMFnews went to press, a spokesman for the company declined to comment. One of the firms that has taken a look at buying Ellie Mae is Silver Lake, which bills itself as a “global leader in technology investing.” Silver Lake officials did not respond to press inquiries from IMF.
Based on Tuesday’s stock price, Ellie Mae has a market capitalization of almost $648 million.
Ellie Mae and its affiliates provide business automation software to the mortgage industry, including products tied to the origination function. The company went public two years ago.