Ellie Mae

Ellie Mae was founded in 1997 by Sig Anderman and Limin Hu. The company was established with a vision to revolutionize the mortgage industry by providing a digital platform that would streamline and automate the mortgage origination process. This was a time when the mortgage industry was heavily reliant on paper-based processes, and Ellie Mae saw an opportunity to bring efficiency and transparency to the sector.

In 2011, Ellie Mae went public, marking a significant milestone in its journey. The IPO provided the company with the capital needed to expand its offerings and enhance its technology platform. This move was pivotal in cementing Ellie Mae's position as a leader in the mortgage technology space.

Ellie Mae's growth trajectory continued as it acquired several companies to bolster its capabilities and expand its market reach. One of the most notable acquisitions was that of Velocify, a sales acceleration platform, in 2017. This acquisition allowed Ellie Mae to enhance its customer relationship management capabilities and offer a more comprehensive suite of services to its clients.

In 2020, Ellie Mae itself became the target of acquisition when it was acquired by Intercontinental Exchange (ICE) for approximately $11 billion. This acquisition was a testament to Ellie Mae's success and its critical role in the mortgage industry. Under the umbrella of ICE, Ellie Mae continues to innovate and drive the digital transformation of the mortgage process, staying true to its founding vision of bringing efficiency and transparency to the industry.