Ellie Mae, a Pleasanton, Calif.-based provider of on-demand software solutions and services for the residential mortgage industry, has signed a definitive agreement to acquire AllRegs, an Eagan, Minn.-based information provider for the mortgage industry, for $30 million. The acquisition of AllRegs is Ellie Mae’s sixth corporate purchase in six years.
Ellie Mae to Acquire AllRegs. The transaction is expected to close within 90 days and is subject to customary closing conditions. Under the terms of the agreement, Ellie Mae will acquire AllRegs for $30.0 million in cash, subject to certain purchase price adjustments, including for working capital.
Under the terms of the agreement, Ellie Mae will acquire AllRegs for $30 million in cash, subject to certain purchase price adjustments, including for working capital. The transaction is expected to close within 90 days.
But specific to the mortgage biz, Ellie Mae announced plans to acquire AllRegs for $30 million in cash. "The acquisition of AllRegs expands Ellie Mae’s position as the industry’s market leader of mortgage technology, content and services. AllRegs information management solutions are used by more.
This just the latest in a series of acquisitions for Ellie Mae, as in 2011, they acquired Del Mar Datatrac Inc. for $25.2 million, and in 2014, closed a deal to acquire AllRegs, an Eagan, Minn.-based information provider for the mortgage industry, for $30 million.
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AllRegs by Ellie Mae Increase efficiencies and improve loan quality throughout the loan life cycle. AllRegs’ trusted industry resources are available to help you increase efficiencies, adhere to compliance regulations, and generate high-quality loans – all contributing to an improved ROI.