NYSE-owner ICE to buy Ellie Mae in US$11 billion deal

Intercontinental Exchange Inc said on Thursday it would buy Ellie Mae, a cloud-based platform provider for the mortgage finance industry, from private equity investment Thoma Bravo in a deal valued at US$11 billion.

FILE PHOTO: A screen displays the logo and ticker symbol for Intercontinental Exchange, Inc. on the floor of the New York Stock Exchange in New York City, U.S., November 3, 2016. REUTERS/Brendan McDermid/File PhotoREUTERS: Intercontinental Exchange Inc said on Thursday it would buy Ellie Mae, a cloud-based platform provider for the mortgage finance industry, from private equity investment Thoma Bravo in a deal valued at US$11 billion.

The deal comes at a time when the owner of the New York Stock Exchange is strengthening its focus on mortgage services.

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