Ellie Mae’s recent announcement that it has been acquired by another entity may mean that we can look forward to a force more powerful than ever.

Ellie Mae announced in February that it had entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm. The all-cash transaction values Ellie Mae at an aggregate equity value of about $3.7 billion, according to a news release from Ellie Mae.

Ellie Mae plans to continue to drive mortgage finance innovations as a privately held company. In the release, Ellie Mae CEO Jonathan Corr said they will remain committed to innovation and growth of the Encompass Digital Lending Platform.

Ellie Mae recently announced that it had been acquired by Thoma Bravo.“Ellie Mae delivers powerful and innovative mortgage technology solutions across every channel of the residential mortgage sector, enabling lenders to originate more loans while reducing costs and driving efficiency, quality, and compliance throughout the mortgage process,” Holden Spaht, a managing partner at Thoma Bravo, said in the release. “Ellie Mae is leading the digital transformation of the residential mortgage industry, and we look forward to building on the company’s successes and to our partnership through this next chapter of growth.”

Ellie Mae’s headquarters will remain in Pleasanton, California, with regional offices across the United States. Closing of the transaction is subject to approval by Ellie Mae stockholders and regulatory authorities and the satisfaction of customary closing conditions. The transaction is expected to close in the second or third quarter of 2019.

Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality, and efficiency.

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives, and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business.

Clarity Technologies is an Ellie Mae partner and can help you use Encompass to the best of your ability.