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

© Reuters. FILE PHOTO: A screen displays the logo and ticker symbol for Intercontinental Exchange, Inc. on the floor of the NYSE

(Reuters) – Intercontinental Exchange Inc (N:) 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 $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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