Ellie Mae to acquire AllRegs for $30 million

Ellie Mae to acquire AllRegs for $30 million

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Revenues of $480.3 million. or regulation, Ellie Mae does not assume any obligation to update any such forward-looking statements whether as the result of new developments or otherwise. 2019 Ellie.

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.. EBITDA of $44.2-$45.4 million, net income of $14.0-$14.5 million, and adj. net income of $30.7-$31.5 million.

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. EBITDA of $44.2-$45.4 million, net income of $14.0-$14.5 million, and adj. net income of $30.7-$31.5 million.

“Revenue grew 30% over. and the minimal AllRegs revenue we are able to recognize due to GAAP accounting rules, we expect to have a net loss in the range of $(0.5) million to breakeven, or $(0.02).

Top Company Interviews. 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. Due to the anticipated timing of closing,

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. Due to the anticipated timing of closing, the acquisition is expected to have a minimal impact on third quarter results.

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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.

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We wrote about Ellie Mae (ELLI) not so long ago arguing the shares had upside. If not developing new products and services by themselves, they can also acquire them, as the company did with.

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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.

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