Mortgage Software Company Ellie Mae Picks Up Velocify in an All-Cash Deal

Mae, a cloud-based origination , agreed to acquire , a sales acceleration platform for $ 128 million in cash. The acquisition, which was announced yesterday, is expected to close in the fourth quarter of the year. Ellie Mae will combine Velocify&;s management team with itsĀ Encompass CRM division, based on the announcement. According to announcement, [&;]
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