ELLIE MAE, INC. (NYSE:ELLI) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets.

On October 2, 2017, Ellie Mae, Inc. (the “Company”) completed its acquisition of Velocify, Inc. (“Velocify”). to terms of the Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 31, 2017, by and among the Company, Velocify, Victory Merger Sub, Inc., a wholly-owned subsidiary of the Company (“Merger Sub”), and Fortis Advisors LLC, as the Representative, Merger Sub merged with and into Velocify (the “Merger”), with Velocify surviving the Merger as a wholly-owned subsidiary of the Company.

The description of the Merger and the Merger Agreement contained in this Item 2.01 does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which was filed as Exhibit 2.1 to the Form 8-K filed by the Company with the Securities and Exchange Commission on August 31, 2017, and is incorporated by reference herein.

Item 8.01. Other Events

On October 2, 2017, the Company issued a press release announcing the completion of its acquisition of Velocify, a copy of which is filed as Exhibit99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

ELLIE MAE INC Exhibit
EX-99.1 2 exhibit991100217.htm EXHIBIT 99.1 Exhibit FOR IMMEDIATE RELEASE    ELLIE MAE COMPLETES ACQUISITION OF VELOCIFYEllie Mae will Deliver Digital Mortgage Capabilities with Addition of Velocify’s Sales Acceleration Technology PLEASANTON,…
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About ELLIE MAE, INC. (NYSE:ELLI)

Ellie Mae, Inc. (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency. Its Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management that provides one system of record. It delivers Encompass software in an on-demand Software-as-a-Service (SaaS).