Del Mar Datatrac Sold to Ellie Mae
Ellie Mae said Monday that it has acquired Del Mar Datatrac for $17.2 million in cash. The deal also includes $8 million in future cash payments over the next three years. Pleasanton, Calif.-based Ellie Mae provides automated services for the residential mortgage industry. Del Mar provides software, DataTrac, which is used by mortgage lenders to process and fund loans.
15 August 2011•8 mins read
