Ellie Mae to Ring the NYSE Closing Bell on May 2, 2016
Bell ringing commemorates fifth anniversary of initial public offering
PLEASANTON, Calif. – April 29, 2016 – Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that it will visit the New York Stock Exchange (NYSE) to ring The Closing BellSM on Monday, May 2, 2016, to commemorate the fifth anniversary of the Company’s initial public offering. Jonathan Corr, Ellie Mae President and CEO, Sig Anderman, Ellie Mae Executive Chairman and Founder, and members of the executive team will be present to ring the closing bell.
Ellie Mae had its initial public offering in April 2011. Since the IPO, annual revenues have increased to $253.9 million in 2015, up from $55.5 million in 2011, a 357 percent increase, and the company now has approximately 180,000 contracted users of its Encompass® all-in-one mortgage management solution, up from 23,820 users in Q1 2011, a 597 percent increase.
“Ringing the closing bell will be an exciting occasion for all Ellie Mae employees, customers and shareholders,” said Jonathan Corr, president and CEO of Ellie Mae. “We’ve come a long way, not just since the company was founded in 1998, but since we went public in 2011. We have helped mortgage lenders of all sizes ensure compliance while operating more efficiently and effectively. We’ve supported thousands of customers and millions of transactions through Encompass as we continue to drive toward our vision of automating everything automatable for the residential mortgage industry. And with close to 900 employees across the United States, we’re fostering a culture of innovation that has enabled our Company to adapt to the ever-changing needs of the mortgage industry.”
The New York Stock Exchange will stream the closing bell ringing on its website: http://livestream.com/NYSE. The bell-ringing is scheduled for 3:56 - 4:00 p.m. Eastern Time. A video of the bell-ringing will also be archived on that same page after the livestream.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service, and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call (877) 355-4362 to learn more.
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