Ellie Mae Ranked as One of the Fastest Growing Companies in North America on Deloitte’s 2016 Technology Fast 500™
November 17 2016 - 4:05PM
Business Wire
149 Percent Revenue Growth Due to Increased
Adoption of Ellie Mae’s Encompass All-in-one Mortgage Management
Solution
Ellie Mae® (NYSE:ELLI), a leading provider of innovative
on-demand software solutions and services for the residential
mortgage industry, today announced it was included on Deloitte’s
Technology Fast 500™, a ranking of the 500 fastest growing
technology, media, telecommunications, life sciences and energy
tech companies in North America. Ellie Mae’s operating revenue
increased 149 percent from 2012 to 2015.
Ellie Mae’s president and chief executive officer, Jonathan
Corr, credits increased adoption of Encompass, the company’s
all-in-one mortgage management solution, with its rapid growth. He
said, “As a growing high-tech company with old-fashioned values, we
are driving innovation to improve the mortgage process for lenders
and borrowers alike. Our Encompass solution is helping to automate
the entire mortgage process from origination to closing, assuring
compliance, efficiency and loan quality.”
Added Corr, “With our recent launch of the Encompass Lending
Platform™, we are positioned for continued growth as we
revolutionize lending and continue our mission of automating
everything automatable in residential mortgages.”
“Today, when every organization can be a tech company, the most
effective businesses not only foster the courage to explore change,
but also encourage creativity in using and applying existing assets
in new ways, as resourcefully as possible,” said Sandra Shirai,
principal, Deloitte Consulting LLP and U.S. technology, media and
telecommunications industry leader. “This ingenious approach to
innovation calls for the encouragement of curiosity and
collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations
are open to diverse perspectives and insights, they are able to
create an environment for their employees and customers to see the
possibilities and ingenious solutions that might lie ahead,” added
Jim Atwell, national managing partner of the emerging growth
company practice, Deloitte & Touche LLP. “Entrepreneurial
environments foster change and innovation within businesses, and we
look forward to watching these companies continue to drive change
across all sectors.”
Overall, 2016 Technology Fast 500™ companies achieved revenue
growth ranging from 121 percent to 66,661 percent from 2012 to
2015, with median growth of 290 percent.
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest
growing technology, media, telecommunications, life sciences and
energy tech companies – both public and private – in North America.
Technology Fast 500 award winners are selected based on percentage
fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company's operating revenues. Companies must have base-year
operating revenues of at least $50,000 USD, and current-year
operating revenues of at least $5 million USD. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its
subsidiaries. Please see www.deloitte.com/us/about for a detailed
description of the legal structure of Deloitte LLP and its
subsidiaries. Certain services may not be available to attest
clients under the rules and regulations of public accounting.
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.
© 2016 Ellie Mae, Inc. Ellie
Mae®, Encompass®, AllRegs®, DataTrac®, Ellie Mae
Network™, Mavent®, Mortgage Returns®, Prospect
Manager®, Total Quality Loan®, True CRM®, TQL® and the
Ellie Mae logo are trademarks of Ellie Mae, Inc. or its
subsidiaries. All rights reserved. Other company and product names
may be trademarks or copyrights of their respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20161117006283/en/
Ellie Mae, Inc.Erica Harvill,
925-227-5913Erica.harvill@elliemae.comorAllison+PartnersAlexandra
Gardell Kreuter, 646-428-0618EllieMae@allisonpr.com
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