If you’d like to receive SEG’s Monthly Deal Recap in your inbox, please subscribe below. Add a file uploader widget to your web app in less than 5 minutes. Select product categories include Asset Management, BI & Analytics, Communications & Collaboration, Content, Document & Business Process Management, Data Management, Engineering & PLM, ERP/Business Process Management, GRC, HR & Talent Management, MarTech, Security, and Supply Chain software. The acquisition of Simplifile expands the ICE Mortgage Services portfolio, which also includes MERS. This month’s vertical deals include Fintech, Healthcare, Hospitality, Real Estate, and Retail software. Our monthly newsletter covers select deals from various product categories and verticals. We thought you may enjoy a quick recap of select M&A deals announced during the month of May. “We are closely aligned with ICE’s vision as it applies to the residential mortgage industry, and, as we become part of Intercontinental Exchange, our team at Simplifile will continue our efforts to simplify the industry for all of its stakeholders.SEG closely tracks M&A transactions across the software industry. “We’ve seen how ICE has helped to transform markets going through an analog-to-digital conversion and has made them more transparent and efficient for all participants,” said Paul Clifford, founder and president of Simplifile. Today, Simplifile connects 1,922 counties across the US. Beginning with Utah County, it started the process of onboarding all 3,594 mortgage recording jurisdictions in the US with the purpose of digitizing the closing process. Acquiring Organization: IntercontinentalExchange Intercontinental Exchange is an operator of regulated exchanges and clearing houses serving the risk management needs of global markets. application from the Delaware County Veterans Affairs Department to acquire a copy of the discharge document from the National. By connecting lenders, settlement agents, and counties through a robust network, Simplifile will enhance ICE’s efforts to further streamline a legacy process ripe for innovation.” SimpliFile Simplifile connects lenders, settlement agents, and counties through its collaboration, e-recording, and post-closing services. On ICE announced that it would acquire Simplifile for 335 million. merger, consolidation, liquidation, or otherwise) to any person. agreement and plan of merger to acquire Worldpay, Inc. Simplifile Address: 602 Delaware Street New Castle, Delaware 19720 Main Office Number. residential mortgage market is evolving from paper-based transactions to digital solutions, said Chris McEntee, President of ICE Mortgage Services. The acquisition will not be material to ICE’s 2019 earnings or have an impact on capital return plans. 89 of employees would recommend working at Simplifile to a friend and 89 have a positive outlook for the business. Simplifile has an overall rating of 4.2 out of 5, based on over 36 reviews left anonymously by employees. We have accomplished a lot as Simplifile, and our focus on digitizing the closing and post-closing process for U.S. “Simplifile understood this trend early, uniquely solving for the critical aspect of submitting required documents into the public record in a seamless, auditable and transparent method. agreement to acquire Simplifile, LC for approximately 340 million on May. On ICE announced that it would acquire Simplifile for 335 million. Since being acquired by Ellie Mae its felt much more corporate opposed to small business. “Originators, consumers, and investors can obtain significant benefits and savings as the real estate process shifts from paper-based to digital transactions” said Chris McEntree, president of ICE Mortgage Services.
0 Comments
Leave a Reply. |