Intercontinental Exchange acquired Simplifile, LC for US$335 million (cash), a transaction announced in May 2019.
Acquired the network connecting lenders, settlement agents and county recording offices for electronic mortgage recording, expanding the ICE Mortgage Services portfolio alongside MERS. Announced May 1, 2019 and completed in 2019.
Acquired the network connecting lenders, settlement agents and county recording offices for electronic mortgage recording, expanding the ICE Mortgage Services portfolio alongside MERS. Announced May 1, 2019 and completed in 2019.
ICE will pay $335 million to acquire Simplifile, which is based in Provo, Utah and has no debt.
Advisory firms were not disclosed for this transaction.