Ellie Mae Offering 3.1M Shares of Common Stock

PLEASANTON, CA – June 25, 2012 – Ellie Mae® (NYSE: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced that it intends to offer, subject to market and other conditions, 3,000,000 shares of its common stock.  In addition, Ellie Mae expects to grant the underwriters a 30-day option to purchase an additional 465,245 shares of common stock to cover over-allotments, if any.  Certain of Ellie Mae’s directors and executive officers also intend to offer 101,638 shares of common stock.  Ellie Mae intends to use the net proceeds from this offering for working capital and general corporate purposes, which may include the acquisition of, or investment in, technologies, solutions or businesses that complement the company’s business.  Ellie Mae will not receive any proceeds from the sale of common stock by the selling stockholders.  William Blair & Company, L.L.C. and JMP Securities LLC are acting as joint book-running managers of the offering.  Needham & Company, LLC, Oppenheimer & Co. Inc., D.A. Davidson & Co. and Wunderlich Securities, Inc. are acting as co-managers of the offering.   Ellie Mae has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and the applicable prospectus supplement and other documents Ellie Mae has filed or will file with the SEC for more complete information about Ellie Mae and the offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, a copy of the prospectus may be obtained from the offices of William Blair & Company at 222 West Adams Street, Chicago, IL 60606; Attention: Prospectus Department or by email at [email protected] or by phone at (800) 621-0687 or JMP Securities LLC at 600 Montgomery Street, Suite 1100, San Francisco, CA 94111 or by email at [email protected] or by phone at (415) 835-8985.   This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is unlawful.   Forward-Looking Statements This press release contains forward-looking statements under the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.  These forward-looking statements include statements regarding the completion, timing and size of the proposed public offering and constitute forward-looking statements that involve risks and uncertainties, including, without limitation, risks and uncertainties related to market conditions and the satisfaction of customary closing conditions related to the proposed public offering.  These statements involve known and unknown risks, uncertainties and other factors, which may cause Ellie Mae’s results to be materially different than those expressed or implied in such statements.  Such differences may be based on factors described in documents that Ellie Mae has filed with the Securities and Exchange Commission, including but not limited to its Quarterly Report on Form 10-Q for the three months ended March 31, 2012.  Other unknown or unpredictable factors also could have material adverse effects on Ellie Mae and its future results.  The forward-looking statements included in this press release are made only as of the date hereof.  There can be no assurance that Ellie Mae will be able to complete the proposed public offering.  Accordingly, you should not place undue reliance on these forward-looking statements.  Finally, Ellie Mae expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.   Source: Ellie Mae, Inc.