Calyx, Ellie Mae Settle Lawsuit

San Jose, Calif.-based Calyx Software and Ellie Mae, Dublin, Calif., have resolved their dispute in Calyx's lawsuit against Ellie Mae.In a joint statement, both companies described the settlement as "mutually beneficial in allowing both companies to focus on serving their respective customers." As part of the confidential settlement, Ellie Mae agreed to pay Calyx an undisclosed sum. The companies added that "Calyx and Ellie Mae are distinct companies, each with their own products and services to offer to the mortgage industry. Any confusion in the marketplace regarding this distinction is not desirable. Certain statements attributed to Ellie Mae in the past implying affiliation between Ellie Mae and Calyx have been inaccurate." The companies can be found online at http://www.calyxsoftware.com and http://www.elliemae.com.