Ellie Mae, Dublin, Calif., has acquired Michigan-based Lasso Technologies, a developer of Web-enabled applications, to be able to offer its Encompass point-of-sale software as an application service provider.The terms of the transaction were not disclosed. Lasso used to offer Encompass on an ASP basis as a third-party service, which is why the acquisition was such a good fit, said Jonathan Corr, senior vice president for products at Ellie Mae. As a result, Ellie Mae is launching Encompass Anywhere, a new Web-hosted solution of its flagship loan origination and management system. Lasso management will be absorbed into Ellie Mae, the company said. Ellie Mae can be found on the Web at http://www.elliemae.com.
Processing Content
