In June 2021, ICE (Intercontinental Exchange) announced the completion of its acquisition of the leading mortgage industry SaaS provider, Black Knight. This deal marks a major shift in the mortgage industry, having dragged on for over a year due to antitrust concerns.
With the completion of this transaction, center stage in the mortgage industry will be held by a combination of ICE’s broad range of data products, analytics and technology resources together with Black Knight’s deep breadth of mortgage industry based products and services. As the new leader for the mortgage industry, this strategic acquisition will allow ICE to replicate the success of their e-commerce business in the mortgage lending space by creating a unified platform customized to meet the needs of the mortgage industry.
Key Points:
– ICE acquisition of Black Knight was completed in June 2021
– Deal was worth $11.9 billion and was delayed due to antitrust concerns
– Combination of ICE’s data, analytics and technology resources with Black Knight’s mortgage specific products and services
– ICE to create unified platform to meet the needs of the mortgage industry
You can read this full article at: https://www.housingwire.com/articles/ice-completes-11-7b-acquisition-of-black-knight/(subscription required)
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