TVC Exits Del Mar Datatrac
August 16, 2011- Share:
Del Mar Datatrac, a portfolio company of TVC Capital since 2008, has been sold to Ellie Mae (NYSE Amex: ELLI) for $17.2 million in cash at closing and future cash payments of $3 million, $3 million and $2 million over the next three years. DMD provides loan automation solutions for mortgage lenders, banks and credit unions.
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