) received a contract from LeaderOne Financial, Overland Park, KS
for its Encompass360 platform. After thoroughly evaluating a total
of nine loan origination systems (LOS), the company finally chose
the Encompass360 solution.
David Pearson, chief operating officer and executive vice
president of operations for LeaderOne averred that other than the
regular features, what provided an edge over other LOS platforms
was the advanced controlling along with flexibility, adaptability
and reporting ability features of the Encompass360. Apart from
this, the Success-Based Pricing model of Ellie Mae ossified faith
in the company even more.
Ellie Mae seems well positioned to secure a formidable position
in the industry for the time being. On May 2, 2012, the company
reported its first quarter financial results of 2012, whereby
revenues jumped almost 97% annually to reach $20.9 million for the
quarter. It is noteworthy that the number of Encompass users surged
15% year over year to reach a whopping 58,844 by the end of the
first quarter. We can remain perspicacious of the company's
Encompass prospects with the current turn of events to behold yet
another strong upcoming quarter of 2012.
With its current burgeoning growth trend, the company expects
consolidated revenues of 2012 to be within $78 million and $79
million. This denotes a rise of around 40.5% - 42.3% compared to
2011 which is a credible increase for Ellie Mae.
However, it would be wise to be wary of the ominous rivals in
the industry at all times. Big players in this regard include
The Active Network, Inc.
The company currently retains a Zacks #2 Rank, which translates
into a short-term 'Buy' rating. We also maintain a long-term
'Neutral' recommendation on the stock.
ACTIVE NETWORK (ACTV): Free Stock Analysis
DEMANDWARE (DWRE): Free Stock Analysis Report
ELLIE MAE INC (ELLI): Free Stock Analysis
EXACTTARGET INC (ET): Free Stock Analysis
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