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April 14, 2014
16:21 EDTELLIEllie Mae confirms no breach of data in recent outage
Ellie Mae reported its conclusion that the recent outage to its Encompass services was not a result of a malicious attack and confirmed that there was no breach of customer data. The characteristics of the outage initially appeared to the Company to be consistent with a distributed denial of service, or DDoS, attack. However, following a thorough review of the incident, with assistance from a leading security and cybercrime forensics firm, Ellie Mae has now concluded that there was no malicious attack on its systems. Accordingly, the company confirmed there was no breach of client or personal borrower data. The unexpected surge in service requests to web servers that resulted in the outage on March 31, was triggered by a confluence of factors involving network, hardware, software and demand for service. Ellie Mae has already taken a number of steps in response to this incident, including adding capacity and redistributing traffic across its data centers. The IT infrastructure has been functioning normally since mid-afternoon Pacific Daylight Time on April 1, 2014.
News For ELLI From The Last 14 Days
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March 2, 2015
07:38 EDTELLIJMP Securities to hold a conference
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07:21 EDTELLIEllie Mae outlook has improved, says Oppenheimer
After attending Elli Mae's annual user conference and investor day, Oppenheimer is more confident that the company can maintain an above SaaS-industry average growth trajectory and top-tier SaaS industry profitability margins in 2015 and 2016.. The firm says that origination volumes suggest that the environment has become more favorable for the company's new products and platform sales. It raised its price target on the name to $60 from $55 and keeps an Outperform rating on the shares.

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