NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Ellie Mae, Inc. (“Ellie Mae” or the “Company”) (NYSE: ELLI) stock  prior to February 12, 2019 .

You are hereby notified  that Levi & Korsinsky, LLP has commenced an  investigation  into the  fairness of the sale of Ellie Mae to Thoma Bravo, LLC for $99 per share. To learn more about the action and your rights,  go to :

https://www.zlk.com/mna/ellie-mae-inc

  or contact Joseph E. Levi, Esq. either via email at  jlevi@levikorsinsky.com  or by telephone at (212) 363-7500, toll-free: (877) 363-5972.  There is no cost or obligation to you .

The Ellie Mae merger investigation concerns whether the Board of Ellie Mae breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Thoma Bravo, LLC is underpaying for Ellie Mae shares, thus unlawfully harming Ellie Mae shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have  recovered hundreds of millions of dollars for aggrieved shareholders . For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP Joseph E. Levi, Esq. 55 Broadway, 10th Floor New York, NY 10006 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com