Ellie Mae a potential takeover target

The confluence of technology and housing is creating opportunities for mergers and acquisitions, Bloomberg News reports, and mortgage lending software provider Ellie Mae Inc. may be up for sale or a takeover target.

Potential buyers like IBM and Accenture Plc might be willing to pay $35 to $38 a share for the publicly traded, Pleasanton, Calif.-based company, analysts told Bloomberg.  Source: bloomberg.com.