Q2 acquisition history

Acquired the Lincoln, Nebraska-based provider of fraud-detection, risk-management and compliance products to strengthen Q2's security and compliance capabilities for community financial institutions. Cash consideration was $21.0 million (including a $2.0 million escrow), with up to $9 million in additional milestone/retention payments. $21.0 million (cash).

The acquisition of Centrix provides Q2 with the ability to deliver additional expertise and solutions that strengthen Q2's security, compliance and risk management capabilities and offerings.

Acquired the Iowa-based cloud platform provider (operating as Social Money) that helps financial institutions run direct-to-consumer digital strategies. Consideration was approximately $10.7 million in cash plus a $2.5 million 18-month hold-back. $10.7 million (cash).

Acquired the San Mateo, California-based SaaS provider of an end-to-end digital lending and leasing platform, expanding Q2 into loan origination and servicing. Total consideration was $105.0 million (including a $10.5 million escrow). $105.0 million (cash).

The acquisition of Cloud Lending will enhance Q2's ability to deliver advanced digital solutions to financial institutions, alternative finance and leasing companies that help them improve their customers' borrowing experiences.

Acquired the provider of digital account opening and digital sales-and-marketing solutions for financial institutions, adding customer-acquisition tooling to the Q2 platform. Consideration was approximately $25.5 million in cash. $25.5 million (cash).

Acquired the Charlotte, North Carolina-based enterprise SaaS provider of data-driven pricing, sales-enablement and portfolio-management solutions (with its Andi machine-learning coach), expanding Q2's commercial-banking offerings and total addressable market. Stated transaction value was approximately $510 million in cash (total purchase price ~$518 million after adjustments). $510 million (cash).

The combination of PrecisionLender, Cloud Lending and our expanding corporate banking capabilities position Q2 as the leader in digital transformation solutions for commercial banking.

Acquired the privately-owned provider of digital account-switching solutions to offer end-to-end digital customer acquisition, onboarding and account switching. Consideration was approximately $65.5 million in cash (including a $1.0 million hold-back). $65.5 million (cash).

The acquisition will further enable the Company to offer end-to-end digital customer acquisition, onboarding, and account switching offerings.