M&A Deal Summary

Q2 Holdings Acquires PrecisionLender

On October 1, 2019, Q2 Holdings acquired internet software and services company PrecisionLender for 510M USD

Acquisition Highlights
  • This is Q2 Holdings’ 3rd transaction in the Internet Software and Services sector.
  • This is Q2 Holdings’ largest (disclosed) transaction.
  • This is Q2 Holdings’ 4th transaction in the United States.
  • This is Q2 Holdings’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2019-10-01
Target PrecisionLender
Sector Internet Software and Services
Buyer(s) Q2 Holdings
Deal Type Add-on Acquisition
Deal Value 510M USD
Advisor(s) William Blair (Financial)
Cozen O'Connor (Legal)

Target

PrecisionLender

Charlotte, North Carolina, United States
Lender Performance Group LLC is a SaaS provider of data-driven sales enablement, pricing and portfolio management solutions for financial institutions (FIs) globally. Lender Performance Group is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Q2 Holdings

Austin, Texas, United States
Category Company
Founded 2004
Sector Software
Employees2,312
Revenue 625M USD (2023)
DESCRIPTION

Q2 Holdings is a provider of secure cloud-based virtual banking software solutions. Q2 Holdings was founded in 2004 and is based in Austin, Texas.

DEAL STATS #
Overall 4 of 6
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 4 of 6
State (North Carolina) 1 of 1
Country (United States) 4 of 5
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Cloud Lending

San Mateo, California, United States

Cloud Lending, Inc. is a cloud-based lending and leasing platform of choice for leading lenders. The end-to-end lending platform simplifies the borrower experience, increases application volumes, accelerates loan decisioning, and reduces operational inefficiencies through digitization and automation. Cloud Lending, Inc. was founded in 2014 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 ClickSWITCH

Minneapolis, Minnesota, United States

ClickSWITCH is a digital account switching solution for financial institutions and challenger banks that simplifies the process of bringing new account holders onboard by quickly, safely, and efficiently switching direct deposits and automatic payments to new accounts. The company enables financial institutions to make switching easy, capture more deposits, rapidly and consistently gain PFI status, and increase profitability. ClickSWITCH was formed in 2014 and is based in Minneapolis, Minnesota.

Buy -
Mergr

Product

Company

Legal