M&A Deal Summary

Q2 Holdings Acquires SmartyPig

On December 1, 2015, Q2 Holdings acquired internet software and services company SmartyPig for 11M USD

Acquisition Highlights
  • This is Q2 Holdings’ 1st transaction in the Internet Software and Services sector.
  • This is Q2 Holdings’ 3rd largest (disclosed) transaction.
  • This is Q2 Holdings’ 2nd transaction in the United States.
  • This is Q2 Holdings’ 1st transaction in Iowa.

M&A Deal Summary
Date 2015-12-01
Target SmartyPig
Sector Internet Software and Services
Buyer(s) Q2 Holdings
Deal Type Add-on Acquisition
Deal Value 11M USD

Target

SmartyPig

West Des Moines, Iowa, United States
SmartyPig LLC (dba Social Money) is a financial services software company that offers a modern cloud-based platform that assists financial institutions in their direct digital strategies.

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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 2 of 6
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 2 of 6
State (Iowa) 1 of 1
Country (United States) 2 of 5
Year (2015) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Centrix Solutions

Lincoln, Nebraska, United States

Centrix Solutions, Inc. is a provider of IT solutions to financial institutions with products that detect fraud, manage risk and simplify compliance.

Buy $20M
FOLLOWING 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 -
Mergr

Product

Company

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