Q2 Holdings, Inc. Among Apps Top 500

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Q2 Holdings, Inc. Strengths, Domain Expertise, and Key Differentiators

Q2 is a provider of secure, cloud-based digital solutions that transform the ways in which traditional and emerging financial services providers engage with account holders and end users, or End Users. Q2 sell their solutions to financial institutions, alternative finance and leasing companies, or Alt-FIs, and financial technology companies, or FinTechs. Q2 solutions enable their customers to deliver robust suites of digital banking, lending, leasing, and banking as a service, or BaaS, services that make it possible for End Users to transact and engage anytime, anywhere and on any device.

Q2 Holdings, Inc. Recent Developments

November 2021— Q2 Holdings, Inc. and Boston Consulting Group (BCG) today announced the launch of YieldBuilder to help solve one of the top challenges for commercial banks in North America: effective loan pricing.

In May 2020, Q2 brought its Banking-as-a-Service (“BaaS”) offering under the Q2 brand banner—as Q2 BaaS. As part of this transition, Q2 and StoneCastle dissolved their partnership, known in the market as Cambr. Going forward, Q2, which owns the core technology that powers innovative onboarding, deposit processing, debit card, and payment solutions for blue-chip clients like Acorns, will continue to invest under the Q2 BaaS moniker and will market these solutions to fintechs, innovative brands and global corporations independent of StoneCastle.

Q2 Holdings, Inc. Mergers and Acquisitions (M&A) Activities

In November 2019, Q2 Holdings, Inc., announced it has completed the acquisition of Lender Performance Group LLC (“PrecisionLender”) in a cash transaction valued at approximately $510 million. Based in Charlotte, North Carolina, PrecisionLender is an enterprise SaaS provider of data-driven sales enablement, pricing, and portfolio management solutions for financial institutions (“FIs”)globally.

In December 2018, Q2 Holdings has acquired Atlanta-based Gro Solutions, a provider of industry-leading account opening and digital sales and marketing solutions for financial institutions (FIs). The acquisition reflects both companies' ongoing mission of providing best-in-class digital experiences to FIs and the broader financial services industry. Gro Solutions provides a digital sales platform that drives customer acquisition growth across all digital channels. The Gro platform enables customers to make personalized recommendations and cross-sell products—from deposit accounts to loans for both retail and business clients. Gro's solution combines advanced, multichannel account opening with targeted marketing capabilities as well as a shopping cart experience. Account-holders can simply add financial products when and how they need them.

Q2 Holdings, Inc. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Q2 Holdings, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Q2 Holdings, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Q2 Digital Banking Platform, Q2 Lending and Leasing, Q2 BaaS, customers.

Q2 Holdings, Inc. Overview

Ownership: - QTWO : NYSE

Number of Employees: 1749

Functional Markets: CRM, ERP Financial, ERP Services and Operations Management, TRM, PaaS,

Key Verticals: Banking and Financial Services,

Q2 Holdings, Inc. Key Enterprise and Cloud Applications

Q2 Digital Banking Platform, Q2 Lending and Leasing, Q2 BaaS,

Q2 Holdings, Inc. Revenues, $M:

Type/Year 2020 2021 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Q2 Holdings, Inc. Revenue Breakdown By Type, $M:

Type License Prof. Services Hardware Support & Maintenance SaaS PaaS IaaS Other (Non Enterprise Application Revenues) Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Q2 Holdings, Inc. Revenues By Region, $M

Region % of Total Revenues 2021 Total Revenues, $M 2021 Enterprise Applications Revenues, $M 2021 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Q2 Holdings, Inc. Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Q2 Holdings, Inc. Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Q2 Holdings, Inc. Customers

No. of Q2 Holdings, Inc. Customers: 450

No. of Q2 Holdings, Inc. Enterprise Applications Customers: 450

No. of Q2 Holdings, Inc. Cloud Customers: 400

No. of Q2 Holdings, Inc. Cloud Subscribers: 13100000

As of December 2020, Q2 had 450 installed digital banking platform customers located in 48 states, and those customers had approximately 17.8 million consumer and commercial users registered on Q2 digital banking platform. Registered users of Q2 digital banking platform, or Registered Users, executed over $1.4 trillion in financial transactions on Q2.

Q2 Holdings, Inc. Market Opportunities, M&A and Geo Expansions

Q2 believes there is significant opportunity to expand their relationships with existing customers by selling additional solutions such as their lending and leasing, digital account opening and data-driven sales enablement and portfolio management solutions. In addition, their revenues from existing customers continue to grow as these customers increase the number of End Users on their solutions and as the number of transactions these End Users perform on their solutions increases.

Q2 Holdings, Inc. Risks and Challenges

Because of the limited number of banks being created after the financial crisis, Q2 may need to ramp up its acquisition engine in order to increase its coverage. While the number of US banks has been declining sharply over the past 15 years, Q2 needs to drive greater adoptions through unconventional channels such as social media and mobile. Additionally Q2 may have to add mobile payment capabilities as part of its standard offering in order to attract more millennial users.

Q2 Holdings, Inc. Ecosystem, Partners, Resellers and SI

Q2's channel partners include American Bankers Assosciation, Cardinal Software, COCC Financial Technology Solutions, CuProdigy, DCI - datacenterinc.com, PSCU Forward, TRICUE a technology CUSO, TriNovus and Western independant bankers. Its Technology Partners are Andera, Centrix Solutions, FIS, FUNDtech, Geezeo, iPayTechnologies, Trusteer and Yodlee. Q2ebanking has a partnership with Acculynk, payments technology company, to provide real-time person-to-person (P2P) payment solution through Acculynk's Payzur service.

Q2 Holdings, Inc. Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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