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 productsâ€”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
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%|
Q2 Holdings, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Q2 Holdings, Inc. Enterprise Applications Revenues By Verticals, $M:
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|
Q2 Holdings, Inc. Direct vs Indirect sales
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Q2 Holdings, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
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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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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