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New Deal


Announced

Completed

Q2 Holdings completed the acquisition of PrecisionLender for $510m.

Financials

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Transaction Value£414m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software development

Acquisition

Single Bidder

banking software

Software

Majority

Private

United States

Completed

Friendly

Synopsis

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Q2 Holdings, a provider of digital transformation solutions for banking and lending, completed the acquisition of PrecisionLender, a commercial banking software developer, for $510m. “The combination of PrecisionLender, Cloud Lending and our expanding corporate banking capabilities position Q2 as the leader in digital transformation solutions for commercial banking. We are excited to help our customers use our combined data insights to build lasting relationships with their customers and are thrilled with the outstanding leadership, culture and talent that PrecisionLender will bring to the Q2 family,” Matt Flake, Q2 CEO.

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