Q2 Holdings, Inc. Completes Acquisition of Cloud Lending, Inc.
16 Oktober 2018 - 2:05PM
Business Wire
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital
banking solutions for financial institutions, announced today it
has successfully completed its acquisition of San Mateo,
California-based Cloud Lending, Inc., a SaaS company that provides
an integrated end-to-end lending and leasing platform to help
lenders close more loans and generate more revenue.
“The acquisition of Cloud Lending will enhance Q2’s ability to
deliver advanced digital solutions to financial institutions,
alternative finance and leasing companies that help them improve
their customers’ borrowing experiences,” said Matt Flake, CEO of
Q2. “Cloud Lending increases lending efficiency through the digital
channel to accelerate one of our customers’ most important income
streams.”
Cloud Lending’s products allow customers to maintain their
current loan workflows and risk scoring, but in a digital format.
Cloud Lending will benefit from Q2’s scale, infrastructure and
resources.
Going forward, Cloud Lending will be branded as Cloud Lending, a
Q2 Company. Q2 and Cloud Lending first announced the acquisition
agreement on Aug. 8, 2018.
About Q2 Holdings, Inc.
Q2 is a secure, cloud-based digital banking solutions company
headquartered in Austin, Texas. Since 2004, it has been our mission
to build stronger communities by strengthening their financial
institutions. Our digital banking solutions for deposits, money
movement, lending, leasing, security and fraud enable financial
institutions to deliver a better financial experience to their
account holders. Our bank and credit union customers, along with
emerging financial services providers, also benefit from actionable
data analytics and access to open technology tools. To learn more
about Q2, visit www.q2ebanking.com.
About Cloud Lending, Inc.
Cloud Lending is the next-generation, 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. Offering solutions for consumer, commercial, small
business, construction and equipment leasing, Cloud Lending’s
proven platform solution means lenders can grow their loan
portfolio with one partner, eliminating costs and reducing middle
and back office operational churn. To learn more, visit Cloud
Lending at https://www.cloudlendinginc.com.
Forward-looking Statements:
This press release contains forward-looking statements,
including statements about the ability of Cloud Lending’s products
to integrate with Q2’s solutions to enhance Q2’s abilities; the
ability of Q2 to advance its product offerings together with Cloud
Lending; the ability to cross-market Q2 and Cloud Lending’s
products; and the potential for Cloud Lending to benefit from Q2’s
scale, infrastructure and resources. The forward-looking statements
contained in this press release are based upon Q2’s current plans,
estimates and expectations and are not a representation that such
plans, estimates or expectations will be achieved. Forward-looking
statements are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in or suggested by the forward-looking statements.
Factors that could cause or contribute to such differences include,
but are not limited to, the following: (a) risks related to our
ability to successfully integrate Cloud Lending and its technology
and personnel; (b) risks related to the execution of our plans,
strategies and forecasts, including with respect to our security,
compliance, and risk management capabilities and offerings; (c)
risks related to the demand for these offerings; (d) risks related
to our expectations with respect to the business of Cloud Lending
after completion of the transaction and our ability to realize
additional opportunities for growth and innovation; and (e) other
risks and potential factors that could affect our business and
financial results identified in Q2’s filings with the Securities
and Exchange Commission. These filings are available on the SEC
Filings section of the Investor Relations section of Q2’s website
at http://investors.q2ebanking.com/. These forward-looking
statements represent Q2’s expectations as of the date of this press
release. Subsequent events may cause these expectations to change,
and Q2 disclaims any obligations to update or alter these
forward-looking statements in the future, whether as a result of
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20181016005184/en/
Red Fan CommunicationsEmma Chase, 512-551-9253C:
512-917-4319emma@redfancommunications.com
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