Q2 Holdings acquires Centrix Solutions, Inc.

Q2 Holdings acquired Centrix Solutions, Inc. for $21.0 million (cash), a transaction announced in July 2015.

Acquired the Lincoln, Nebraska-based provider of fraud-detection, risk-management and compliance products to strengthen Q2's security and compliance capabilities for community financial institutions. Cash consideration was $21.0 million (including a $2.0 million escrow), with up to $9 million in additional milestone/retention payments.

Acquired the Lincoln, Nebraska-based provider of fraud-detection, risk-management and compliance products to strengthen Q2's security and compliance capabilities for community financial institutions. Cash consideration was $21.0 million (including a $2.0 million escrow), with up to $9 million in additional milestone/retention payments.

The acquisition of Centrix provides Q2 with the ability to deliver additional expertise and solutions that strengthen Q2's security, compliance and risk management capabilities and offerings.

Advisory firms were not disclosed for this transaction.

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