About This Deal

Q2 Holdings acquired ClickSWITCH Holdings Inc. for $65.5 million (cash), a transaction announced in April 2021.

Acquired the privately-owned provider of digital account-switching solutions to offer end-to-end digital customer acquisition, onboarding and account switching. Consideration was approximately $65.5 million in cash (including a $1.0 million hold-back).

Acquired the privately-owned provider of digital account-switching solutions to offer end-to-end digital customer acquisition, onboarding and account switching. Consideration was approximately $65.5 million in cash (including a $1.0 million hold-back).

Deal Terms

Acquirer
Q2 Holdings
Target
ClickSWITCH Holdings Inc.
Value
$65.5 million (cash)
Date
April 2021
Type
Full acquisition
Status
Completed

Transaction Details

Announced
April 1, 2021

In Their Words

The acquisition will further enable the Company to offer end-to-end digital customer acquisition, onboarding, and account switching offerings.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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