About This Deal

Q2 Holdings acquired Cloud Lending, Inc. for $105.0 million (cash), a transaction announced in October 2018.

Acquired the San Mateo, California-based SaaS provider of an end-to-end digital lending and leasing platform, expanding Q2 into loan origination and servicing. Total consideration was $105.0 million (including a $10.5 million escrow).

Acquired the San Mateo, California-based SaaS provider of an end-to-end digital lending and leasing platform, expanding Q2 into loan origination and servicing. Total consideration was $105.0 million (including a $10.5 million escrow).

Deal Terms

Acquirer
Q2 Holdings
Target
Cloud Lending, Inc.
Value
$105.0 million (cash)
Date
October 2018
Type
Full acquisition
Status
Completed

Transaction Details

Announced
October 16, 2018

In Their Words

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.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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