Q2 Holdings acquires PrecisionLender (Lender Performance Group, LLC)

Q2 Holdings acquired PrecisionLender (Lender Performance Group, LLC) for $510 million (cash), a transaction announced in October 2019.

Acquired the Charlotte, North Carolina-based enterprise SaaS provider of data-driven pricing, sales-enablement and portfolio-management solutions (with its Andi machine-learning coach), expanding Q2's commercial-banking offerings and total addressable market. Stated transaction value was approximately $510 million in cash (total purchase price ~$518 million after adjustments).

Acquired the Charlotte, North Carolina-based enterprise SaaS provider of data-driven pricing, sales-enablement and portfolio-management solutions (with its Andi machine-learning coach), expanding Q2's commercial-banking offerings and total addressable market. Stated transaction value was approximately $510 million in cash (total purchase price ~$518 million after adjustments).

The combination of PrecisionLender, Cloud Lending and our expanding corporate banking capabilities position Q2 as the leader in digital transformation solutions for commercial banking.

Advisory firms were not disclosed for this transaction.

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