Q2 Named Among Inc. Magazine’s 5000 Fastest-Growing Companies
Austin-based electronic banking solutions provider makes Inc. 500|5000 list for fourth year
Q2, the leading provider of enterprise solutions for secure virtual banking, ranked number 1491 in Inc. Magazine’s Inc. 5000, an exclusive list of the fastest-growing private companies in America. This ranking places Q2 as #88 in the Top Financial Services Companies category and as #34 in the Austin Metro area. This is the fourth consecutive year Q2 has made the Inc. 500|5000.
The ranking is based on revenue growth and number of employees in a three-year period. While the median company on the list increased sales more than 140 percent since the start of 2010, Q2 experienced a 268 percent growth in the last three years.
“Being named to the Inc. 500|5000 list for the fourth year in a row is a testament to the ongoing growth and innovation we’re committed to,” said Q2 CEO, Matt Flake. “The growing demand for electronic banking and a unified customer banking experience has allowed us to work with over 400 banks and credit unions to date to ensure their account holders can count on anytime, anywhere, any device banking.”
Due to the recent growth, Q2 expanded its corporate headquarters to an 85,000-square-foot space in Austin’s research corridor earlier this year. As an anchor tenant in the new facility, Q2 custom built a space that fosters the collaborative work environment the company is known for. Of the companies 350 employees, 147 were hired in 2012.
To view the 2013 Inc. 500|5000 list in its entirety, visit inc.com.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. Additionally, they have to be U.S.-based, privately held, for profit, and independent, not subsidiaries or divisions of other companies, as of December 31, 2012. The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at inc.com/5000.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. To learn more, visit www.inc.com.