Q2ebanking Marks Milestone Year with Funding, Strong Sales, Continued Momentum

February 1, 2012

Q2ebanking Marks Milestone Year with Funding, Strong Sales, Continued Momentum

Parent company, CBG Holdings, secures an additional $11 million in financing, revenue increases nearly 50 percent

AUSTIN, Texas, Feb 1, 2012 – Q2ebanking (Q2), a provider of premier electronic banking solutions for community-based financial institutions, announced today that the company ended 2011 with additional funding, record sales and strong momentum. Q2’s parent company, CBG Holdings, Inc., secured $11 million in incremental financing led by its primary investor, Adams Street Partners, in December 2011, which will enable the company to invest in new client-focused initiatives, leverage market momentum and further invest in innovation. Additionally, Q2ebanking marked a record year for sales, with a 30 percent growth in customer base over the previous year, including 11 new community-focused financial institutions with more than $1 billion in assets. Q2’s total revenue increased 48 percent and the average deal size increased by 60 percent when compared to the same period in 2010. Additionally, full time employees increased by 70 percent in 2011 as Q2 continues to proactively expand and round out its team to best manage its steady growth with a focus on client success, process improvement and service. “We are proud of our accomplishments and strong performance in 2011,” said Matt Flake, CEO and president of Q2ebanking. “It was a year of strategic investment for our solutions; our team built for the future of the company while exceeding our goals for the year. Our market momentum and ability to raise additional capital in a challenging economy are a testament to Q2’s impact on the industry we serve. Demand for added capabilities and efficiencies in electronic banking continue to remain a top priority and Q2 is well positioned to meet that need for financial institutions of all sizes, further demonstrating the value of our solutions and competitive differentiation within the financial industry.” Q2 was repeatedly recognized for its innovative solutions and solid, growing infrastructure in 2011. The company was selected to share the latest strategies for deploying electronic banking technology based on industry leading security features at Finovate Spring 2011. The Texas Bankers Association endorsed its risk and fraud analytics (RFA) solution, while renewing the endorsement of its online, voice and mobile solutions. Inc. magazine ranked the company number 337 on its 30th annual Inc. 500, an exclusive list of the nation’s fastest-growing private companies. And, The Austin American-Statesman ranked the company on its annual Top Workplaces list. Flake added, “2012 is going to be an exciting year at Q2 and the entire industry. Our clients are our number one priority, and new electronic banking technology advancements will enable them to make greater strides in providing the services that consumers and businesses want while continuing to enhance efficiency.”


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