AUSTIN, Texas--(BUSINESS WIRE)--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 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.”
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. Q2 stands among other notable companies on this year’s list like LivingSocial and Otterbox, and shares the Inc. 500|5000 alumni title with greats including Microsoft, Zappos, Pandora and Patagonia.
“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. Q2 intends to hire 60 additional employees by the end of 2013.
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.
Headquartered in Austin, Texas, Q2 (previously Q2ebanking) is a leading provider of virtual banking for financial institutions. Q2's enterprise SaaS solutions empower banks and credit unions to swiftly and securely provide their account holders with anytime, anywhere banking on any device. To date, over 400 financial institutions with more than 3 million active users currently utilize the Q2 platform. Q2 provides flexible deployment options for tablet, mobile, online and voice banking paired with an integrated security layer that mitigates fraud risk at the transaction level in real time. Named by the Austin American- Statesman as one of the best places to work, Q2 has also received recognition from Inc. Magazine as one of the fastest growing companies in the U.S. for three years in a row. Q2 received $20 million in Series C financing in March of 2013, led by Battery Ventures with continued support from Adams Street Partners. To learn more about Q2 visit www.q2ebanking.com.