AUSTIN, Texas (8/5/15)--Q2 Holdings Inc., a provider of cloud-based virtual banking solutions, has acquired Centrix Solutions Inc., a fraud detection, risk management and compliance provider.
Centrix Solutions Inc. will now be branded as Centrix Solutions, a Q2 company.
Centrix and Q2 have partnered together for years with many mutual clients, the companies said. Centrix works with digital banking and core processing vendors in Q2’s market and serves more than 316 credit union and community bank clients nationwide.
Centrix’s co-founder/president Tim Schnell will continue to run the business and report directly to Q2’s CEO Matt Flake.
“Centrix Solutions is known for first-class offerings and highly impressive customer service,” said Flake. “We plan to further that reputation by investing in and growing Centrix. Their vision, culture and commitment to community financial institutions matches the vision and standards we have at Q2. Now we have the ability to advance our product offerings together and ensure that our community financial institutions are always getting the very best when it comes to managing risk and mitigating fraud.”