Q2 Hits $79M In Annual Revenues

Austin-based Q2 Holdings, the newly public developer of virtual banking software aimed at the regional and community financial institution market, reported its fourth quarter and full year 2014 results on Thursday afternoon, saying that it had full year revenue of $79.1M. The company--which had its IPO in March of last year--said its revenues were up 39 percent, year over year. Q2 is led by Matt Flake. The company credited the signing of five Tier 1 customers and millions of new users in driving that revenue growth.