Texas-based digital banking software provider Q2 Holdings has acquired Georgia-based peer Gro Solutions for an undisclosed sum.
Through the acquisition, Q2 clients will gain access to Gro’s configurable sales platform that aims to boost conversion and lower abandonment. The deal is also said to offer omnichannel account opening capabilities to Q2 clients.
Gro upgraded its platform this year by adding new features such as business account opening capabilities.
Gro CEO David Eads said: “As a combined force, we look forward to providing leading account opening, ecommerce and end-to-end digital financial solutions to banks, credit unions and other financial technology companies.
“We are delighted to be joining the Q2 team and look forward to delivering best-in-class financial digital sales and marketing solutions.”
Four months ago, Q2 announced the acquisition of Cloud Lending- a California-based provider of integrated lending and leasing platform.
Q2 CEO Matt Flake said: “With Q2’s recent acquisitions of Cloud Lending and now Gro—combined with our leading, secure digital banking platform—we are delivering powerful solutions for the financial services vertical to provide exceptional experiences needed to keep pace with the high expectations of today’s account holder.
“Our acquisition of Gro adds yet another element that helps our customers reduce user friction, increase engagement in the digital channel and expand their offerings.”