Five years ago, Q2 had 240 servers. Today it has 8,500 servers. The company spent $150 million over the last five years building out its infrastructure, where it now hosts more than 4 petabytes of user data.
“We’ve grown from 1.2 million users to 11.5 million users and reduced downtime to one-fifth of what it was during that same period,” says Lou Senko, CIO of Q2, which provides a digital banking platform for banks and credit unions.
Headquartered in Austin, Texas, Q2’s cloud-based platform is aimed at helping smaller, community-based financial institutions compete with giants such as Bank of America, Wells Fargo and Citigroup. “Local financial institutions have to compete against some big, big players,” Senko says. “It’s our technology that levels the playing field in the digital world.”