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Q2 opening new Lincoln office, hiring more workers

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A Texas-based technology company plans to expand in Lincoln with new office space in the West Haymarket.

Q2 Holdings, a publicly traded provider of secure, cloud-based virtual banking solutions for credit unions and community banks, on Tuesday announced plans for a 20,000-square-foot office on the fourth floor of the Olsson Associates headquarters building at 601 P St.

Q2, which has its headquarters in Austin, Texas, bought Centrix Solutions, a Lincoln-based company that provides financial institutions with software products that detect fraud, manage risk and simplify compliance, in August for $20 million.

The new space at 601 P St. will be the new home to the current Lincoln employees, as well as new employees the company plans to hire, including developers, project managers and implementation engineers.

Tim Schnell, senior vice president of Centrix, which is now a division of Q2, declined to say how many new employees will call the Lincoln office home, but he said some of the new hires will work for other divisions of Q2. Centrix had 26 employees when it was acquired.

"This is, in essence, an opportunity to have a satellite office," Schnell said.

Schnell said Q2's top management visited the Haymarket when they were in town to announce the acquisition and were "very, very impressed" with the area.

He said with its location near the University of Nebraska-Lincoln, major hotels and other amenities, it became "pretty much a no-brainer" for the company to locate there.

Q2 said the new office, which will be about three times larger than Centrix's current space near 70th and A streets, will open sometime in the spring.

Reach the writer at 402-473-2647 or molberding@journalstar.com. On Twitter @LincolnBizBuzz.

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Business reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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