More and more banks are looking to the cloud to solve their technology needs, and Q2 Holdings Inc. seems to be benefiting.

Cloud-banking provider Q2 announced this week that it has signed its largest-ever client, San Francisco-based First Republic Bank, which has $51 billion in assets. The bank plans to implement Q2’s technology to attain a 360-degree customer view and to offer features customers are coming to expect, easy money movement and mobile alerts, among others, according to a Q2 press release.

Signing a Top 50 bank is a major win for Austin, Texas-based Q2, which launched in 2004 and went public in March 2014. While Q2 stock [ticker: QTWO] hasn’t moved much since the announcement, it is 31.21% higher so far this year, opening today at $24.55 per share. The company’s market capitalization is approaching $1 billion.