The previous session saw a notable surge in Olo Inc. (NYSE: OLO), which ended trading at $10.12, up 13.58%. The spike was sparked by the announcement that the restaurant technology business had finalized a deal to be acquired by Thoma Bravo, a well-known private equity group.
The Acquisition Deal
Olo’s stock is valued at around $2.0 billion in the all-cash deal. Through the purchase, Olo will be able to accelerate its expansion plan and increase its digital capabilities for over 750 restaurant brands worldwide.
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As part of the deal, Olo investors will get $10.25 in cash per share. This is a 65% premium over Olo’s closing price of $6.20 on April 30, 2025, the final trading day before rumors of a sale began to circulate. Following closure, Olo will delist its shares from public exchanges and undergo a substantial transformation in its operational structure, turning into a privately held company.
The Legacy of Digital Innovation in Dining
Olo has been a pioneer in restaurant digital solutions since its establishment in 2005, including services for online ordering, payment processing, and customer care. Millions of transactions are processed every day by an open SaaS platform, which also aggregates customer data to give customers useful insights.
Olo has established itself as a key component of the contemporary eating experience, with a presence in more than 88,000 locations and collaborations with over 750 restaurant brands and 400+ technology companies.
In order to assist restaurants increase profitability and client retention, the firm has gradually expanded its capabilities beyond ordering to include sophisticated guest interaction tools and data-driven marketing methods. Its position as a major technology partner in the sector has been solidified by its unwavering emphasis on improving the visitor experience.
Strategic Expansion Under New Management
Thoma Bravo cited Olo’s excellent customer connections, scalable infrastructure, and leadership in the sector as the main factors that led to the purchase. The deal is expected to be completed by the end of 2025. Following the acquisition, Olo will maintain its brand identity while utilizing Thoma Bravo’s financial and strategic know-how to spur innovation and future expansion.
