Thoma Bravo has officially completed its $2.0 billion all-cash acquisition of Olo Inc., a leading SaaS platform for restaurants. The deal, approved by Olo shareholders earlier this month, entitles stockholders to $10.25 per share in cash. Following the transaction, Olo’s stock has ceased trading and will be delisted from the NYSE.
Olo’s founder and CEO Noah Glass said the company remains committed to scaling and innovating in digital restaurant technology, while Thoma Bravo partner Hudson Smith emphasized the platform’s strong brand relationships and potential for long-term growth. The acquisition marks another step in Thoma Bravo’s continued push into software investments, particularly in verticals transforming traditional industries like hospitality and dining.
Source: PR Newswire
