Restaurant-technology provider Olo Inc. has entered into an agreement to be acquired by software-investment firm Thoma Bravo. Thoma Bravo has agreed to pay Olo shareholders $10.25 per share in cash, a 65% premium over Olo’s unaffected share price of $6.20 as of April 30, 2025. Thoma Bravo has placed Olo’s equity value at $2 billion, though the purchase price was not disclosed.
The deal is expected to close by the end of the year. Once the deal is completed, Olo will continue to operate under the Olo brand, Thoma Bravo says. As of March 31, 2025, Thoma Bravo had $184 billion in assets under management.
Founded in 2005, Olo provides digital ordering, payments, and customer-engagement solutions to more than 750 restaurant brands with 88,000 locations. The company also has more than 400 integration partners. Restaurant chains using the Olo platform include Cracker Barrel, Denny’s, P.F. Chang’s, Portillo’s, and Stone Cold Creamery.