Thoma Bravo Finalizes $2 Billion Acquisition of Restaurant Tech Giant Olo

Thoma Bravo Completes Acquisition of Olo

In a significant move within the investment landscape, Thoma Bravo, one of the foremost software investment firms, has finalized its acquisition of Olo Inc., a leader in open SaaS platforms tailored for the restaurant sector. This all-cash transaction is valued at approximately $2 billion in equity. The agreement received the green light from Olo's stockholders during a Special Meeting held on September 9, 2025.

With this acquisition, Olo stockholders are set to receive $10.25 per share, as the company's common stock prepares to cease trading and will soon be delisted from the New York Stock Exchange. This transaction marks a pivotal moment for Olo, which has evolved from a digital ordering pioneer into a robust platform that assists restaurants in engaging guests effectively and driving profitable growth. "We are thrilled to embark on this ambitious journey with Thoma Bravo," stated Noah Glass, the Founder and CEO of Olo. "Together, we will enhance Olo's mission, expedite our scaling efforts, and deepen our innovation capabilities while delivering unparalleled reliability and exceptional experiences for both restaurants and their patrons."

Thoma Bravo's Partner, Hudson Smith, expressed enthusiasm about the potential they see in Olo, highlighting the company's strong relationships with some of the most celebrated restaurant brands across the globe. He stated, "Olo has established a formidable platform in the restaurant technology space. We are excited to support Noah and his team in realizing their vision for the future, exploring unprecedented avenues for expanding their capabilities while making significant contributions to how restaurants operate and connect with their guests."

About Olo

Olo stands out as a leading technology provider for restaurants, offering innovative solutions that encompass ordering, payment, and guest engagement. With its open SaaS platform, Olo processes millions of orders daily, consolidating data from various touchpoints into a singular source. This capability enables restaurants to improve their understanding of guest preferences and deliver a superior experience consistently. Currently, over 750 restaurant brands and a network of more than 400 integration partners trust Olo to pioneer innovations that positively impact the restaurant community, creating experiences where every guest feels valued.

About Thoma Bravo

Thoma Bravo is recognized as one of the largest investors focused on software globally, managing over $181 billion in assets as of June 30, 2025. The firm employs various strategies, including private equity and growth equity, to invest in innovative and growth-oriented companies within the software and technology sectors. Leveraging extensive sector knowledge and operational expertise, Thoma Bravo collaborates with its portfolio companies to implement best practices and catalyze growth initiatives. Over two decades, the firm has facilitated acquisitions or investments across approximately 555 companies, representing around $285 billion in enterprise value. Thoma Bravo operates out of multiple offices, including locations in Chicago, Dallas, London, Miami, New York, and San Francisco.

Advisors

For this transaction, Goldman Sachs acted as the exclusive financial advisor to Olo, while Goodwin Procter LLP provided legal counsel to the company. On the other hand, Kirkland & Ellis LLP served as legal counsel for Thoma Bravo.

As Olo transitions under the wing of Thoma Bravo, industry stakeholders and restaurant owners alike will be watching closely to see how this acquisition will reshape the future of restaurant technology and engagement strategies.