Thoma Bravo Completes Acquisition of Olo

NEW YORK, Sept. 12, 2025 /PRNewswire/ -- Thoma Bravo, a leading software investment firm, today announced the completion of its acquisition of Olo Inc. ("Olo" or the "Company"), a leading open SaaS platform for restaurants, in an all-cash transaction valued at approximately $2.0 billion in equity value. The agreement to acquire Olo was approved by Olo stockholders at the Special Meeting of Stockholders held on September 9, 2025.

With the completion of the transaction, Olo stockholders are entitled to receive $10.25 per share in cash for each share of Olo common stock they owned. The Company's common stock has ceased trading and will be delisted from NYSE.

"Olo has grown from a pioneer in digital ordering into a world-class platform that helps restaurants engage guests and drive profitable growth," said Noah Glass, Olo's Founder and CEO. "We are excited to continue our ambitious journey with Thoma Bravo. Together, we will take Olo's mission further by scaling faster and innovating deeper, while continuing to deliver industry-leading reliability and exceptional experiences for restaurants and their guests."

"Olo has built a powerful platform and strong relationships with some of the world's most iconic and admired restaurants brands," said Hudson Smith, a Partner at Thoma Bravo. "We are excited to support Noah and his team's vision for the future of Olo and the restaurant technology space. We see enormous potential ahead for them to scale their business, expand their capabilities, and deepen their impact on how restaurants operate and connect with their guests."

Advisors

Goldman Sachs served as the exclusive financial advisor and Goodwin Procter LLP served as legal counsel to Olo. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo.

About Olo

Olo is a leading restaurant technology provider with ordering, payment, and guest engagement solutions that help brands increase orders, streamline operations, and improve the guest experience. Each day, Olo processes millions of orders on its open SaaS platform, gathering the right data from each touchpoint into a single source—so restaurants can better understand and better serve every guest on every channel, every time. Over 750 restaurant brands trust Olo and its network of more than 400 integration partners to innovate on behalf of the restaurant community, accelerating technology's positive impact and creating a world where every restaurant guest feels like a regular. Learn more at olo.com.

About Thoma Bravo

Thoma Bravo is one of the largest software-focused investors in the world, with over US$181 billion in assets under management as of June 30, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 555 companies representing approximately US$285 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo's website at thomabravo.com.

Contacts 

Thoma Bravo

Megan Frank
[email protected]

OR 

FGS Global
Akash Lodh
[email protected]

Olo

[email protected]

SOURCE Thoma Bravo