Olo Soars 13.47% on $2B Thoma Bravo Acquisition

Olo's stock surged by 13.47% in pre-market trading on July 4, 2025, driven by significant news that the company has agreed to be acquired by Thoma Bravo, a software investment firm, in an all-cash transaction worth $2 billion.

Olo, which went public in 2021, is set to become a private company following this transaction. The acquisition by Thoma Bravo, a private equity firm, marks a significant shift for Olo, which has been a prominent player in the restaurant technology sector. This move is expected to provide Olo with the resources and strategic support needed to further expand its services and market reach.

The acquisition is part of a broader trend in the tech industry where private equity firms are increasingly acquiring publicly traded companies to take them private. This strategy allows for more flexibility in long-term planning and execution without the pressure of quarterly earnings reports and public scrutiny. For Olo, this transition could mean accelerated growth and innovation in the restaurant software space.