(RTTNews) - Olo Inc. (OLO) has entered into a definitive agreement to be acquired by Thoma Bravo, in an all-cash transaction valuing Olo at approximately $2.0 billion in equity value. Olo shareholders will receive $10.25 per share in cash. Upon completion, Olo will become a privately held company.
Noah Glass, Olo's Founder and CEO, said: "By partnering with Thoma Bravo, we believe we can build on our success to date and accelerate our vision of helping our customers create a world where every restaurant guest feels like a regular."
Shares of Olo are up 13% in pre-market trade on Thursday.
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