Thoma Bravo, a private equity firm specializing in software investments, has agreed to acquire Olo Inc., a New York-based restaurant software provider, in an all-cash transaction valued at approximately $2 billion. The deal offers Olo shareholders $10.25 per share, representing a premium of about 65% over the company's share price as of April 30. Olo, which operates an open SaaS platform for restaurants, will be taken private following the acquisition. The announcement caused Olo's shares to rise more than 13% in early trading. This transaction highlights Thoma Bravo's continued interest in the software sector and its strategy of acquiring companies with strong SaaS offerings.
Exclusive: Healthcare-software company Waystar is nearing a deal for private-equity backed Iodine Software worth over $1.2 billion, including debt, according to people familiar with the matter https://t.co/sdWpNxXsGI
Waystar to Acquire Iodine Software, Accelerating the AI-Powered Transformation of Healthcare Payments $WAY https://t.co/SJitjXKBef
Healthcare-software company Waystar is nearing a deal for private-equity backed Iodine Software worth over $1.2 billion, including debt, according to people familiar with the matter https://t.co/aZU194jaq1