PE Loves SaaS Again: Thoma Bravo Buys Olo for $2 Billion
SaaStr
JULY 4, 2025
net income in Q1 2025 (GAAP profitable) Key Metrics: $911 ARPU (+12% YoY), 111% NRR, 88k active locations Customers: 750+ restaurant brands across 88,000+ locations Employees: 617 in the US as of Dec 2024 Acquisition Price: $2B ($10.25/share, share, 65% premium) Why This Deal Matters for B2B and SaaS This isn’t just another PE rollup.
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