v3.25.2
Business
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Business Business
Olo Inc. was formed on June 1, 2005 in Delaware and is headquartered in New York City. On January 14, 2020, our Board of Directors and stockholders approved our name change from Mobo Systems, Inc. to Olo Inc. Unless the context otherwise indicates or requires, references to “we,” “us,” “our,” and “the Company” shall refer to Olo Inc.
We are an open SaaS platform for restaurants. Our platform powers restaurant brands’ on-demand digital commerce operations, enabling digital ordering, delivery, engagement, and payments, while further strengthening and enhancing restaurants’ direct guest relationships. We provide restaurants with a business-to-business-to-guest, enterprise-grade, open SaaS platform to manage their complex digital businesses and enable fast and more personalized experiences for their guests. Our platform and application programming interfaces seamlessly integrate with a wide range of solutions, unifying disparate technologies across the restaurant ecosystem. Restaurant brands rely on us to increase their digital omni-channel sales, maximize profitability, establish and maintain direct guest relationships, and collect, protect, and leverage valuable customer data.
As previously disclosed, on July 3, 2025, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Project Hospitality Parent, LLC (“Parent”), a Delaware limited liability company, affiliated with the private equity investment firm Thoma Bravo, L.P. (“Thoma Bravo”), and Project Hospitality Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), providing for the Company’s acquisition by Thoma Bravo in an all-cash transaction valued at approximately $2 billion (the “Transaction” or the “Merger”). If the Transaction is completed, the Company’s stockholders will be entitled to receive $10.25 in cash for each share of the Company’s common stock they hold as of the effective time of the Transaction. The Transaction is expected to close by the end of calendar year 2025, subject to customary closing conditions, including approval by the Company’s stockholders and the receipt of required regulatory approvals. See Note 13 “Subsequent Events” to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q for information regarding the Merger.