Digital, online-commerce platform Olo, agreed to acquire Wisely, a customer intelligence and engagement platform for restaurants, for $187M

Olo to acquire Wisely, a customer intelligence and engagement platform for restaurants

Restaurant-tech acquisition valued at $187M, funded with cash and stock

Digital, online-commerce platform Olo, agreed to acquire Wisely, a customer intelligence and engagement platform for restaurants, for $187M. Wisely provides restaurants the ability to use customer data to increase the customer lifetime value, delivering efficient acquisition, retention, frequency, and spend initiatives. The acquisition will give Olo, which connects digital ordering to restaurants, third-party platforms and ordering hubs, the ability to expand its offering, upselling a pool of 74,000 client locations to Wisely’s offering.

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Digital-ordering solutions company Olo files for IPO

$100M IPO a barometer of digital marketplace for restaurants

Olo, a technology company that provides order integration and fulfillment technology to restaurants, has filed for an initial public offering valued at $100M. The leading food-ordering open-SAAS platform architecture company has experienced incredible demand for its products as restaurant companies have turned to digital ordering, propelled by customers seeking off-premises meal consumption.

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Uber Eats POS integration announced by Olo

Uber Eats POS integration delivered by Olo in new partnership

Uber Eats, Olo create direct-order gateway via Olo Rails

Olo announced a new partnership that makes Uber Eats POS integration a reality for thousands of restaurants. Digital ordering provider Olo has integrated third-party delivery orders from Uber Eats into Olo Rails. Through the partnership, customer orders placed with Uber Eats flow directly to the ordering queue at the restaurant via point-of-sale (POS) connectivity. The companies said this will increase order accuracy and improve efficiency.

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Tiger Global Management has invested in digital ordering platform Olo

Tiger Global Management invests in digital ordering platform Olo

$18M investment to fuel growth, reward long-term Olo team members

Tiger Global Management, LLC has invested in Olo, an ondemand food ordering platform for digital ordering and delivery, in the amount of $18M. The common-equity-based deal provides liquidity and reward for long-term Olo team members. Olo and Tiger Global Management are both based in New York City. Olo’s enterprise software enables digital ordering and rapid restaurant transaction.

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