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Olo Inc. - OLO STOCK NEWS

Welcome to our dedicated page for Olo news (Ticker: OLO), a resource for investors and traders seeking the latest updates and insights on Olo stock.

Olo Inc. (NYSE: OLO) is a prominent player in the digital ordering landscape, catering to the restaurant industry with its innovative Software as a Service (SaaS) platform. The company empowers restaurant brands by offering an enterprise-grade ordering solution that enables digital commerce operations. This platform integrates seamlessly with existing systems, creating new digital revenue streams while enhancing the overall dining experience.

Founded in 2005, Olo started as a pioneer in text message ordering on mobile feature phones. Today, the company boasts over 15 million users who leverage its platform to order ahead and skip the line® at their favorite restaurants. Some of Olo's notable clients include Baskin-Robbins, Chipotle, Five Guys, Jamba Juice, Noodles & Company, Veggie Grill, and Wingstop.

Olo's platform encompasses a comprehensive suite of functionalities, including digital ordering, delivery, front-of-house management, and payments, thereby strengthening direct guest relationships for its restaurant partners. The company's core mission is to help restaurant brands maximize revenue per square foot by delivering faster, more accurate, and personal service to their customers through beautiful, fully branded digital interfaces.

Recent achievements highlight Olo's commitment to innovation and growth. The company recently announced a settlement in a class action lawsuit, securing $9 million to benefit affected class members. This development underscores the company's legal resilience and dedication to shareholder interests.

Olo continues to innovate and expand its service offerings, supported by a robust financial condition. The company's ability to adapt and thrive in a competitive market makes it a significant entity in the restaurant technology space. To stay updated with the latest news and developments from Olo Inc., visit their official website or follow their announcements.

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Olo Inc. (NYSE:OLO) has launched Loyalty for Borderless Accounts, allowing guests to earn and redeem rewards from a brand's existing loyalty program through Olo's passwordless checkout solution. This feature, along with 18 other enhancements, aims to increase orders, streamline operations, and improve guest experiences across Olo's Order, Pay, and Engage solution suites.

Key updates include Marketing A/B Testing for Email Campaigns, Catering+ Order Management, Order with Google Enhanced Redirect, and POS Menu Builder for Toast users. These innovations are designed to drive sales, enhance guest retention, and provide valuable customer data for restaurant brands using Olo's platform.

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Olo Inc. (NYSE: OLO), a leading restaurant technology provider, has announced that it will release its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, July 31, 2024. The company will host a conference call on the same day at 5:00 p.m. Eastern Time to discuss the financial results and provide financial guidance. Investors and interested parties can access a live webcast of the conference call on the 'Investor Relations' website at investors.olo.com. A replay of the call will also be archived on the website for future reference.

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Bottle Rocket, a global digital product agency, has announced a strategic partnership with Olo (NYSE: OLO), a leading restaurant technology provider. The collaboration aims to enhance digital guest experiences by combining Bottle Rocket's innovative design and development solutions with Olo's digital ordering platform, used by over 700 restaurant brands.

Bottle Rocket has introduced Ignite, a digital acceleration platform offering restaurant brands a customizable mobile solution that can be built faster and more cost-effectively. Ignite features a pre-built Olo integration and supports various restaurant brands, providing a flexible foundation for creating differentiated experiences across iOS, Android, and web.

This partnership leverages Bottle Rocket's extensive experience in the restaurant industry and Olo's robust platform to help brands create scalable, flexible, and growth-oriented digital ordering experiences.

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Battery Ventures, a global technology-focused investment firm, announced six significant promotions across its Boston, New York, and London offices. Satoshi Harris-Koizumi, who has been with the firm for 12 years, was promoted to partner. He focuses on later-stage and majority software investments in the U.S. Harris-Koizumi has worked with companies such as Cambrio, HighJump, Mendix, and Olo. Collier Searle, who joined in 2020, was promoted to principal and focuses on late-stage and buyout investments in Europe and the U.S. Searle is involved with ORTEC and Shiftmove and has previous experience with Apax Partners and Bank of America Merrill Lynch.

Additionally, Max Jessen and Stefan Momic were promoted to vice presidents, while Jack McGuinness and Grace Hermes were promoted to associates. These promotions reflect Battery Ventures' commitment to fostering talent as it continues to invest in innovative technology companies.

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Levi & Korsinsky announces a $9,000,000 settlement in the class action lawsuit against Olo Inc. (NYSE:OLO).

The class includes individuals and entities that bought Olo's Class A common stock between March 17, 2021, and August 11, 2022.

Eligible class members must file a claim form by July 9, 2024, to receive a share of the settlement fund.

For more information and claim forms, visit the provided website link.

Levi & Korsinsky, known for its expertise in securities litigation, has a strong track record of securing substantial settlements for shareholders.

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Levi & Korsinsky announces a $9,000,000 settlement in the class action lawsuit against Olo Inc. (NYSE: OLO). The class includes individuals and entities that purchased Olo's Class A common stock between March 17, 2021, and August 11, 2022. Affected shareholders must file claim forms by July 9, 2024, to be eligible for their share of the settlement. Levi & Korsinsky, known for their extensive experience and success in securities litigation, is facilitating this process to ensure timely claims submission.

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Olo (NYSE:OLO), a top restaurant tech provider, announced an enhanced partnership with TRAY, a POS and restaurant management platform for Enterprise restaurants. This collaboration will integrate Olo's Pay and Engage suites with TRAY's Cloud-first POS by year-end. This includes Olo Pay for card-present payment processing and Olo Engage for personalized guest experiences. The partnership aims to streamline operations, increase orders, and enrich customer interactions through advanced tech like machine-learning for accurate order times and automated menu synchronization. Olo CEO Noah Glass highlights the need to bridge the online-offline gap, as 84% of restaurant transactions still occur offline. TRAY CEO Peter Kellis emphasizes the benefits of seamless digital transactions and data-driven guest personalization. New integrations aim to enhance both guest satisfaction and operational efficiency.

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Olo (NYSE: OLO), a leading open SaaS platform for restaurants, has announced that its senior management will present at two major investor conferences. The presentations are scheduled for the Needham Technology, Media, & Consumer Conference on Thursday, May 16, 2024, at 8:00 a.m. Eastern Time, and the RBC Capital Markets Financial Technology Conference on Tuesday, June 11, 2024, at 10:40 a.m. Eastern Time. Both presentations will be webcast live, with replays available for a time on Olo's investor relations website.

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Dutch Bros, a fast-growing drive-thru coffee chain, partners with Olo to implement mobile app ordering and payment at all 850 locations. This collaboration aims to enhance operational efficiency, streamline the ordering process, and offer flexible mobile ordering options to customers. By leveraging Olo's technology, Dutch Bros seeks to maintain its people-first culture while delivering on core values of speed, quality, and service.

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Olo Inc. (NYSE:OLO) announced its first-quarter 2024 financial results, showing impressive growth with a 27% increase in revenue and a 29% increase in ARPU year-over-year. The company's new partnerships and platform enhancements are poised to drive further growth and improve guest experiences. Financially, Olo reported positive figures across revenue, gross profit, operating income, and net income. The company also highlighted strong cash reserves and active locations, indicating a solid financial position. Olo's outlook for the second quarter and fiscal year 2024 shows continued growth and profitability expectations.

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FAQ

What does Olo Inc. do?

Olo Inc. provides a Software as a Service (SaaS) platform that enables digital ordering, delivery, front-of-house management, and payments for restaurant brands.

Who are some of Olo's notable clients?

Olo's clients include well-known brands like Baskin-Robbins, Chipotle, Five Guys, Jamba Juice, Noodles & Company, Veggie Grill, and Wingstop.

How many consumers use Olo's platform?

Over 15 million consumers utilize Olo's platform to order ahead and skip the line® at their favorite restaurants.

What was Olo's recent legal development?

Olo recently announced a $9 million settlement in a class action lawsuit, benefiting affected class members.

When was Olo founded?

Olo was founded in 2005, initially pioneering text message ordering on mobile feature phones.

How does Olo help restaurant brands?

Olo maximizes revenue per square foot for restaurant brands by delivering faster, more accurate, and personalized service through its digital platforms.

How can I stay updated with Olo's latest news?

You can stay updated by visiting Olo's official website or following their announcements for the latest news and developments.

What makes Olo's platform unique?

Olo's platform integrates seamlessly with existing restaurant systems, opening new digital revenue streams and enhancing direct guest relationships.

What services does Olo's platform offer?

Olo's platform offers digital ordering, delivery, front-of-house management, and payment services for restaurant brands.

Where can I find more information about Olo?

For more information, visit Olo's official website at olo.com.

Olo Inc.

NYSE:OLO

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