Francisco Partners Completes Acquisition of Sumo Logic
12 Maggio 2023 - 3:40PM
Sumo Logic, the SaaS analytics platform to enable reliable and
secure cloud-native applications, today announced that Francisco
Partners, a leading global investment firm that specializes in
partnering with technology businesses, has completed its
acquisition of the company.
Pursuant to the terms of the definitive agreement announced on
February 9, 2023, Francisco Partners has acquired all outstanding
shares of Sumo Logic common stock for $12.05 per share in cash,
valuing the company at an aggregate equity valuation of
approximately $1.7 billion. As a result of the completion of the
transaction, Sumo Logic’s common stock has ceased trading and is no
longer listed on the NASDAQ stock exchange.
Advisors
Morgan Stanley & Co. LLC served as sole financial advisor to
Sumo Logic, and Wilson Sonsini Goodrich & Rosati, Professional
Corporation served as legal counsel. RBC Capital Markets served as
sole financial advisor to Francisco Partners, and Kirkland &
Ellis LLP served as legal counsel.
About Sumo Logic
Sumo Logic, Inc. empowers the people who power modern, digital
business. Through its SaaS analytics platform, Sumo Logic enables
customers to deliver reliable and secure cloud-native applications.
The Sumo Logic Continuous Intelligence Platform™ helps
practitioners and developers ensure application reliability, secure
and protect against modern security threats, and gain insights into
their cloud infrastructures. Customers around the world rely on
Sumo Logic to get powerful real-time analytics and insights across
observability and security solutions for their cloud-native
applications. For more information, visit www.sumologic.com.
About Francisco Partners
Francisco Partners is a leading global investment firm that
specializes in partnering with technology businesses. Since its
launch over 20 years ago, Francisco Partners has invested in over
400 technology companies, making it one of the most active and
longstanding investors in the technology industry. With
approximately $45 billion in capital raised to date, the firm
invests in opportunities where its deep sectoral knowledge and
operational expertise can help companies realize their full
potential. For more information on Francisco Partners, please visit
www.franciscopartners.com.
Media Contacts:
Sumo Logic
Carmen HarrisSumo Logiccharris@sumologic.com(650) 414-1584
Scott Bisang / Dan Moore / Clayton ErwinJoele Frank, Wilkinson
Brimmer Katcher(212) 355-4449
Francisco Partners
Whit Clay / Sarah Braunsteinwclay@sloanepr.com /
sbraunstein@sloanepr.com
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