Francisco Partners Acquires Sumo Logic
May 12, 2023
Francisco Partners has completed its acquisition of Sumo Logic for $12.05 per share in cash, valuing the company at approximately $1.7 billion. The transaction takes Sumo Logic private and positions the SaaS analytics provider to accelerate product innovation and growth in observability and security for cloud-native applications.
- Buyers
- Francisco Partners
- Targets
- Sumo Logic
- Sellers
- Sumo Logic stockholders
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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