Buyout firm Thoma Bravo has agreed to acquire Olo in an all-cash deal valuing the company at about $2 billion, the restaurant software provider said on Thursday, sending its shares up more than 13% in early trading.

Olo shareholders will receive $10.25 a share, a 65% premium over the share price prior to deal speculation. Shares jumped on the announcement.

Restaurant technology platform Olo has entered into an agreement to be acquired by software investment firm Thoma Bravo for an all-cash transaction with an estimated equity value of $2 billion. The transaction,