On February 9, 2023, Sumo Logic, a SaaS analytics platform to enable reliable and secure cloud-native applications, announced that it has entered into a definitive agreement to be acquired by affiliates of Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, for $12.05 per share in cash. The all-cash transaction values Sumo Logic at an aggregate equity valuation of approximately $1.7 billion.

A Wilson Sonsini team that represented Sumo Logic in the transaction includes:

Corporate/M&A
Rezwan Pavri
Marty Korman
Doug Schnell
Jackie Hamilton
Lianna Whittleton
Ross Tanaka
Abby Prithivi
Eleanor Bleecker
Richa Sharma
Matt Maricic
Alejandra Gonzalez
Robert Gunn

Tax
Myra Sutanto Shen
Han Shen

Technology Transactions
Chris Paniewski
Shivang Patel
Patrick W. Messenger
Kristin Bradley
Whitman Shaw

Privacy and Cybersecurity
Matt Staples
Daniel Chen
Michael O’Brien
Diya Jajal

Employee Litigation
Jason Storck
Aren Balabanian
Colleen Angus-Yamada

Employee Benefits and Compensation
Scott McCall
Jessica Bliss

Real Estate
James McCann
Brooke Elberger

Environmental
Martin R. Sul

Regulatory
Joshua Gruenspecht
Anne Seymour
Seth Cowell

Antirust
Ben Labow
Kim Biagioli

Corporate Finance
Dana Hall
Joseph Catapano

Delaware Corporate
Amy Simmerman
Ryan Greecher
Jason Schoenberg

For more information, please see the press release.