Sumo Logic IPO
Sumo Logic provides cloud-native machine data analytics and security intelligence solutions, helping organizations monitor, troubleshoot, and secure their applications and infrastructure. The company's platform ingests and analyzes log data and metrics from various sources to provide operational insights.
Key Facts
| Industry | Cloud Analytics & Observability |
| Founded | 2010 |
| Headquarters | Redwood City, CA |
| Employees | ~1,200 |
| Website | sumologic.com |
| Funding | Acquired by Francisco Partners for $1.78B in 2023 |
About Sumo Logic
Sumo Logic provides a cloud-native platform for log management, monitoring, and security analytics, helping organizations gain insights from machine data generated by applications, infrastructure, and security systems. The company went public in 2020 but was subsequently acquired by Francisco Partners in 2023 for approximately $1.78 billion, taking the company private again.
The platform serves enterprises and cloud-native organizations with real-time analytics capabilities for application performance monitoring, security operations, and business intelligence. Sumo Logic's cloud-first architecture and machine learning capabilities have made it a preferred choice for DevOps teams and security operations centers looking to modernize their monitoring and analytics infrastructure in multi-cloud environments.
IPO Status
Sumo Logic went public in September 2020, raising about $326 million in its IPO on the Nasdaq under the ticker SUMO. The IPO was well-received initially as demand for cloud monitoring and security solutions grew during the pandemic. In September 2023, Sumo Logic was acquired by Francisco Partners, a private equity firm specializing in technology investments, for approximately $1.78 billion. The acquisition took Sumo Logic private, with Francisco Partners citing plans to help accelerate the company's growth in the cybersecurity and observability markets.
Competitors
Frequently Asked Questions
Does Sumo Logic have a stock?
Yes, Sumo Logic had an IPO in September 2020 but was later acquired. Francisco Partners acquired the company for $1.78 billion in September 2023.
When is the Sumo Logic IPO date?
Sumo Logic is no longer planning an IPO as it was acquired by Francisco Partners in 2023. The company is now privately held.
How can I buy Sumo Logic stock?
You cannot currently buy Sumo Logic stock as it was acquired by Francisco Partners in 2023. The company is now privately held and no longer trades on public exchanges.
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