Private-equity firm Thoma Bravo has agreed to acquire customer-experience software provider Verint Systems in an all-cash transaction that values the target at about $2 billion, including debt. Verint shareholders will receive $20.50 a share, putting the equity portion of the deal at roughly $1.23 billion. Verint’s board unanimously backed the offer. The companies said they expect to close the takeover before the end of Verint’s current fiscal year, pending shareholder and regulatory approvals. Following completion, Verint will be combined with Calabrio, another Thoma Bravo portfolio company, and its stock will be delisted. The purchase extends Thoma Bravo’s recent buying streak. The Chicago-based investor, which manages about $184 billion, agreed earlier this month to buy HR-software maker Dayforce for $12.3 billion. Verint, founded in 1994, serves more than 10,000 customers across 175 countries and says AI-driven products now account for half its annual recurring revenue.
.@ThomaBravo acquires @Verint for $2 billion, will combine it with @Calabrio https://t.co/usw6GSefCB Thoma Bravo will acquire Verint in a deal valued at $2 billion and combine it with Calabrio in a bet that it can automate customer experience with AI. https://t.co/1vKWVF2mWu
Thoma Bravo will acquire Verint Systems in a $2 billion deal, including debt, the customer engagement platform said on Monday, marking the latest software buyout as private equity firms increasingly bet on AI to navigate an uncertain economy. https://t.co/rKxKMhaM6d
Verint Systems $VRNT: Thoma Bravo nears deal to acquire Verint Systems at ~$2B valuation, per Bloomberg. Stock up 6% Friday despite 38% yearly drop @jonnajarian @petenajarian #ITSNOTANOPTION https://t.co/sfZL5lGaG0