Thoma Bravo Acquires AI-Powered Customer Engagement Platform Verint for $2 Billion

Thoma Bravo to buy Verint in $2 billion deal as software acquisitions ramp up

Aug 25 (Reuters) - Thoma Bravo will acquire Verint Systems (VRNT.O), opens new tab 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. Software companies have emerged as prime acquisition targets as adoption of artificial intelligence and recurring revenue prove to be resilient markers in an economy pressured by tariffs and volatile customer spending. Under the agreement, Verint shareholders will receive $20.50 per share in cash. The offer represents a premium of 4.2% to the stock's closing price on June 30, before the talks were first reported, and implies an equity deal value of $1.23 billion, according to Reuters calculations. Shares of Verint -- which provides an AI-powered platform to help enterprises organize, manage and improve customer interactions across various channels and digital operations -- were down 1.2% at $20.23. The stock has lost 25% of its value so far this year, pressured by strong competition and declining revenue in the past two quarters. Still, some analysts expect Verint's focus on AI bots to result in higher demand as enterprise customers invest in automation and efficiency. "We believe this was a strategic move for both entities as these organizations are closely aligned in terms of customer experience automation that leverages data and AI, with Thoma Bravo already heavily invested in this market," Wedbush analysts said in a note. Thoma Bravo, which had about $184 billion in assets under management as of March 31, is among the largest software-focused investors globally. The private equity firm has acquired or invested in more than 530 software and technology companies. Earlier this month, it had signed a $12 billion deal to acquire human resources software provider Dayforce (DAY.N), opens new tab. The latest deal is expected to close before the end of Verint's current fiscal year. Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles., opens new tab

Thoma Bravo to acquire contact center software provider Verint for $2B - SiliconANGLE

Thoma Bravo to acquire contact center software provider Verint for $2B Thoma Bravo is acquiring Verint Systems Inc., a provider of contact center automation software, for $2 billion including debt. The announcement of the deal today came less a week after the private equity firm's previous acquisition. On Thursday, Thoma Bravo agreed to purchase workforce management software provider Dayforce Inc. for $12.3 billion. Nasdaq-listed Verint counts more than 85% of the Fortune 100 as customers. It provides a cloud-based platform that helps companies make their contact centers more efficient. The platform provides access to artificial intelligence agents that can automatically answer common customer questions, as well as perform certain related tasks. If a buyer inquiry can't be answered automatically, Verint routes it to a human support representative. A built-in search engine helps contact center teams find the information needed to answer support tickets. The tool can retrieve data from multiple internal systems, as well as turn it into an AI-generated summary to save time for users. The company's platform provides contact center teams with not only business information but also pointers on how to interact with customers. According to Verint, the built-in AI helps support representative with tasks such finding opportune moments to upsell buyers. After a customer conversation ends, Verint generates a transcript that contact center managers can review to find areas for improvement. The platform also provides other ways of measuring contact center efficiency. It assigns a quality score to customer interactions and creates forms that buyers can use to provide feedback. Alongside its core contact center software, Verint sells workforce management tools. Enterprises can use those tools to calculate the optimal number of employees that should be assigned to a corporate location and adjust their hiring efforts accordingly. Verint generated $208 million in revenue during the three months ended April 30, a $14 million decline from the same time a year earlier. In the same time frame, the annualized recurring revenue of the company's subscription software business climbed 6.3% to $710 million. Verint ended the quarter with more than 10,000 customers. "We are making good progress in delivering AI-powered solutions to an early stage CX Automation market, and we recently announced that our AI Annual Recurring Revenue (ARR) now represents 50% of our total ARR, said Verint Chief Executive Officer Dan Bodner. "We look forward to extending our category leadership together with Thoma Bravo." Thoma Bravo's $2 billion offer represents a 4.2% premium to Verint's last unaffected closing price on June 30. The private equity firm expects to close the deal in early 2026.

What's Going On With Verint Systems Stock Monday? - Verint Systems (NASDAQ:VRNT)

Verint Systems Inc. VRNT announced on Monday it entered into a definitive agreement to be acquired by private equity firm Thoma Bravo in an all-cash deal valued at $2 billion. Under the terms, shareholders will receive $20.50 per share, representing an 18% premium to Verint's unaffected stock price before reports of a possible sale in late June. The deal, which was unanimously approved by Verint's board, is expected to close before the end of the company's current fiscal year. Once finalized, Verint will become a privately held company, and its shares will be delisted from public exchanges. The firm also said it will suspend quarterly earnings calls, halt financial guidance, and discontinue its stock repurchase program during the transition. Also Read: 6 Undervalued Semiconductor And Software Stocks Flashing Strong Value Signals CEO Dan Bodner said the agreement affirms Verint's leadership in customer experience automation, highlighting that AI-driven solutions now account for half of the company's recurring revenue. "We look forward to extending our category leadership together with Thoma Bravo," Bodner said. Mike Hoffmann, a Partner at Thoma Bravo, called Verint's enterprise platform and customer base a strong fit for the firm's portfolio. Following the acquisition, Verint will be integrated with Calabrio, another Thoma Bravo company, to build what the firm described as one of the broadest AI-powered customer experience platforms in the industry. The merger will be completed through a Thoma Bravo-controlled entity and does not depend on financing. Shareholders and directors holding about 14.5% of Verint's voting power have already agreed to support the deal. Related ETFs: Global X Artificial Intelligence & Technology ETF AIQ, and Invesco QQQ Trust QQQ. Price Action: VRNT shares are trading lower by 1.23% to $20.20 at last check Monday. Image via Shutterstock VRNTVerint Systems Inc $20.24-1.12% Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full Score Edge Rankings Momentum 11.91 Growth 55.25 Quality 71.16 Value 32.33 Price Trend Short Medium Long Overview AIQGlobal X Artificial Intelligence & Technology ETF $44.88-0.13% QQQInvesco QQQ Trust, Series 1 $570.26-0.30% Market News and Data brought to you by Benzinga APIs

Thoma Bravo to buy Verint in US$2 billion deal as software acquisitions ramp up

Thoma Bravo will acquire Verint Systems in a US$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. Software companies have emerged as prime acquisition targets as adoption of artificial intelligence and recurring revenue prove to be resilient markers in an economy pressured by tariffs and volatile customer spending. Under the agreement, Verint shareholders will receive $20.50 per share in cash. The offer represents a premium of 4.2 per cent to the stock's closing price on June 30, before the talks were first reported, and implies an equity deal value of $1.23 billion, according to Reuters calculations. Shares of Verint -- which provides an AI-powered platform to help enterprises organize, manage and improve customer interactions across various channels and digital operations -- were down 1.2 per cent at $20.23. The stock has lost 25 per cent of its value so far this year, pressured by strong competition and declining revenue in the past two quarters. Still, some analysts expect Verint's focus on AI bots to result in higher demand as enterprise customers invest in automation and efficiency. "We believe this was a strategic move for both entities as these organizations are closely aligned in terms of customer experience automation that leverages data and AI, with Thoma Bravo already heavily invested in this market," Wedbush analysts said in a note. Thoma Bravo, which had about $184 billion in assets under management as of March 31, is among the largest software-focused investors globally. The private equity firm has acquired or invested in more than 530 software and technology companies. Earlier this month, it had signed a $12 billion deal to acquire human resources software provider Dayforce. The latest deal is expected to close before the end of Verint's current fiscal year.