Thoma Bravo Acquires AI-Powered Customer Engagement Platform Verint for $2 Billion
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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
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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
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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
[4]
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
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Private equity firm Thoma Bravo is set to acquire Verint Systems, an AI-powered customer engagement platform, in a $2 billion deal. This acquisition marks a significant move in the software industry, highlighting the growing importance of AI in navigating economic uncertainties.
Thoma Bravo's Strategic Acquisition of Verint Systems
Private equity firm Thoma Bravo has announced its acquisition of Verint Systems, a leading provider of AI-powered customer engagement platforms, in a deal valued at $2 billion including debt
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. This move marks a significant development in the software industry, highlighting the growing importance of artificial intelligence in navigating economic uncertainties.Deal Structure and Market Response
Under the terms of the agreement, Verint shareholders will receive $20.50 per share in cash, representing a 4.2% premium to the stock's closing price on June 30, when talks were first reported
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. The deal implies an equity value of $1.23 billion. Following the announcement, Verint's shares experienced a slight decline of 1.2%, trading at $20.234
.Verint's AI-Powered Platform and Market Position
Verint Systems provides an AI-powered platform that helps enterprises organize, manage, and improve customer interactions across various channels and digital operations
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Source: SiliconANGLE
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.Thoma Bravo's Strategic Move
Thoma Bravo, with approximately $184 billion in assets under management, is among the largest software-focused investors globally
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. This acquisition aligns with their strategy of investing in companies that leverage data and AI for customer experience automation. Analysts view this move as strategic for both entities, given their alignment in terms of AI-powered customer experience solutions1
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Source: BNN
Industry Trends and Future Outlook
The acquisition of Verint Systems is part of a broader trend in the software industry, where companies with AI capabilities and recurring revenue models are becoming prime acquisition targets
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. This trend is driven by the resilience of AI adoption and recurring revenue in an economy pressured by tariffs and volatile customer spending.Related Stories
Post-Acquisition Plans
Following the acquisition, Verint will become a privately held company, and its shares will be delisted from public exchanges
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. The company plans to suspend quarterly earnings calls, halt financial guidance, and discontinue its stock repurchase program during the transition. Thoma Bravo intends to integrate Verint with Calabrio, another company in its portfolio, to create one of the broadest AI-powered customer experience platforms in the industry3
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Source: Benzinga
Closing Timeline and Approvals
The deal, which has been unanimously approved by Verint's board, is expected to close before the end of Verint's current fiscal year
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. Shareholders and directors holding approximately 14.5% of Verint's voting power have already agreed to support the acquisition3
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