Private equity firm Thoma Bravo has announced its acquisition of Verint Systems Inc., a leading provider of customer engagement and AI-powered automation solutions, in an all-cash transaction valued at $2 billion. Under the terms of the agreement, Verint shareholders will receive $20.50 per share, representing an 18% premium over the company’s 10-day volume-weighted average share price before media reports regarding a potential sale.
The deal, which has been unanimously approved by Verint’s board of directors, is expected to close before the end of Verint’s current fiscal year, in early 2026, subject to customary closing conditions, including regulatory approvals.
Upon completion of the acquisition, Verint will merge with Calabrio, another Thoma Bravo portfolio company, to create a unified entity focused on delivering AI-driven customer experience (CX) automation solutions. This strategic consolidation aims to offer a comprehensive platform to organizations seeking to enhance customer interactions through advanced automation and analytics.
Thoma Bravo, known for its significant investments in software and technology sectors, manages approximately $184 billion in assets and has previously acquired companies like Dayforce and Olo. The acquisition of Verint aligns with Thoma Bravo’s strategy to expand its presence in the AI and CX automation markets, positioning the combined entity to lead innovation and growth in the industry.
The transaction underscores the growing trend of private equity firms investing in software companies amid economic uncertainty, reflecting confidence in the long-term potential of AI-driven solutions in enhancing customer experience and operational efficiency.
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