BY Richard Summerfield
Software investment firm Thoma Bravo has agreed to acquire Verint Systems, a leader in customer experience automation, in a deal worth $2bn.
Under the terms of the deal, Verint common shareholders will receive $20.50 per share in cash - an 18 percent premium to Verint’s 10-day volume weighted average share price up to 25 June 2025, the last day prior to media reports regarding a potential sale of the company.
The transaction, which has been unanimously approved by the Verint board, is expected to close before the end of Verint’s current fiscal year, subject to customary closing conditions, including approval by Verint shareholders and the receipt of required regulatory approvals.
Upon completion of the transaction, Verint common stock will no longer be listed on any public stock exchange. Thoma Bravo intends to merge Verint with its portfolio company Calabrio, a workforce engagement management platform, which the firm says will offer an expansive portfolio to advance the critical priorities of customer experience organisations across the size and complexity spectrum. The combination will create more opportunities for companies to quickly achieve business outcomes in their interactions with customers.
“Thoma Bravo’s investment is a testament to our CX Automation category leadership,” said Dan Bodner, chief executive and chairman of Verint. “Leading brands around the world are reporting strong AI business outcomes with the Verint CX Automation Platform. 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. We look forward to extending our category leadership together with Thoma Bravo.”
“Verint’s market leading CX Automation platform, enterprise customer base and talented employees position it well to shape the future of customer experience with AI as part of the Thoma Bravo portfolio,” said Mike Hoffmann, a partner at Thoma Bravo. “At the closing of the transaction, Verint will join forces with Thoma Bravo portfolio company Calabrio. The opportunity to automate CX workflows with an AI-powered platform is significant, and the combined company will have the industry’s broadest CX platform arming brands of all sizes with strong AI business outcomes.”
According to a statement announcing the deal, certain shareholders and members of the Verint board have entered into voting agreements pursuant to which they have agreed, among other things, to vote their shares of Verint stock in favour of the transaction, subject to certain conditions. These shareholders currently represent approximately 14.5 percent of the voting power of Verint’s stock.
Thoma Bravo, which had about $184bn in assets under management as of 31 March, is one of the largest software-focused investors in the world. The firm has acquired or invested in more than 530 software and technology companies. In August, the firm agreed a $12bn deal to acquire human resources software provider Dayforce.
News: Thoma Bravo to buy Verint in $2 billion deal as software acquisitions ramp up