Private equity giant Thoma Bravo has agreed to acquire Verint Systems in a transaction valued at $2bn including debt, as buyout firms continue to double down on software platforms with strong AI capabilities, according to a report by Reuters.
Under the terms of the deal, Verint shareholders will receive $20.50 per share in cash, representing an equity value of around $1.23bn. The transaction is expected to close before the end of Verint’s current fiscal year.
New York–based Verint provides AI-powered customer engagement software, helping enterprises manage and improve customer interactions across digital channels. Despite recent share price weakness – the stock has fallen about 25% this year amid revenue pressure and intensifying competition – analysts highlight the company’s AI-driven automation tools as well positioned for long-term enterprise demand.
Thoma Bravo, which manages $184bn in assets as of 31 March, has been one of the most active private equity investors in software and technology, with over 530 portfolio companies to date. The Verint transaction follows Thoma Bravo’s $12bn buyout of HR software provider Dayforce earlier this month, underscoring its appetite for scale deals in the sector.
