Thoma Bravo has agreed to acquire Verint Systems in a deal valued at about $2 billion, including debt. The transaction reflects the growing wave of software acquisitions as private equity firms double down on artificial intelligence to offset economic uncertainty.
Under the terms of the agreement, Verint shareholders will receive $20.50 per share in cash. That price represents a 4.2% premium compared with Verint’s closing level on June 30, when reports of a potential sale first surfaced. The equity value of the deal is about $1.23 billion, based on Reuters calculations.
Key Points
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Deal Size: $2 billion, including debt
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Shareholder Offer: $20.50 per share in cash
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Premium: 4.2% to June 30 closing price
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Equity Value: $1.23 billion
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Thoma Bravo AUM: $184 billion as of March 31
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Recent Deals: $12 billion acquisition of Dayforce earlier this month
Verint’s shares slipped 1.2% to $20.23 on Monday, leaving them down around 25% so far this year. The company, which offers AI-driven tools to help businesses manage customer interactions across digital channels, has been under pressure from declining sales and increased competition.
Despite recent struggles, analysts see the company’s emphasis on AI-powered automation as a potential growth driver. Wedbush analysts noted the acquisition aligns with Thoma Bravo’s deep investments in customer experience and AI-driven automation.
Thoma Bravo remains one of the most active private equity players in software, with a portfolio spanning more than 530 technology companies. With $184 billion in assets under management, the firm continues to push into sectors where AI and recurring revenue provide long-term stability.
The Verint deal is expected to close before the end of the company’s current fiscal year.
