Software investment firm Thoma Bravo has agreed to acquire Verint, a customer experience, or CX, automation company, in an all-cash transaction valued at approximately $2 billion.
In a joint release published Friday, the companies said Verint’s board unanimously approved the deal, which is expected to close before the end of Verint’s current fiscal year in early 2026, subject to approval by Verint shareholders, regulatory clearances and other customary closing conditions.
Verint to Merge With Calabrio to Advance AI-Powered CX
“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,” added Hoffmann.
Upon the deal’s closing, Verint and Calabrio will merge to create a new entity focused on delivering CX automation platforms to organizations.
Terms of the Thoma Bravo-Verint Deal
Verint shareholders will receive $20.50 in cash per share, representing an 18 percent premium to the company’s unaffected share price.
Under the agreement, a Thoma Bravo-controlled entity will serve as the parent in a reverse-triangular merger that is not subject to a financing condition. Upon the transaction’s completion, Verint will go private and its common stock will no longer be listed on any public stock exchange.
Jefferies and Jones Day serve as financial adviser and legal counsel, respectively, to Verint in the transaction.
Perella Weinberg Partners and Santander act as financial advisers, while Kirkland & Ellis serves as legal counsel to Thoma Bravo.
