Verint to Be Acquired by Thoma Bravo in $2 Billion Deal

Verint®, widely recognized as The CX Automation Company™, has officially signed a definitive agreement to be acquired by Thoma Bravo, one of the world’s leading software investment firms. The all-cash deal values Verint at $2 billion enterprise value. Under the deal, Verint shareholders will get $20.50 in cash for each share an 18% premium over the company's 10-day average share price before news of a possible sale emerged on June 25, 2025.

Dan Bodner, Verint’s CEO and Chairman, spoke about how important this deal is for the company’s future. “Thoma Bravo’s investment is a testament to our CX Automation category leadership. 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,” he said.

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Mike Hoffmann, Partner at Thoma Bravo, shared this outlook and stressed the exciting long-term growth opportunities the acquisition could bring. “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. 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.”

Transaction Highlights

Verint’s Board of Directors gave the deal their full support, and it’s expected to be finalized before the company’s current fiscal year wraps up. The closing is subject to standard conditions, including shareholder approval and necessary regulatory clearances. Under the structure, a Thoma Bravo-controlled entity will serve as the parent company in a reverse-triangular merger. Importantly, the agreement is not subject to financing conditions, which accelerates the transaction process.

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In addition, certain Verint shareholders and board members, representing approximately 14.5% of the company’s voting power, have already signed agreements to vote in favor of the acquisition, subject to specific terms.

Once the acquisition is finalized, Verint’s common stock will be delisted from public exchanges, marking its transition to a privately held company under Thoma Bravo’s ownership. As part of the transition, Verint announced it will suspend quarterly earnings calls, discontinue quarterly and annual financial guidance, and pause its share repurchase program.

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Verint to Be Acquired by Thoma Bravo in $2 Billion Deal

Transaction Highlights

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