Verint acquired by Thoma Bravo in USD2B Deal
Verint Systems, known for its AI-driven customer experience automation platform, agreed to an all-cash acquisition by private equity firm Thoma Bravo at an enterprise value of approximately USD 2 billion.
Thoma Bravo, which manages about USD 184 billion in assets and has an extensive track record across the software sector, will merge Verint with Calabrio to create one of the most comprehensive AI-powered customer experience platforms in the market.
Founded in 1994 as part of Comverse, once among Israel’s high-tech giants, Verint initially focused on surveillance before expanding into customer relationship software. After spinning off its security division as Cognyte, the company today employs around 3,800 people globally, with about 200 based in Israel, primarily in R&D.
Jones Day advised Verint Systems, with Meitar advising as Israeli counsel – its team comprising Dan Shamgar, Keren Shitrit, Tal Farber, and Dana Yagur.
Kirkland & Ellis acted for buyer Thomas Bravo, with Goldfarb Gross Seligman acting as Israeli counsel.
Latham & Watkins represented the financing sources in the transaction.
