Thoma Bravo, the US private equity giant, is in active talks to acquire Verint Systems Inc., a New York-based company known for its customer engagement and call centre automation software, sources close to the situation have revealed.
According to people with knowledge of the matter, Thoma Bravo is currently assessing confidential information provided by Verint as part of due diligence for a possible transaction. The deal being contemplated would reportedly value Verint shares at around $26 each — significantly above recent market prices.
Insiders cautioned that the negotiations remain ongoing and could still collapse without a formal agreement being reached. Thoma Bravo offered no comment, and Verint has not responded to requests for a statement.
Shares in Verint rose 6.8% to $19.86 during trading in New York on Wednesday, giving the company a market capitalisation of approximately $1.2bn. The stock has fallen around 28% so far this year, although the company surpassed revenue forecasts in its first quarter — a performance analysts attribute partly to growing demand for AI-driven solutions.
Founded in 1994 and headquartered in Melville, New York, Verint serves over 10,000 customers in more than 175 countries and positions itself as a leader in customer experience automation technology.
In early 2021, Verint spun off Cognyte Software Ltd., its investigative analytics business, into a separate publicly traded company, which currently has a market value of around $678m.
US news outlet Semafor previously reported that Verint had been working with investment banks to explore a potential sale.