Thoma Bravo will acquire Verint Systems in a $2 billion deal, including debt. This marks the latest software buyout as private equity firms increasingly bet on AI to navigate an uncertain economy. Software companies are increasingly becoming targets for acquisition, driven by the growing impact of AI and the stability of recurring revenue models, which offer resilience in an economy strained by tariffs and fluctuating consumer spending.
As per the agreement, Verint shareholders will receive $20.50 per share in cash. According to Reuters calculations, the offer represents a premium of 4.2% to the stock's closing price on June 30, before the talks were first reported, and implies an equity deal value of $1.23 billion.
Verint provides an AI-powered platform to help enterprises organize, manage and improve customer interactions across various channels and digital operations. Its shares were down 1.2% at $20.23. The stock has lost 25% of its value so far this year, pressured by strong competition and declining revenue in the past two quarters.
Thoma Bravo had about $184 billion in assets under management as of March 31, and is among the largest software-focused investors globally. The private equity firm has acquired or invested in more than 530 software and technology companies.
Earlier this month, it had signed a $12 billion deal to acquire human resources software provider Dayforce.
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