Acquisition Announcement: Verint has entered into a definitive agreement to be acquired by Thoma Bravo for $2 billion in an all-cash transaction, offering shareholders $20.50 per share, which is an 18% premium over the unaffected share price.
Strategic Positioning: Verint's CEO highlighted the company's leadership in Customer Experience (CX) Automation and its significant progress in AI-powered solutions, with AI Annual Recurring Revenue now constituting 50% of total ARR.
Transaction Approval Process: The acquisition has been unanimously approved by Verint's Board of Directors and is expected to close before the end of the current fiscal year, pending shareholder and regulatory approvals.
Impact on Operations: Following the announcement, Verint will suspend quarterly earnings calls and guidance, and its common stock will be delisted from public exchanges upon completion of the transaction.
VRNT
$20.51+Infinity%1D
Analyst Views on VRNT
About VRNT
Verint Systems Inc. helps brands increase customer experience (CX) automation with its differentiated artificial intelligence (AI)-powered Open Platform. AI-powered platforms are specifically designed for the customer engagement domain to increase the level of their CX automation. The Company’s Verint Open Platform is designed to help brands increase CX automation across all touchpoints between their organization and their customers: in the contact center, back office, branch, websites, and mobile apps. Its platform is differentiated based on an open approach and an architecture with behavioral data and Verint Da Vinci AI at the platform core. Its platform offers a range of applications and AI-powered bots available in the Verint Open Platform delivering a wide range of capabilities for contact centers, branches, back offices, websites, and the CX function. Its Platform Capabilities include Customer Self-Service, Agent Copilot Bots, Business Analytics, Workforce Engagement, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
