Thoma Bravo is in advanced talks to acquire Verint, the customer relationship software company, amidst the AI revolution impacting the CRM sector.
The deal value remains undisclosed, with Verint’s market capitalization currently at $1.1 billion. Verint’s shares surged by 15% in after-hours trading following the news of the potential acquisition.
Verint, originally spun out from Israel’s Comverse, focuses on customer engagement solutions and competes with NICE, facing pressure from emerging AI competitors like Microsoft.
With a presence in over 175 countries and serving around 10,000 customers, Verint positions itself as a leader in customer experience automation and has been listed on the Nasdaq Stock Exchange since 2002.
Thoma Bravo, known for acquiring and restructuring software businesses, has a history of successful investments in Israeli tech, including cybersecurity company Imperva.
A successful acquisition by Thoma Bravo would strengthen its presence in enterprise software, aligning with the trend towards AI-driven CRM solutions.
