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Casper1774 StudioPrivate equity firm Thoma Bravo is in discussions to acquire Verint Systems Inc., a provider of call center and customer experience automation software, according to people familiar with the matter.
Sources indicate that Thoma Bravo is negotiating the terms of a potential transaction with Verint, which is sharing confidential information as part of the discussions. The private equity firm is reportedly willing to offer a significant premium to close the deal, with a potential bid of around $26 per share, according to individuals close to the situation.
While discussions are ongoing, there is no certainty that the two parties will reach a final agreement, and the talks could still fall through, the sources said. A representative for Thoma Bravo declined to comment, and Verint has not responded to requests for comment.
Shares of Verint rose 6.8% to $19.86 as of 9:54 a.m. in New York trading on Wednesday, giving the company a market value of approximately $1.2 billion. The stock, listed on the Nasdaq since 2002, has declined 28% year-to-date, despite beating revenue estimates in the first quarter. Analysts attribute this decline in part to increased adoption of AI-powered solutions.
Headquartered in Melville, New York, Verint serves over 10,000 customers across more than 175 countries. The company describes itself as a leader in customer experience automation software.
In February 2021, Verint spun off Cognyte Software Ltd., a business focused on investigative analytics, into a separately traded public company, now valued at around $678 million.
Semafor previously reported that Verint had been working with investment bankers to explore a sale.
Originally published on mediadecision.com, part of the BLOX Digital Content Exchange.
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