US private equity firm Thoma Bravo is in discussions to acquire Verint Systems Inc., a New York-based specialist in call centre and customer experience automation software, according to people familiar with the matter.
Sources indicate Thoma Bravo is negotiating terms for a possible deal and is currently reviewing confidential information shared by Verint. The private equity group is reportedly considering offering around $26 per share for the Nasdaq-listed firm — representing a significant premium to recent trading levels.
Despite ongoing discussions, there is no certainty that an agreement will be reached, and talks could yet fall apart, the sources cautioned. Thoma Bravo declined to comment, while Verint has not responded to requests for comment.
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.