Thoma Bravo Nears $2 Billion Verint Systems Acquisition

U.S. private equity firm Thoma Bravo is nearing a deal to acquire call center software company Verint Systems for approximately $2 billion, including debt, with an announcement potentially coming soon. Verint, which specializes in customer experience automation and AI-driven solutions, counts major clients like Google, Microsoft, and Lyft, and recently reported a 6% revenue decline but exceeded top- and bottom-line guidance. The company carries significant goodwill and convertible debt on its balance sheet but generates around $900 million in annual revenue with stable positive cash flow. Thoma Bravo, a major software-focused investor managing about $184 billion in assets, aims to restructure companies like Verint to boost performance, as seen in their recent $12.3 billion acquisition of HR software provider Dayforce. Talks remain ongoing with no final decision yet, and the deal could still fall through or change in timing or terms. This acquisition fits Thoma Bravo’s strategy of acquiring profitable but slow-growing software firms for eventual relisting or resale.