Thoma Bravo Acquires Verint Systems in $2 Billion Deal to Merge with Calabrio

Thoma Bravo, a private equity firm specializing in software investments, has agreed to acquire Verint Systems Inc. for $2 billion in cash. The deal values Verint at $20.50 per share, an 18% premium over its pre-announcement price. The transaction is expected to close by early 2026, subject to regulatory approvals, after which Verint will no longer be publicly traded.

The acquisition aims to merge Verint with Calabrio, another Thoma Bravo portfolio company, to create a unified platform for customer experience automation. The combined entity will target a $50 billion market, offering AI-driven analytics tools for call centers and digital support teams. The merger is positioned to enhance efficiency and accelerate results for businesses leveraging their integrated solutions.