mynth
08/2025

VERINT SYSTEMS acquired by THOMA BRAVO

UNITED STATES Software / CRM & Sales EV 1b - 4b USD

Context

Thoma Bravo entered into a definitive agreement to acquire Verint in an all-cash transaction valued at an enterprise value of $2 billion. Common shareholders are to receive $20.50 per share, representing an 18% premium over the unaffected share price. The deal was structured as a reverse-triangular merger. Upon closing, Thoma Bravo intends to merge Verint with its existing portfolio company, Calabrio, to create the industry's broadest AI-powered CX platform. This consolidation aims to capture the significant opportunity in automating CX workflows for brands of all sizes.

VERINT SYSTEMS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Verint Systems is a global leader in customer engagement solutions. It provides an AI-powered platform designed to automate customer experience (CX) workflows, helping brands achieve significant business outcomes through artificial intelligence. At the time of the deal, the company reported that its AI Annual Recurring Revenue (ARR) represented 50% of its total ARR, reflecting a successful transition to a cloud-first, AI-driven model. Its solutions are used by leading global brands to manage complex customer interactions across various digital and voice channels.

Ent. Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (USD)

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2025
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2024
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REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 500M - 1b USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VERINT SYSTEMS by THOMA BRAVO are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: thoma bravo