VERINT SYSTEMS acquired by THOMA BRAVO
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.
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
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
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (USD)
Similar deals in TMT (Tech, Media, Telecom)
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 09/2025 | HEDOSOPHIA | VIBE | UNITED STATES | Software | Vibe, a young adtech company, has just completed a new $50 million funding round led by British fund Hedosophia, with participation from existing investors such as Elaia and Singular, as well as notable angel investors Nik Storonsky (Revolut) and Ilkka Paananen (Supercell) |
| 09/2025 | KEENSIGHT CAPITAL | DECISION FOCUS | DENMARK | Software | Keensight Capital has signed an agreement to acquire a majority stake in Decision Focus from VIA equity and other existing shareholders. The leadership team of Decision Focus will reinvest alongside Keensight to maintain operational continuity |
| 08/2025 | HAWK INFINITY SOFTWARE | NYTT FORETAK | Norway | Software | Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire the remaining 9.9% minority stake in Nytt Foretak AS. This transaction follows HIS’s original acquisition of a majority interest and results in the group now controlling 100% of the target’s equity |
| 08/2025 | DATASITE | SOURCESCRUB | UNITED STATES | Software | The acquisition of Sourcescrub represents the second programmatic transaction under CapVest’s $500 million institutional capital commitment, shifting Datasite’s monetizable footprint further upstream into the recurring deal-sourcing phase of the M&A value chain |
| 08/2025 | ADVENT INTERNATIONAL | SAPIENS INTERNATIONAL CORPORATION | UNITED STATES | Software | Sapiens International Corporation has entered into a definitive agreement to be acquired by funds advised by Advent in an all,cash transaction. Under the terms of the deal, shareholders will receive $43 |
| 07/2025 | IN GROUPE | IDEMIA SMART IDENTITY | FRANCE | Software | IN Groupe successfully finalized the acquisition of IDEMIA Smart Identity to establish itself as a global leader in secure identity solutions and trust services. This transaction, the largest in IN Groupe's history, significantly scales the group’s operations, tripling its workforce to 4,000 employees and pushing consolidated revenues above €1 billion |
| 07/2025 | PERWYN | SOFTNEXT | FRANCE | Software | Groupe Baelen entered into a definitive agreement to sell a minority stake of less than 30% in its software subsidiary, SoftNext, to the family-backed investor Perwyn. This strategic partnership was established to reinforce the group’s acquisition engine and provide the professional expertise required to scale the organization toward a multi-billion euro valuation |
| 07/2025 | SYNOPSYS | ANSYS | UNITED STATES | Software | The transaction represents the 100% acquisition of Ansys by Synopsys, a transformational deal that unites two industry leaders to create a powerhouse in silicon-to-systems design solutions. Structurally, this acquisition combines the acquirer's pioneering semiconductor EDA capabilities with the target's broad, multi-physics simulation and analysis portfolio |
| 07/2025 | ROCSCIENCE | 2SI | ITALY | Software | Rocscience has completed the cross-border acquisition of 2SI, an innovative Italian provider of structural engineering software solutions. This transaction marks another corporate development for Rocscience, following its previous software acquisitions of DIANA FEA and 3GSM |
| 06/2025 | HAWK INFINITY SOFTWARE | DIGISEG | DENMARK | Software | HAWK Infinity, a Norwegian investment company focusing on software companies in Scandinavia, has successfully acquired Digiseg, a Danish AdTech provider. The transaction is structured as a buyout where the existing management team and founders will retain their roles and continue to drive the operational business forward in a new strategic partnership with the sponsor |
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