Verint jumps 20% as Thoma Bravo said to near $2 billion deal

Verint jumps 20% as Thoma Bravo said to near $2 billion deal

July 02, 2025 - Verint Systems (VINT) stock surged by 20% on Friday, closing at $20.47, as U.S. private equity firm Thoma Bravo reportedly nears a $2 billion acquisition deal [1]. The potential acquisition, which could close as early as Monday, would value Verint at approximately $2 billion, including debt [4].

Thoma Bravo, with about $184 billion in assets under management as of March 31, is known for its strategy of acquiring and restructuring software and technology companies to boost performance and valuation [2]. The private equity firm has previously acquired or invested in more than 530 companies, including human resources software provider Dayforce for $12.3 billion in early 2023 [1].

Verint, based in Melville, New York, describes itself as a leader in customer experience automation and lists prominent clients such as Google, Microsoft, and Lyft. However, the company has faced challenges in adapting to shifts in the enterprise software market and has seen stagnant growth [1]. Thoma Bravo's acquisition of Verint aims to address these issues by leveraging AI-driven modernization and debt restructuring [5].

The deal, if finalized, would mark the end of an exhausting journey for Verint, which began with great promise but made numerous strategic missteps. Verint's core problem is its stagnant growth and uncertain outlook, particularly given the growing threat from AI-driven solutions [1]. The recent sale of Maor Shlomo's Base44 to Israel's Wix points to the increasing relevance of AI in customer engagement [1].

Verint's CEO, Dan Bodner, who has led the company since its inception, stands to benefit significantly from the deal. Bodner is set to receive an additional $18 million in the event of a change in control, thanks to a special bonus and accelerated vesting of stock awards [1]. Other top executives will also receive sizable payouts if the sale closes.

Verint's largest shareholder, Apax Partners, which owns 13.8% of the company, faces significant losses. The investment came after activist investors pressured Bodner and the board to shake up the underperforming company. Other major shareholders include US asset managers Vanguard and BlackRock.

The acquisition could have implications for the software market, as Thoma Bravo seeks to consolidate its position in AI-powered customer engagement. However, analysts warn of pricing disruptions, competitive pressures, and integration risks [5].

References:
[1] https://www.calcalistech.com/ctechnews/article/43jnrx4pb
[2] https://telecom.economictimes.indiatimes.com/amp/news/enterprise-services/thoma-bravos-2-billion-acquisition-of-verint-systems-what-it-means-for-the-software-market/123492856
[3] https://finance.yahoo.com/news/thoma-bravo-plans-buy-verint-011707451.html
[4] https://www.nasdaq.com/articles/thoma-bravo-nears-2-bln-deal-acquire-verint-systems-report
[5] https://www.ainvest.com/news/thoma-bravo-strategic-acquisition-verint-systems-implications-future-ai-powered-customer-engagement-2508-47/