Verint, known as The CX Automation Company, has agreed to be acquired by software-focused investment firm Thoma Bravo in an all-cash transaction valued at $2 billion. Under the terms of the deal, Verint shareholders will receive $20.50 per share, an 18% premium to the company’s 10-day volume-weighted average share price as of June 25, 2025, prior to reports of a potential sale. 

“Leading brands around the world are reporting strong AI business outcomes with the Verint CX Automation Platform,” said Dan Bodner, Verint CEO and Chairman. “We are making good progress in delivering AI-powered solutions to an early stage CX Automation market, and we recently announced that our AI ARR now represents 50% of our total ARR.” 

Thoma Bravo partner Mike Hoffmann added that Verint’s platform, enterprise customer base, and team position it to lead the future of AI-enabled customer experience. Upon closing, Verint will join forces with Calabrio, another Thoma Bravo portfolio company. 

The deal, unanimously approved by Verint’s board, is expected to close before the end of the company’s fiscal year, pending customary conditions. Jefferies LLC advised Verint, with Jones Day providing legal counsel, while Perella Weinberg Partners LP and Santander advised Thoma Bravo, supported by Kirkland & Ellis LLP as legal counsel.