Thoma Bravo to Buy Verint for $1.23 Billion in Cash Deal

Thoma Bravo, a private equity firm, has agreed to acquire Verint Systems Inc., a software company, for $1.23 billion in cash. This announcement comes just days after Thoma Bravo revealed a separate $12.3 billion deal to acquire Dayforce Inc., a cloud-based human capital management software provider. The acquisition of Verint, which specializes in customer engagement and cyber intelligence solutions, is expected to be completed in the second half of 2023, subject to regulatory approvals and other customary closing conditions. Thoma Bravo's latest move is part of its strategy to expand its portfolio of software and technology investments, capitalizing on the growing demand for cloud-based solutions and data analytics tools. The deal reflects the ongoing consolidation in the software and technology sectors, as private equity firms seek to leverage their financial resources to acquire and integrate complementary businesses. The transaction is expected to enhance Thoma Bravo's position in the customer engagement and cyber intelligence markets.