Verint Systems Stock Falls After Thoma Bravo Buys Software Maker for $2 Billion

Shares of Verint Systems have slumped in 2025 as revenue continues to fall and the software maker attempts to reposition itself as an AI-first company. (AFP via Getty Images)

Shares of Verint Systems fell Monday after the software maker agreed to be acquired by private-equity firm Thoma Bravo in an all-cash deal valued at $2 billion.

Under the terms of the agreement, Verint shareholders will receive $20.50 a share in cash. The transaction is expected to close before the end of the company’s current fiscal year. At closing, Verint will combine with Calabrio, a software provider acquired by Thoma Bravo in 2021.

Verint shares slipped 1.2% to $20.24 following the announcement. The benchmark S&P 500 index and tech-heavy Nasdaq Composite were each down 0.2%. Verint had surged more than 20% in premarket trading after Bloomberg reported that Thoma Bravo was nearing an acquisition of the company.

Rumors of a possible deal have brewed since the start of July, when multiple outlets reported that Verint was seeking a buyer. Semafor was the first to report that Verint was working with bankers to explore a potential sale of the company.

Verint, the maker of customer-experience software, increasingly has leaned into the use of artificial-intelligence bots to automate tasks. While shares rose on the heels of fiscal first-quarter earnings in June, the stock has slumped more than 25% this year amid falling revenue and concerns about Verint’s efforts to reposition itself as as an AI-forward enterprise.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com