New york: Thoma Bravo, a software investment firm, announced a definitive agreement to purchase Verint Systems, Inc. in an all-cash transaction valued at $2 billion. This acquisition is subject to the usual closing conditions, including regulatory approvals, and is anticipated to be finalized by early 2026, before the end of Verint's current fiscal year.

According to BERNAMA News Agency, upon completion of the transaction, Verint will merge with Calabrio, forming a company poised to be a leader in Customer Experience Automation Solutions within a $50 billion market. This merger aims to enhance the portfolio available to customer experience organizations, catering to various organizational sizes and complexities. The combined entity will enable companies to efficiently achieve business outcomes in customer interactions. Calabrio has affirmed its commitment to sustaining and investing in products that support the workflows of its existing customer base.