Why verint Is Trending Today?

Thoma Bravo is set to acquire Verint Systems Inc., a global leader in actionable intelligence solutions, in a deal valued at $2 billion. The acquisition, which is expected to close in the second half of 2021, will combine Verint with Calabrio, another Thoma Bravo portfolio company, to create a leading provider of AI-powered customer experience solutions. The deal comes as Thoma Bravo has lined up $2.7 billion in bank debt to finance the acquisition. Meanwhile, Wellington Management Group LLP has trimmed its stake in Verint, selling a portion of its shares in the company.

Thoma Bravo is set to acquire Verint Systems, a leading provider of cyber intelligence and video analytics solutions, in a cash deal valued at $1.23 billion. The acquisition, which is expected to close soon, comes as Verint's stock has seen significant movement in recent days, with shares rising on reports of the impending deal. The acquisition by Thoma Bravo, a private equity firm, is one of the largest in the cybersecurity sector this year.