Calabrio, backed by Thoma Bravo, successfully acquired Verint Systems for $1.67 billion in a strategic move to enhance customer experience solutions.
Target Information
Verint Systems is a technology company that specializes in enhancing customer experiences through automation powered by artificial intelligence (AI). The company primarily generates revenue from its operations in the United States and is renowned for its innovative Verint Open Platform.
On August 25, 2025, Calabrio, supported by financial backing from Thoma Bravo, successfully acquired Verint for $1.67 billion. This acquisition was executed as a public-to-private leveraged buyout (LBO), utilizing $2.67 billion in debt financing while achieving a revenue multiple of 1.9x and an EBITDA multiple of 13.4x.
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Calabrio
invested in
Verint
in 2025
in a Public-to-Private (P2P) deal
Disclosed details
Transaction Size: $1,700M
Revenue: $880M
EBITDA: $131M
Enterprise Value: $1,700M
Equity Value: $1,700M
Multiples
EV/EBITDA: 13.0x
EV/Revenue: 1.9x
P/Revenue: 1.9x