Spotlight on: Verint Systems
Verint Systems Inc with its subsidiaries helps brands provide Boundless Customer Engagement. The company's solutions help iconic brands close the gap created when it lacks the resources required to deliver experiences that fulfill customer expectations. The operating business segments are Customer Engagement and Cyber Intelligence. The Customer Engagement segment derives maximum revenue for the company.
Most Recent Financing Status (as of 11-May-2021)
Apax Partners acquired a 12.5% stake in the company (NAS:VRNT) for $400 million on April 6, 2021, through a private placement. The shares issued are preferred stock with a conversion price of $50.25. The placement was completed over two tranches.
Founder: Kevin Harrang
HQ Location: Melville, NY
Total Raised to Date: $710.75M
Post Valuation: $374.25M
Growth Rate: 0.40% (94th percentile)
Size Multiple: 106x Median (99th percentile)
- Apax Partners
Source: Pitchbook, October 2022
Published October 4, 2022.