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Legal Tech Startup Spotlight: Verint Systems

Spotlight on: Verint Systems

Description
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

Employees: 4400

Total Raised to Date: $710.75M

Post Valuation: $374.25M

Growth Rate: 0.40% (94th percentile)

Size Multiple: 106x Median (99th percentile)

Institutional Investors:

  • Apax Partners

To learn more about Verint Systems, visit their website or follow them on LinkedIn or Twitter.

Source: Pitchbook, October 2022


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