- The acquisition is expected to be financed through $100M in cash, $300M in incremental term loans, and the balance from Verint's (VRNT) un-drawn revolving credit facility.
- Verint expects KANA to generate non-GAAP revenue of $140-150M and non-GAAP EBITDA of $40-45M in calendar year 2014. The acquisition is expected to be accretive to Verint's FY 2015 non-GAAP diluted earnings
- The acquisition is expected to close in Verint's FQ1.
- source: Press Release
Verint to acquire KANA Software for $514M in cash
Jan 6 2014, 06:29 ET