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Verint Systems Inc. (VRNT)

  • Jan. 6, 2014, 6:29 AM
    • 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
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  • Jan. 14, 2013, 8:19 AM
    Audio- and video-monitoring company Nice Systems (NICE +7.4%) is reportedly in talks to acquire rival Verint (VRNT +10.9%) for $1.5B in cash and stock in a deal that would represent a 19% premium on the latter's market cap of $1.26B. Nice would use its $422M cash reserves to help pay for the transaction, which would boost its presence in the defense sector - 75% of the the firm's sales are to the civilian sector.
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  • Aug. 13, 2012, 8:49 AM
    Verint (VRNT) agrees to acquire Comverse Technology (CMVT) in a stock swap deal following the completion of CMVT's previously announced distribution of its telecom business and other assets. The deal would eliminate CMVT's majority ownership in and control of VRNT. CMVT +5.1% premarket.
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Company Description
Verint Systems Inc is a provider of Actionable Intelligence solutions and services for enterprise workforce optimization and security intelligence.