Verint announced strong Q2 results with a 21% year-over-year increase in AI ARR.
The company highlighted its leadership in CX Automation and the potential for AI adoption in the market.
Verint agreed to be acquired by Thoma Bravo in a $2 billion all-cash transaction.
Strong Q2 Results
AI ARR increased by 21% year-over-year, demonstrating growth in the AI business outcomes delivered to customers.
Acquisition by Thoma Bravo
Verint entered into a definitive agreement to be acquired by Thoma Bravo for $2 billion, reflecting confidence in the company's CX Automation strategy.
Financial Highlights
Subscription ARR reached $728 million, and AI ARR grew by 21.2% in Q2 FYE 2026.
- The acquisition by Thoma Bravo will impact Verint's future as a private company without public stock exchange listing.
- Suspension of earnings conference calls and financial guidance due to the pending acquisition.
Verint's Q2 results showcase continued growth in AI ARR and the company's focus on CX Automation leadership. The acquisition by Thoma Bravo marks a significant milestone for Verint's future direction.