Verint Systems Acquires Next IT

December 20, 2017

Verint Systems Inc. (Nasdaq: VRNT) has acquired all outstanding equity interests in Next IT Corporation and its affiliate Next IT Innovation Labs, LLC for roughly $30 million in cash at closing, plus potential future cash payments. The acquisition adds conversational AI and intelligent virtual assistant capabilities to Verint's cloud self-service and automation portfolio to accelerate its AI-driven customer engagement solutions.

Buyers
Verint Systems Inc.
Targets
Next IT Corporation, Next IT Innovation Labs, LLC
Location
Washington, United States
Transaction Type
Buyout

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