Market Overview

Verint to Acquire KANA Software for Approximately $514M in Cash

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Verint
Systems (NASDAQ: VRNT) today announced the signing of a
definitive agreement to acquire KANA
Software. The acquisition would form a unique
and revolutionary combination that would extend Verint's Actionable
Intelligence® strategy. The collective solutions from Verint
and KANA would enable organizations worldwide to implement a
single-vendor suite to help transform customer engagement. The
acquisition of KANA, a portfolio company of Accel-KKR, is expected to be
completed in Verint's first fiscal quarter ending April 30, 2014.

See full press release

Posted-In: M&A News Guidance Asset Sales Management Global

 

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