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

Verint Systems

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.