{"id":471065,"date":"2021-04-05T16:04:09","date_gmt":"2021-04-05T20:04:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471065"},"modified":"2021-04-05T16:04:09","modified_gmt":"2021-04-05T20:04:09","slug":"verint-announces-it-expects-to-close-200-million-investment-from-funds-advised-by-apax-partners-on-april-6th-with-a-conversion-price-of-50-25","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/verint-announces-it-expects-to-close-200-million-investment-from-funds-advised-by-apax-partners-on-april-6th-with-a-conversion-price-of-50-25\/","title":{"rendered":"Verint Announces it Expects to Close $200 Million Investment from Funds Advised by Apax Partners on April 6th with a Conversion Price of $50.25"},"content":{"rendered":"

<\/p>\n

Verint Announces it Expects to Close $200 Million Investment from Funds Advised by Apax Partners on April 6th<\/sup> with a Conversion Price of $50.25<\/b><\/p>\n

MELVILLE, N.Y.–(BUSINESS WIRE<\/a>)–Verint\u00ae<\/sup> Systems Inc.<\/b> (NASDAQ: VRNT) today announced it expects the second tranche under the two tranche investment agreement with funds advised by Apax Partners (\u201cApax\u2019) signed in December 2019 to close tomorrow, April 6, 2021, with a conversion price of $50.25. Following the closing, Apax will hold securities that are convertible into approximately 12.5% of Verint\u2019s shares.\n<\/p>\n

About Verint<\/b><\/p>\n

\nVerint\u00ae (Nasdaq: VRNT) helps the world\u2019s most iconic brands \u2013 including over 85 of the Fortune 100 companies \u2013 build enduring customer relationships by connecting work, data and experiences across the enterprise. The Verint Customer Engagement portfolio draws on the latest advancements in AI and analytics, an open cloud architecture, and The Science of Customer Engagement\u2122 to help customers close the Engagement Capacity GapTM<\/sup>.\n<\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements,\u201d including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc., including statements regarding Verint\u2019s current expectations and beliefs as to the pricing and closing of the offering and use of the proceeds thereof. These forward-looking statements are not guarantees of future performance and they are based on management\u2019s expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see Verint\u2019s Annual Report on Form 10-K for the fiscal year ended January 31, 2021 and other filings Verint makes with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210405005435\/en\/<\/a><\/span><\/p>\n

Investor Relations
\n<\/span><\/b>
Matthew Frankel
\n
matthew.frankel@verint.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Verint Announces it Expects to Close $200 Million Investment from Funds Advised by Apax Partners on April 6th with a Conversion Price of $50.25 MELVILLE, N.Y.–(BUSINESS WIRE)–Verint\u00ae Systems Inc. (NASDAQ: VRNT) today announced it expects the second tranche under the two tranche investment agreement with funds advised by Apax Partners (\u201cApax\u2019) signed in December 2019 to close tomorrow, April 6, 2021, with a conversion price of $50.25. Following the closing, Apax will hold securities that are convertible into approximately 12.5% of Verint\u2019s shares. About Verint Verint\u00ae (Nasdaq: VRNT) helps the world\u2019s most iconic brands \u2013 including over 85 of the Fortune 100 companies \u2013 build enduring customer relationships by connecting work, data and experiences across the enterprise. The Verint Customer … <\/p>\n

Continue reading “Verint Announces it Expects to Close $200 Million Investment from Funds Advised by Apax Partners on April 6th with a Conversion Price of $50.25”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471065","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVerint Announces it Expects to Close $200 Million Investment from Funds Advised by Apax Partners on April 6th with a Conversion Price of $50.25 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/verint-announces-it-expects-to-close-200-million-investment-from-funds-advised-by-apax-partners-on-april-6th-with-a-conversion-price-of-50-25\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Verint Announces it Expects to Close $200 Million Investment from Funds Advised by Apax Partners on April 6th with a Conversion Price of $50.25 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Verint Announces it Expects to Close $200 Million Investment from Funds Advised by Apax Partners on April 6th with a Conversion Price of $50.25 MELVILLE, N.Y.–(BUSINESS WIRE)–Verint\u00ae Systems Inc. (NASDAQ: VRNT) today announced it expects the second tranche under the two tranche investment agreement with funds advised by Apax Partners (\u201cApax\u2019) signed in December 2019 to close tomorrow, April 6, 2021, with a conversion price of $50.25. Following the closing, Apax will hold securities that are convertible into approximately 12.5% of Verint\u2019s shares. About Verint Verint\u00ae (Nasdaq: VRNT) helps the world\u2019s most iconic brands \u2013 including over 85 of the Fortune 100 companies \u2013 build enduring customer relationships by connecting work, data and experiences across the enterprise. 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