M&A Deal Summary

Verint Systems Acquires ForeSee Results

On December 17, 2018, Verint Systems acquired software company ForeSee Results

Acquisition Highlights
  • This is Verint Systems’ 5th transaction in the Software sector.
  • This is Verint Systems’ 9th transaction in the United States.
  • This is Verint Systems’ 1st transaction in Michigan.

M&A Deal Summary
Date 2018-12-17
Target ForeSee Results
Sector Software
Buyer(s) Verint Systems
Deal Type Add-on Acquisition

Target

ForeSee Results

Ann Arbor, Michigan, United States
ForeSee Results, Inc. is a provider of software solutions to retail, financial services, utilities, and the public sector to measure and benchmark a 360-degree view of the customer across every touchpoint in digital, location, and contact center. ForeSee Results was founded in 2001 and is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

Verint Systems

Melville, New York, United States
Category Company
Founded 1994
Sector Information Technology
Employees4,300
Revenue 910M USD (2024)
DESCRIPTION

Verint Systems is a provider of Actionable Intelligence solutions to clients. The company's portfolio of Enterprise Intelligence Solutions and Security Intelligence Solutions helps organizations Make Big Data Actionable through the ability to capture, analyze and act on large volumes of rich, complex, and often underused information sources such as voice, video, and unstructured text. Verint Systems was founded in 1994 and is based in Melville, New York.

DEAL STATS #
Overall 10 of 12
Sector (Software) 5 of 5
Type (Add-on Acquisition) 9 of 11
State (Michigan) 1 of 1
Country (United States) 9 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Next IT

Spokane Valley, Washington, United States

Next IT Corp. is a developer of conversational artificial intelligence-powered intelligent virtual assistants. Next IT was founded in 2002 and is based in Spokane Valley, Washington.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Conversocial

New York, New York, United States

Conversocial is a cloud solution that enables businesses to manage social media as a large-scale customer service channel. Hundreds of major brands use Conversocial in the contact center to handle high-volume customer service through social media in the most efficient and secure way possible. Conversocial was formed in 2009 and is based in New York, New York.

Buy $50M
Mergr

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