M&A Deal Summary

Verint Systems Acquires Witness Systems

On February 12, 2007, Verint Systems acquired software company Witness Systems from First Analysis for 1.0B USD

Acquisition Highlights
  • This is Verint Systems’ 1st transaction in the Software sector.
  • This is Verint Systems’ largest (disclosed) transaction.
  • This is Verint Systems’ 1st transaction in the United States.
  • This is Verint Systems’ 1st transaction in Georgia.

M&A Deal Summary

Date 2007-02-12
Target Witness Systems
Sector Software
Buyer(s) Verint Systems
Sellers(s) First Analysis
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Witness Systems

Roswell, Georgia, United States
Witness Systems is a provider of business-rules-driven software for digital recording and evaluation of contact center customer interactions and Internet communications.

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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 1 of 12
Sector (Software) 1 of 5
Type (Add-on Acquisition) 1 of 11
State (Georgia) 1 of 1
Country (United States) 1 of 10
Year (2007) 1 of 1
Size (of disclosed) 1 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-04 Vovici

Herndon, Vermont, United States

Vovici LLC is a provider of intelligent solutions help turn information and feedback into action and proactive decisions.

Buy -

Seller(S) 1

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 33 of 71
Sector (Software) 5 of 11
Type (Add-on Acquisition) 24 of 51
State (Georgia) 1 of 3
Country (United States) 33 of 70
Year (2007) 1 of 3
Size (of disclosed) 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-30 Wimba

New York City, New York, United States

Wimba is a provider of collaborative software applications to the education industry, including both communication enabling tools and content authoring programs. Clients consist primarily of universities, colleges and post secondary educational providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-30 Tut Systems

Lake Oswego, Oregon, United States

Tut Systems delivers advanced content processing and distribution products as well as comprehensive system integration services for deploying next-generation data and video services over broadband networks. Service providers, content providers, and government agencies worldwide use Tut Systems solutions to deliver broadcast-quality video over broadband networks.

Sell $39M