Advised Accel-KKR on the sale of its portfolio company, KANA Software, Inc., to Verint Systems Inc. (NASDAQ: VRNT) for $514 million
Arma Partners is pleased to announce that it has acted as financial advisor to Accel-KKR on the sale of its portfolio company, KANA Software, Inc., to Verint Systems Inc. (NASDAQ: VRNT) for $514.2 million. This assignment is the culmination of Arma Partners’ strategic advisory work with Accel-KKR and KANA Software to help shape and execute KANA Software’s acquisition strategy, which resulted in the successful acquisitions of Lagan Technologies in 2010 and Ciboodle Software in 2012, and further evidences Arma Partners’ deep domain knowledge and ability to help create strategic value through M&A.
KANA, based in Silicon Valley, California, is a leader in customer service solutions delivered both on-premise and in the cloud to approximately 900 global large enterprises and mid-market organizations.
Verint is a global leader in Actionable Intelligence solutions, offering a portfolio of Enterprise Intelligence Solutions and Security Intelligence Solutions that help organizations Make Big Data Actionable through the ability to capture, analyze and act on large volumes of rich, complex and often underused information sources.
Accel-KKR is a technology-focused private equity firm with over $2.3 billion in capital under management. The firm focuses on middle market companies, providing capital for buyouts and growth investments across a range of opportunities including recapitalizations, divisional carve-outs and going-private transactions.
The acquisition of KANA will allow Verint to offer global enterprises the ability to capture and manage cross-functional information around customer interactions, business processes and workforce performance to improve operational efficiency, reduce risk and enhance customer loyalty, while driving revenue performance.