Verint to acquire KANA Software

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Verint to acquire KANA Software 
Verint Systems(NASDAQ:VRNT) has announced the signing of a definitive agreement to acquire KANA Software, to 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 is expected to be completed in Verint’s first fiscal quarter ending April 30, 2014.

Dan Bodner, CEO, Verint, explained, “We believe that acquiring KANA would allow Verint to offer a holistic customer engagement strategy powered by Actionable Intelligence, providing significant value for our customers and partners. We have been impressed with KANA and share a common vision for our respective markets, including a firm commitment to our customers. We look forward to completing the transaction and welcoming KANA into the Verint family.”

“Our management team is excited about the opportunity to join a global technology leader like Verint, and we have every expectation that our customers will be excited as well, especially as they learn more about how Verint and KANA can provide a lens into who is doing what, when, how and why in day-to-day engagements with their customers,” said Mark Duffell, CEO, KANA.

KANA would bring its approximately 900 global customers to the greater Verint organization, which already has the benefit of more than 10,000 customers worldwide. The combined customer base.........See More

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