Apax Partners, a private equity firm, completed a $400m investment in Verint, a provider of analytic solutions. The investment was made in the form of convertible preferred stock in two tranches of $200m each. Apax now holds securities that are convertible into approximately 12.5% of Verint’s shares. “Apax Partners has a proven track record of creating value by partnering with leading software companies around the world, including significant experience in both carve-outs and cloud transitions. The investment represents a strong vote of confidence in our strategy and future growth opportunities,” Dan Bodner, Verint CEO.