Everbridge, a company specializing in Critical Event Management (CEM) software, has recently announced a deal to sell its business to Thoma Bravo, an investment firm focused on software businesses. The deal, worth $1.5 billion, is an all-cash transaction and will result in Everbridge being taken private.
Originally founded as 3N Global in 2002, Everbridge emerged in response to the events of 9/11 in the United States, which highlighted the need for software to manage emergencies and crises. The company’s software facilitates group notifications, IT management, travel management, and risk management during critical events. Today, Everbridge serves over 6,500 organizational clients.
David Henshall, Chairman of Everbridge’s Board, stated that this decision will maximize shareholder value after the company evaluated various options in recent times.
TLDR: Everbridge, a leader in Critical Event Management software, has agreed to sell its business to Thoma Bravo for $1.5 billion in an all-cash transaction. The company was founded in 2002 and focuses on providing software solutions for managing emergencies and crises. Their diverse range of clients includes over 6,500 organizations. This strategic move aims to maximize shareholder value.
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