Author: Naomi Cooper|| Date Published: July 3, 2024
Thoma Bravo has acquired Everbridge, a Massachusetts-based critical event management and national public warning software provider, for approximately $1.8 billion, or $35.00 in cash per share.
Everbridge will cease trading on the Nasdaq stock exchange as part of the deal, which secured approval from the company’s stockholders in late April, Thoma Bravo said Tuesday.
David Wagner, president and CEO of Everbridge, said the transaction will enable the software provider to advance its mission of helping its customers address the increasingly complex threat landscape and driving long-term growth for the company.
Commenting on the acquisition, Hudson Smith, partner at Thoma Bravo, said, “Everbridge has an incredibly strong foundation, with an expansive and innovative product portfolio that plays a critical role in the day-to-day operations of thousands of the world’s most well-respected organizations.”
Everbridge offers software-as-a-service products designed to support government and commercial customers in areas such as mass notification, physical security information management, information technology incident management, risk intelligence and travel risk management.
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