Thoma Bravo Everbridge Critical Event Management

Thoma Bravo Everbridge Critical Event Management is a comprehensive solution designed to help organizations prepare for, respond to, and recover from critical events.

By leveraging Everbridge's advanced technology, Thoma Bravo's investment enables the platform to reach and inform millions of people across the globe in a matter of minutes.

This is made possible through Everbridge's vast network and robust infrastructure, allowing for seamless communication and coordination during critical events.

Everbridge's Critical Event Management platform is trusted by over 5,000 organizations worldwide, including government agencies, healthcare providers, and Fortune 500 companies.

Everbridge, a critical event management software company, is being acquired by Thoma Bravo in a $1.5 billion all-cash deal.

The acquisition price reflects a 32 percent premium to Everbridge's volume-weighted average share price in the last 90 days.

Everbridge's board of directors and advisers will have a "go-shop" period, allowing them to solicit alternative acquisition offers through February 29.

The deal is expected to conclude in the second quarter of 2024, subject to approval by Everbridge shareholders, regulatory clearances, and other customary closing conditions.

Upon the deal's closing, Everbridge will stop trading on the stock exchange and transition into a privately held company while continuing to operate under the same name and brand.

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Thoma Bravo has signed an agreement to acquire Everbridge for approximately $1.5 billion.

Everbridge is a critical event management and national public warning systems provider, and the acquisition is expected to conclude in the second quarter of 2024.

The per share acquisition price reflects a 32 percent premium to Everbridge’s volume-weighted average share price in the last 90 days.

Everbridge supports federal, state and local government agencies and enterprises across various industries through its software-as-a-service products.

Upon the deal’s closing, Everbridge will stop trading on the stock exchange and transition into a privately held company.

David Wagner, president and CEO of Everbridge, said the transaction will mark a key moment for the company in support of its mission to provide organizations with the tools they need to navigate critical events.

Thoma Bravo’s comprehensive experience in the risk, compliance, and safety sectors will enable Everbridge to better help its customers keep people safe and their organizations running.

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Everbridge is going private in a $1.8 billion all-cash deal with Thoma Bravo.

The acquisition price of $35.0 per share is a 62% higher premium than the closing price of EVBG on February 2, 2024.

Everbridge's board of directors and advisers have a 25-day "go-shop" period to solicit alternative acquisition offers through February 29, 2024.

The transaction is expected to be completed in the second quarter of 2024, subject to approval by Everbridge shareholders and regulatory clearances.

Everbridge will stop trading on the stock exchange and transition into a privately held company, but will continue to operate under the same name and brand.

The company's clients include multinational enterprises in the financial services, manufacturing, retail, transportation, and energy sectors, as well as national governments, local governments, and U.S. federal agencies.

Everbridge offers critical event management software that helps governments and enterprises respond to emergency situations, including risk intelligence and mass-notification tools.

The company's headquarters are located in Pasadena (California) and Burlington (Massachusetts).

Everbridge went public on the Nasdaq in 2016, but its valuation dropped significantly within four months and has since hovered below the $1 billion mark for six months.

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Thoma Bravo is acquiring Everbridge, a critical event management software company, for a total of $1.8 billion in an all-cash deal.

The acquisition price is $35.00 per share, a 62% increase from the closing price of $28.60 on February 2, 2024.

Everbridge will continue to operate under the same name and brand after the deal is completed.

The company's ordinary shares will be excluded from public stock exchanges upon completion of the transaction.

The deal is expected to be completed in the second quarter of 2024, subject to approval by Everbridge shareholders and obtaining necessary regulatory approvals.

Everbridge's board of directors has the right to terminate the merger agreement to accept a better offer from a third party during a 25-day go-shop period.

The acquisition is expected to accelerate Everbridge's growth in a backdrop of growing global uncertainty and increased focus on public safety and operational continuity.

Thoma Bravo's expertise in risk, regulatory compliance, and safety will help Everbridge innovate and better serve its customers.

The deal includes a 32% premium to Everbridge's volume-weighted average share price in the last 90 days.

Everbridge's clients include multinational enterprises in various sectors, as well as national governments and U.S. federal agencies.

The company's software helps emergency managers respond to incidents and provides information about critical events to ensure security and business continuity.