Thoma Bravo takes crucial occasion administration software program firm Everbridge non-public in $1.8B deal

Thoma Bravo takes critical event management software company Everbridge private in $1.8B deal

Everbridge, a crucial occasion administration (CEM) software program firm, goes non-public in a $1.8 billion all-cash deal that can see it taken over by non-public fairness big Thoma Bravo — 20% greater than what was initially introduced final month.*

Based in 2002 initially as 3N International, Everbridge helps governments and enterprises from throughout the economic spectrum reply to emergency conditions — this contains threat intelligence to assist asses the menace panorama round the place workers reside or journey, in addition to mass-notification instruments to successfully talk crucial messaging throughout extreme climate or terrorist assaults.

Everbridge went public on the Nasdaq in 2016, with its shares hitting an all-time excessive in September 2021 — the corporate reached a market cap of $6.4 billion, however this dropped by greater than two-thirds inside 4 months. Issues by no means recovered, with its valuation hovering at under the $1 billion mark for the previous six months.

Eventbridge

Picture Credit: Eventbridge

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Thoma Bravo, a personal fairness agency famend for snapping up underperforming enterprise software program corporations, is successfully paying a premium in extra of 83%* on Everbridge’s market cap on February 2, the final day of buying and selling earlier than Thoma Bravo tabled a bid. Trying on the volume-weighted common share value (VWAP) over the earlier three months, the deal represents a 62% premium, with shareholders netting $35.00 per share — $6.40 greater than what was initially introduced.*

At a time when geopolitical instability is anticipated to extend because of the variety of elections going down, alongside current threats associated to local weather change and financial headwinds, Thoma Bravo clearly sees Everbridge’s suite of SaaS instruments as being integral to corporations trying to handle these dangers.

“We stay up for working with Everbridge to increase their skill to capitalize on alternatives in an increasing market for threat, compliance, and security options,” Thoma Bravo accomplice Hudson Smith mentioned in a press launch. “The Everbridge product portfolio is already utilized by among the world’s most-respected firms and organizations to comprehensively monitor threat and handle crucial occasions, and we see an intensive runway forward for product innovation and worthwhile progress.”

The transaction remains to be topic to sure regulatory and shareholder approvals, however the firm mentioned it expects to shut the deal in Q2 2024.

*This text was up to date on March 1, 2024, with amended acquisition value and premiums after Everbridge’s “go store” course of yielded higher curiosity.

Conclusion:
Thoma Bravo’s acquisition of Everbridge for $1.8 billion marks a big transfer within the crucial occasion administration software program business. With Everbridge’s cutting-edge expertise and Thoma Bravo’s experience in software program investments, this partnership has the potential to drive innovation and progress within the business. As Everbridge transitions to a personal firm, it may well profit from Thoma Bravo’s assets and strategic steerage to additional increase its market attain and develop new options to assist organizations higher put together for and reply to crucial occasions.

FAQs:

1. What’s crucial occasion administration software program?
Important occasion administration software program is a expertise answer that helps organizations detect, assess, and reply to crucial occasions similar to pure disasters, cyber-attacks, and different emergencies in real-time. It offers organizations with the instruments wanted to coordinate response efforts, talk with stakeholders, and make sure the security and well-being of workers, clients, and the general public.

2. Why did Thoma Bravo determine to take Everbridge non-public?
Thoma Bravo’s determination to take Everbridge non-public was doubtless pushed by the idea that the corporate has untapped potential for progress and innovation. As a personal firm, Everbridge can give attention to long-term strategic targets with out the pressures of assembly quarterly earnings expectations, permitting it to put money into analysis and improvement, increase its product choices, and pursue new market alternatives.

3. What does this acquisition imply for Everbridge clients?
For Everbridge clients, this acquisition by Thoma Bravo might result in new alternatives for innovation and product improvement. Thoma Bravo’s experience in software program investments could assist Everbridge improve its current options, enhance buyer help and repair, and increase its market presence to raised serve its clients’ crucial occasion administration wants.

In conclusion, Thoma Bravo’s acquisition of Everbridge is poised to have a constructive influence on the crucial occasion administration software program business, driving innovation and progress available in the market. As Everbridge transitions to a personal firm, it’ll have the assets and strategic steerage wanted to additional increase its market attain and develop new options to assist organizations higher put together for and reply to crucial occasions.

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