Thoma Bravo Completes Acquisition of Everbridge

BURLINGTON, Mass. and MIAMI–(BUSINESS WIRE)–Thomas Bravoleading software investment firm, today announced the completion of its acquisition of Everbridge, Inc.a global leader in critical event management and national public alert solutions, in an all-cash transaction valued at approximately $1.8 billion. The agreement to acquire Everbridge was approved by Everbridge shareholders at an Extraordinary General Meeting of Shareholders to be held on April 25, 2024.

Upon completion of the transaction, Everbridge shareholders are entitled to receive $35.00 per share in cash for each share of Everbridge common stock they own. The company’s common stock has ceased trading and will be delisted from Nasdaq.

“This is an exciting step forward for Everbridge and we are thrilled to begin this new chapter with Thoma Bravo,” said David WagnerPresident and CEO of Everbridge. “We share a common vision for the future of Everbridge, which we expect will allow us to strengthen and evolve our platform, enable continued product innovation, and invest in our talented team. As part of Thoma Bravo, we believe we will be better able to deliver on our mission of helping our customers navigate an increasingly complex threat landscape and driving growth for our company over the long term.”

“We look forward to working with David and his team on their value-creating growth plans,” he said. Hudson SmithPartner at Thoma Bravo. “Everbridge has an incredibly strong foundation, with a broad and innovative product portfolio that plays a critical role in the day-to-day operations of thousands of the world’s most respected organizations. We are confident that they can successfully build on this foundation and see tremendous growth potential for the company.”

“In a rapidly changing and increasingly complex world, Everbridge products and services are more important than ever to business leaders around the world,” said Matt LoSardoDirector at Thoma Bravo. “Thoma Bravo has deep expertise in risk, compliance and security, and we are excited to leverage her to help Everbridge deliver on its mission, better serve its customers and accelerate its growth.”

Advisors

Qatalyst Partners served as financial advisor to Everbridge and Cooley LLP served as legal advisor to Everbridge. Raymond James served as financial advisor to Thoma Bravo and Kirkland & Ellis LLP served as legal advisor to Thoma Bravo.

About Everbridge

Everbridge enables enterprises and government organizations to predict, mitigate, respond, and recover from critical events. In today’s unpredictable world, resilient organizations minimize the impact to people and operations, absorb stress, and return to productivity faster by implementing Critical Event Management (CEM) technology. Everbridge digitizes organizational resilience by combining intelligent automation with the industry’s most comprehensive risk data to keep people safe and organizations running™. For more information, visit https://www.everbridge.com/, read the company’s blog, and follow on LinkedIn.

About Thomas Bravo

Thoma Bravo is one of the world’s largest software-focused investors, with approximately $142 billion in assets under management as of March 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational experience, the firm partners with its portfolio companies to implement best-in-class operating practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in more than 480 companies representing approximately $265 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.