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Thoma Bravo takes critical event management software company Everbridge private in $1.5B deal
Everbridge, a critical event management software company, is going private in a $1.5 billion all-cash deal funded by Thoma Bravo.
Founded in 2002 initially as 3N Global, Everbridge helps governments and enterprises from across the industrial spectrum respond to emergency situations — this includes risk intelligence to help asses the threat landscape around where employees live or travel to, as well as mass-notification tools to effectively communicate critical messaging during severe weather or terrorist attacks. Everbridge went public on the NASDAQ in 2016, with its shares hitting an all-time high in September 2021 — the company reached a market cap of $6.4 billion, but this dropped by more than two-thirds within four months. At a time when geopolitical instability is expected to increase due to the number of elections taking place, alongside existing threats related to climate change and economic headwinds, Thoma Bravo clearly sees Everbridge’s suite of SaaS tools as being integral to companies looking to manage these risks.
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