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Everbridge

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Everbridge, Inc.
Formerly3n Global, Inc. (2002–2009)
Company typePrivate
Nasdaq: EVBG
IndustryEnterprise software
Founded2002; 22 years ago (2002)
Headquarters
Area served
Worldwide
Key people
David Wagner (CEO)
ProductsCritical Event Management
Mass Notification
Safety Connection
Public Warning
IT alerting
Smart Security
Travel Protector
xMatters
SnapComms
RedSky
RevenueIncrease US$449 million (2023)[1]
OwnerThoma Bravo
Number of employees
1,593 (2023)[1]
Websiteeverbridge.com

Everbridge, Inc. is an American enterprise software company that offers applications which provide information about critical events to help with personal safety and business continuity. Formerly known as 3n Global and the National Notification Network, Everbridge began operations in 2002.[2] In an emergency, Everbridge sends messages via telephone, text message and email,[2] but stop once they know that a person has read a message.[3] An app allows emergency managers to track geotagged tweets that contain specific hashtags and use this information to respond to incidents as they occur.[2]

Their system was used in 2012 to send over 10 million messages to residents during Hurricane Sandy.[2][3] During the Boston Marathon bombings in April 2013, the city of Boston used Everbridge for its critical communications.[4] Everbridge relayed information to business operators, employees, firefighters, hospital staff, police and residents after the explosions and during the lockdown of Boston, Watertown, Waltham and surrounding areas.[5] It was also used during the COVID-19 pandemic to provide updates to Boston residents.[6][7][8]

In 2016, Everbridge raised $90 million in an Initial public offering,[9] becoming a publicly traded company (EVBG) on the Nasdaq stock exchange. In 2017, its revenues totaled $104 million. Three years later, that figure rose to $271 million.[10] In 2024, the company was take private by Thoma Bravo.

The company's customers include the University of Mississippi,[11] the U.S. Army,[12] West Virginia,[13] Hartsfield-Jackson Atlanta International Airport,[14] and the countries of Norway,[15] Peru, and Australia.[16]

History

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Formerly known as 3n Global, a wholly owned subsidiary of the National Notification Network,[17] the company was founded in 2002 in response to the September 11 attacks to assist with crisis coordination.[16] It changed its name to Everbridge in April 2009.[18]

In addition, Everbridge has been used to alert residents and first responders during Hurricanes Sandy[19] and Dorian.[20]

The company saw an increase in users during the COVID-19 pandemic.[12]

Everbridge products rely on sources such as threat data, social media, traffic cameras,[21] and 9-1-1 data.[22]

Private equity firm Thoma Bravo agreed to acquire Everbridge for approximately $1.8 billion in March 2024.[23] Thoma Bravo's offer of $1.5 billion a month earlier was increased since Everbridge said it received a better offer during the 25-day "go-shop" period.[24][25] The acquisition closed in July 2024.[26]

Acquisitions

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The following is a list of acquisitions by Everbridge:

  • Nixle (2015)[27]
  • IDV Solutions (2017)[21]
  • Svensk Krisledning AB (2017)[28]
  • Unified Messaging Systems (2018)[29]
  • NC4 (2019)[30]
  • one2many (2020)[31]
  • Techwan SA (2020)[32]
  • SnapComms (2020)[33]
  • xMatters (2021)[34]
  • RedSky Technologies (2021)[35]
  • Anvil (2022)[36]

Leadership

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Everbridge is led by David Wagner as new CEO,[37] successor to David Meredith.[38] Other notable executives include Chief Product Officer Bryan Barney, Chief Information Officer Shiela Carpenter, Chief Security Officer Tracy Reinhold,[39] and Chief Technology Officer Imad Mouline.[40]

See also

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References

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  1. ^ a b "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
  2. ^ a b c d Alex Knapp (31 Oct 2012). "Everbridge Let Cities Keep Residents In The Loop During Hurricane Sandy". Forbes.
  3. ^ a b "Remembering Hurricane Sandy: One Year Later." 28 Oct. 2013: http://www.wcvb.com/page/search/htv-bos/news/local/boston-south/Remembering-Hurricane-Sandy-One-year-later/-/9848842/22679114/-/j7k0jsz/-/index.html Archived 2013-12-14 at the Wayback Machine
  4. ^ "Everbridge: This is not a test - Fortune Tech". Tech.fortune.cnn.com. 2013-05-06. Retrieved 2013-10-29.
  5. ^ Erin Ailworth (2013-04-18). "Firm's system got out the word on Marathon bombing when cellphone networks crashed". The Boston Globe. Retrieved 2013-10-29.
  6. ^ "Walsh Calls on Boston to Rally Against Coronavirus: 'We Simply Need Everyone's Help'". NBC Boston. Retrieved 2020-06-17.
  7. ^ "City of Boston expands COVID-19 text service to include 11 languages". Boston.gov. 2020-04-20. Retrieved 2020-06-17.
  8. ^ "Everbridge added to membership Russell 1000 index". 2020-06-29.
  9. ^ Woodward, Curt (September 15, 2016). "Burlington's Everbridge raises $90m in IPO". Boston Globe.
  10. ^ "EVBG". Yahoo! Finance. Retrieved June 21, 2021.
  11. ^ Newsom, Michael (August 24, 2020). "University's Contact Tracing Efforts Strengthened by Smartphone App". Ole Miss.
  12. ^ a b Trefis Team (June 15, 2021). "Has Everbridge's Stock Returned To A Buy Zone?". Forbes.
  13. ^ Weise, Elizabeth; Weintraub, Karen (March 1, 2021). "Amid a chaotic COVID-19 vaccine rollout, states find ways to connect shots with arms". USA Today.
  14. ^ Waitt, Tammy (February 1, 2019). "Atlanta Deploys Everbridge for Super Bowl, Register Today for Critical Alerts (Learn More, Multi-Video)". American Security Today.
  15. ^ Smith, Adam (May 24, 2020). "Everbridge CEO: We Can Play Critical Role in Covid-19 Contact Tracing". The Street.
  16. ^ a b Levy, Ari (March 13, 2020). "While the market tanks, this software company founded after 9/11 to help businesses deal with disasters is thriving". CNBC.
  17. ^ "Business Profile: National Notification Network, LLC". Better Business Bureau. Retrieved August 13, 2021.
  18. ^ "S-1/A 1 d16274ds1a.htm S-1/A". Securities and Exchange Commission. Retrieved June 22, 2021.
  19. ^ Munsey, Pat (April 3, 2014). "Emergency notification system is live". Kokomo Perspective.
  20. ^ Crocetti, Paul (March 25, 2020). "Everbridge Critical Event Management tailored for COVID-19". TechTarget.
  21. ^ a b Ives, Spencer (February 13, 2017). "Everbridge Acquires IDV Solutions". Security Systems News.
  22. ^ Johnson, Emily (October 22, 2018). "Modern Advances in Disaster Alert Technology". InformationWeek.
  23. ^ "Thoma Bravo lifts offer price for software firm Everbridge". Reuters. March 1, 2024.
  24. ^ Bray, Hiawatha (February 5, 2024). "Software firm Everbridge looks to go private in $1.5 billion deal with Thoma Bravo". The Boston Globe. Archived from the original on March 4, 2024.
  25. ^ Primack, Dan (March 1, 2024). "Thoma Bravo ups Everbridge takeover price to $1.8 billion". Axios.
  26. ^ Cavanagh, Cassidy (July 2, 2024). "Thoma Bravo Completes Acquisition of Event Management Software Firm Everbridge". Mergers & Acquisitions. ISSN 0026-0010.
  27. ^ Tansey, Bernadette (August 6, 2018). "The Technology Behind Fighting California's Fires & Other Disasters". Xconomy.
  28. ^ "Everbridge acquires Svensk Krisledning AB and its Crisis Commander crisis management product". Continuity Central. January 26, 2017.
  29. ^ Tandsaether-Andersen, Benedicte (April 12, 2018). "Unified Messaging Systems joins Everbridge - will offer crisis management platforms". Shifter.
  30. ^ Maffei, Lucia (August 1, 2019). "Everbridge acquires threat intelligence firm NC4 for $83M". Boston Business Journal.
  31. ^ Sharma, Shubham (March 24, 2020). "Everbridge acquires one2many, launches first unified public warning system to combat coronavirus pandemic". Silicon Canals.
  32. ^ Bossi, Paolo (September 2, 2020). "Everbridge, Inc.'s Acquisition Of Techwan SA". Global Legal Chronicle.
  33. ^ Nunn, Phillip (November 16, 2020). "Award-Winning Kiwi Software Company Acquired By Global Critical Event Technology Leader". SnapComms News.
  34. ^ Nadar, Aditya (May 11, 2021). "Everbridge acquires xMatters to transform digital service resilience". helpnetsecurity.
  35. ^ Hancock, Peter (Jan 15, 2021). "RedSky has been acquired by Everbridge". Madison Park Group.
  36. ^ Connor, Taylor (Feb 24, 2022). "Everbridge, Inc. completed the acquisition of The Anvil Group Limited". MarketScreener.
  37. ^ Faris, James (May 20, 2020). "MU alumnus, CEO leads company, helps others amid COVID-19". Madison Business Review.
  38. ^ Maffei, Lucia (January 12, 2021). "Former Everbridge CEO launches new PE fund". Boston Business Journal.
  39. ^ IDG Connect (July 20, 2018). "CSO Spotlight: Tracy Reinhold, Everbridge". CSO.
  40. ^ IDG Connect (November 11, 2020). "CTO Sessions: Imad Mouline, Everbridge". IDG Connect.
[edit]
  • Official website
    • Historical business data for Everbridge, Inc.:
    • SEC filings
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