Everbridge Enters Into A Definitive Agreement To Be Acquired By Thoma Bravo

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Everbridge Enters Into A Definitive Agreement To Be Acquired By Thoma Bravo

At the start of February 2024, Everbridge, a critical event management (CEM) software and national public warning solutions provider, announced that it had entered into a definitive agreement to be acquired by Thoma Bravo, a prominent private equity software investment firm.

In Verdantix Best Practices: The Role Of Climate Risk In Enterprise Risk Management, Everbridge is noted as a software that can help firms mitigate losses through adequate planning and actively manage responses to extreme weather events. Everbridge's CEM platform provides real-time monitoring and alerting capabilities, enabling organizations to respond swiftly to a wide range of critical events, including natural disasters, cybersecurity threats and operational disruptions. With its multi-channel communication capabilities, the platform facilitates rapid dissemination of critical information to employees, stakeholders and the public, ensuring timely responses and coordination during emergencies. In addition, Everbridge's robust incident response and coordination features enable organizations to initiate predefined response plans, mobilize resources and coordinate actions across dispersed teams, enhancing overall resilience and business continuity. The platform's integration capability allows seamless connectivity with existing systems, while its compliance and reporting functionality ensure organizations can meet regulatory requirements and demonstrate accountability.

Thoma Bravo, known for its expertise in software and technology investments, offers experience and resources. With a portfolio of successful acquisitions in the software industry, Thoma Bravo has a proven track record of partnering with firms to accelerate growth, enhance operational efficiency and drive value creation. The acquisition of Everbridge aligns with Thoma Bravo's strategy of investing in high-growth firms with strong market positions and compelling product offerings. By leveraging its deep industry knowledge and operational expertise, Thoma Bravo aims to support Everbridge in further expanding its market reach, innovating its product suite and delivering even greater value to customers.

For Everbridge, the acquisition presents an opportunity to scale its business and accelerate its growth trajectory. With the backing of a seasoned investor like Thoma Bravo, Everbridge can tap into additional resources and strategic guidance to pursue new market opportunities, invest in research and development, and strengthen its competitive position in the critical event management landscape.

From a broader perspective, this acquisition underscores the increasing importance of crisis preparedness and resilience in today's volatile environment. As organizations grapple with an array of risks – from natural disasters to public health emergencies – the demand for sophisticated crisis management solutions continues to grow (see Verdantix Global Corporate Survey 2023: Risk Management Budgets, Priorities & Tech Preferences). By joining forces, Everbridge and Thoma Bravo are poised to play a pivotal role in shaping the future of crisis communication and enterprise safety.

Stay tuned to the Verdantix risk management research portal and look out for our upcoming smart innovators report on operational resilience software.

Industry Analyst

Elizabeth is an Industry Analyst in the Verdantix Risk Management practice. Her current research agenda focuses on enterprise risk management, risk management information systems, organizational and strategic resilience, and global risk management trends. Prior to joining Verdantix, Elizabeth worked in corporate risk management roles across the financial and tech industries, where she gained hands-on experience of executing risk management strategies. She holds an MBA degree with a specialty in finance from the University of Lagos.