SP&T News

Everbridge acquired by investment firm Thoma Bravo for US$1.8B

July 2, 2024  By  Neil Sutton

Thoma Bravo, a Chicago-based software investment firm, announced the completion of its acquisition of Everbridge in an all-cash transaction valued at approximately US$1.8 billion.

The agreement to acquire Everbridge was approved by Everbridge stockholders on April 25.

Everbridge’s mass notification system broadcasts critical information and alerts across multi-channel communications including SMS, email, desktop alerts and voice. The company was founded in 2002, in the wake of the 9/11 attacks “with the mission of helping to keep people safe and organizations running amid critical situations,” according to Everbridge.

“This is an exciting step forward for Everbridge and we are thrilled to begin our next chapter alongside Thoma Bravo,” said David Wagner, president and CEO of Everbridge, in a statement. “We share a common vision for the future of Everbridge that we expect will see us strengthen and grow our platform, further enable product innovation and invest in our talented team. As part of Thoma Bravo, we believe we will be better able to advance our mission of helping our customers navigate an increasingly complex threat landscape and drive accretive, long-term growth for our company.”


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

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

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