Everbridge announces acquisition of NC4
August 7, 2019 By SP&T Staff
BURLINGTON, Mass.— Enterprise safety software firm Everbridge Inc., has announced the acquisition of NC4, a provider of threat intelligence solutions.
Everbridge says the combination of NC4’s real-time threat intelligence and analyst teams with its existing global intelligence operations center (GIOC) analysts and customer experience management platform creates the industry’s only end-to-end threat assessment and incident communications and management platform.
“With NC4, we are adding the industry leader in threat intelligence, making Everbridge one of the largest providers of data for enterprise security and operations in the world,” said David Meredith, CEO of Everbridge, in a prepared statement. “NC4 offers the most comprehensive threat data in the industry and this acquisition dramatically expands the overall situational awareness Everbridge will provide organizations, from incident identification to response, mitigation or ultimately, avoidance and prevention.”
Everbridge says NC4 generates more than 27,000 geo-targeted alerts and nearly 700 incident reports each day for many of the world’s largest businesses, global organizations and government agencies.
“Verified sources and analysis eliminate the noise and enable us to generate the most impactful information while eliminating false positives,” said Karl Kotalik, president and CEO of NC4, also in a statement. “It takes the best of both worlds, machine learning and AI-enabled incident collection and human analysis, to generate the most meaningful intelligence. Everbridge’s market-leading platform, the breadth of its offerings, and the experience of its global team made for a natural fit with NC4. We look forward to aligning with the market leader to jointly provide organizations with unprecedented visibility into the threats and incidents that can impact people and business.”
NC4 has offices in El Segundo, Cali, Merrifield, Va., and Richmond, Va. Together, Everbridge and NC4 form a team of over 950 employees.
The acquisition includes the NC4 Risk Center solution and the NC4 brand, as well as NC4’sE Team Emergency Operations Center software solution.
The aggregate consideration paid by Everbridge was approximately $83 million in cash and Everbridge stock. While the largest business component has been closed, additional components are not expected to be closed until the end of the third quarter. The acquisition, upon completion, is expected to be accretive to Everbridge’s non-GAAP financial results within twelve months, and Everbridge says it will provide further financial details after completion of the entire transaction.
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