Thoma Bravo Acquires Everbridge for $1.8 Billion

Thoma Bravo, a prominent software investment firm, has recently completed its acquisition of Everbridge, Inc. in an all-cash transaction valued at approximately $1.8 billion. As part of this acquisition, Everbridge stockholders are entitled to receive $35.00 per share in cash for each share of Everbridge common stock they owned, leading to the delisting of the company's common stock from NASDAQ.

David Wagner, the President and CEO of Everbridge, expressed his excitement about the acquisition and highlighted the shared vision between Everbridge and Thoma Bravo for the future of the company. He emphasized the expectation of strengthening and growing the platform, enabling product innovation, and investing in the talented team. Additionally, Hudson Smith, a partner at Thoma Bravo, expressed confidence in Everbridge's strong foundation and innovative product portfolio, foreseeing significant growth potential for the company.

Moreover, Matt Losardo, a principal at Thoma Bravo, underlined the relevance of Everbridge's products and services in the current fast-changing and complex global business landscape. Thoma Bravo aims to leverage its expertise in risk, compliance, and safety to support Everbridge in advancing its mission, better serving its customers, and accelerating its growth.

The financial advisory teams involved in the acquisition included Qatalyst Partners and Cooley LLP for Everbridge, and Raymond James and Kirkland & Ellis LLP for Thoma Bravo.

Everbridge is known for empowering enterprises and government organizations to anticipate, mitigate, respond to, and recover from critical events. The company's focus on critical event management (CEM) technology aims to minimize the impact on people and operations, absorb stress, and facilitate faster return to productivity in today's unpredictable world. Following these announcements, the company's shares moved 0.0%, and are now trading at a price of $35.0. For more information, read the company's full 8-K submission here.

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