Everbridge has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for approximately £1.2 billion.
According to the company, upon completion of the transaction, it will become a privately held company.
“Joining Thoma Bravo will mark a pivotal moment for Everbridge and our mission to empower organisations worldwide with the tools to successfully navigate critical events,” said David Wagner, President and CEO of Everbridge.
“Over the last several years, we have expanded and evolved our business to support customers in an increasingly complex threat landscape.
“Thoma Bravo’s comprehensive experience in the risk, compliance and safety sectors and commitment to fostering innovation will enable us to better help our customers keep people safe and their organisations running.”
“We’re thrilled to partner with the Everbridge team to keep building on the strong business they’ve created in critical event management,” said Matt LoSardo, Principal at Thoma Bravo.
“Our shared vision, coupled with Thoma Bravo’s software and operational competencies, will support Everbridge to accelerate its growth initiatives and better serve its customers during this exciting next chapter for the company.”