Thoma Bravo Acquires Everbridge in $1.8B Deal to Expand Critical Event Management
Private equity firm Thoma Bravo has finalized a $1.8 billion all-cash deal to take Everbridge, a leading critical event management (CEM) software provider, private. The acquisition marks a 20% increase over the initial $1.5 billion offer announced in February 2024, reflecting heightened investor confidence in Everbridge’s market potential.
Why Everbridge Matters in Risk Management
Founded in 2002 as 3N Global, Everbridge specializes in helping governments and enterprises manage emergencies through:
- Risk intelligence for threat assessment
- Mass-notification systems for crisis communication
- SaaS-based solutions for severe weather, cyberattacks, and geopolitical disruptions
The company went public in 2016, peaking at a $6.4 billion valuation in 2021 before market challenges reduced its worth below $1 billion in recent years.
Image Credits: Everbridge
Deal Highlights and Strategic Premium
- 83% premium over Everbridge’s market cap as of February 2, 2024
- 62% premium based on the 3-month volume-weighted average share price
- Shareholders to receive $35.00 per share, up from the initial $28.60 offer
Thoma Bravo, known for acquiring underperforming enterprise software companies, sees long-term value in Everbridge’s capabilities amid rising global risks:
“We look forward to expanding Everbridge’s offerings in risk, compliance, and safety solutions,” said Hudson Smith, Partner at Thoma Bravo. “Their technology is trusted by top-tier organizations, with significant room for innovation.”
Market Context and Next Steps
With increased geopolitical instability (including a record number of global elections in 2024) and climate-related threats, demand for CEM solutions is growing. The deal is expected to close in Q2 2024, pending regulatory and shareholder approvals.
Editor’s Note: This article was updated on March 1, 2024, to reflect the revised acquisition terms after Everbridge’s ‘go-shop’ period attracted competitive interest.
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