Announced
Financials
Tags
critical event management
public warning solutions
Software
Domestic
Majority
Private Equity
Pending
Friendly
United States
enterprise software
Public
software development
Acquisition
Single Bidder
Synopsis
Thoma Bravo, a software investment firm, agreed to acquire Everbridge, a provider of critical event management and national public warning solutions, for $1.8bn. "We are pleased to deliver immediate, compelling, and certain value to our shareholders through this transaction. Over the past several years, the Everbridge Board has consistently reviewed the Company’s stand-alone opportunity against other strategic opportunities, including dialogue with a range of potential partners. This agreement is the result of those efforts and reflects our commitment to maximizing value and certainty on behalf of our shareholders," David Henshall, Everbridge Chairman and Lead Independent Director. On March 1, 2024, Thoma Bravo increased the price at which it has agreed to acquire all outstanding shares of Everbridge to $35 per share in cash, $6.4 per share higher the original transaction price.
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