Everbridge Acquired by Thoma Bravo Expands Tech Investments

Everbridge, a leading critical event management company, has been acquired by Thoma Bravo, a private equity firm with a long history of investing in software and technology companies.

Thoma Bravo has a proven track record of investing in and growing successful tech companies, with a portfolio that includes companies like Endurance International Group and Blue Coat Systems.

The acquisition of Everbridge by Thoma Bravo is expected to provide the company with the resources and support it needs to continue innovating and expanding its product offerings.

The deal is a significant vote of confidence in Everbridge's technology and its potential for growth, and is likely to have a positive impact on the company's future prospects.

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Thoma Bravo, a leading software investment firm, acquired Everbridge, a global leader in critical event management, in an all-cash transaction valued at approximately $1.8 billion.

The acquisition was completed on July 2, after Everbridge stockholders approved the agreement at a Special Meeting of Stockholders held on April 25, 2024.

Everbridge stockholders are entitled to receive $35.00 per share in cash for each share of Everbridge common stock they owned.

The company's common stock has ceased trading and will be delisted from Nasdaq.

Thoma Bravo plans to strengthen Everbridge's platform and drive product innovation by investing in its talented team and technology.

Thoma Bravo's expertise in risk, compliance, and safety will further support Everbridge's mission, enabling the company to better serve its customers and accelerate its growth trajectory.

David Wagner, president and CEO of Everbridge, expressed excitement about the acquisition, stating that it marks an exciting step forward for the company and allows them to begin their next chapter alongside Thoma Bravo.

Hudson Smith, partner at Thoma Bravo, is looking forward to working with David and his team on their value-creating growth plans.

The acquisition marks a significant milestone in the tech investment arena, setting a new standard for tech investments focused on critical event management and public safety.

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Thoma Bravo is a leading software investment firm with approximately $134 billion in assets under management as of September 30, 2023. They invest in growth-oriented companies operating in the software and technology sectors.

Thoma Bravo has offices in Chicago, London, Miami, New York, and San Francisco. They have a deep sector knowledge and strategic and operational expertise that they leverage to collaborate with their portfolio companies.

The firm has acquired or invested in more than 455 companies, representing over $255 billion in enterprise value. This includes both control and non-control investments.

Thoma Bravo has a strong track record of driving growth and value creation in the tech investment sector. They have managed to consistently deliver significant growth and value creation through their investments.

Thoma Bravo's investment approach is characterized by collaborative partnerships aimed at achieving operational excellence and innovation. They have a history of investing in and growing software and technology businesses.

As of March 31, 2024, Thoma Bravo manages approximately $142 billion in assets.

Thoma Bravo, a leading software investment firm, completed the acquisition of Everbridge, Inc. in an all-cash transaction valued at approximately $1.8 billion on July 2.

The acquisition was approved by Everbridge stockholders at the Special Meeting of Stockholders held on April 25, 2024.

Everbridge stockholders are entitled to receive $35.00 per share in cash for each share of Everbridge common stock they owned.

The company's common stock has ceased trading and will be delisted from Nasdaq.

Thoma Bravo and Everbridge share a common vision for the future of Everbridge, which includes strengthening and growing the platform, enabling product innovation, and investing in the talented team.

Thoma Bravo has deep expertise within the risk, compliance, and safety space, and they are excited to leverage that to help Everbridge advance its mission, better serve its customers, and accelerate its growth.

The acquisition marks a significant milestone in the tech investment arena, with Thoma Bravo and Everbridge well-positioned to navigate an increasingly complex threat landscape.

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This partnership not only enhances Everbridge's capabilities but also sets a new standard for tech investments focused on critical event management and public safety.

Thoma Bravo increased the price at which it agreed to acquire all outstanding shares of Everbridge to $35 per share in cash, representing a 62% premium to Everbridge's 90-day volume-weighted share price as of February 2, 2024.

The original merger agreement with Thoma Bravo, dated February 4, 2024, included a "go-shop" period, which permitted the Everbridge board and its advisers to actively initiate and solicit alternative acquisition proposals from certain third parties.

Everbridge and Thoma Bravo entered into the amended and restated merger agreement providing for the price of $35 per share, which was higher than the prices offered by any applicable third party in related "go shop" proposals.

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Everbridge's President and CEO, David Wagner, is excited about the acquisition, highlighting the shared vision between Everbridge and Thoma Bravo. This partnership aims to strengthen Everbridge's platform, foster product innovation, and drive long-term growth.

Hudson Smith, Partner at Thoma Bravo, praises Everbridge's strong foundation and innovative product portfolio, underscoring the immense growth potential the company holds.

Thoma Bravo intends to enhance Everbridge's value through a focused approach on innovation and operational excellence. Key areas of focus include strengthening the platform, driving product innovation, investing in growth initiatives, and supporting the talented team.

By prioritizing these areas, Thoma Bravo aims to deliver superior value to Everbridge's customers and partners. This will ensure the company remains at the forefront of critical event management solutions.

Thoma Bravo's expertise will be leveraged to advance Everbridge's mission, with confidence expressed in the increasing relevance of Everbridge's products in today's fast-changing world.

Everbridge is a leader in critical event management and national public warning solutions. The company provides an expansive product portfolio that plays a vital role in the day-to-day operations of thousands of respected organizations worldwide.

Everbridge's solutions are designed to help organizations manage and respond to critical events. Its focus on innovation and robust platform capabilities has positioned it as a leader in the industry.

Everbridge's critical event management solutions help ensure safety and business continuity in an increasingly complex threat landscape.

Everbridge was served by Qatalyst Partners as its financial advisor, and Cooley LLP as its legal counsel. Qatalyst Partners and Cooley LLP played a crucial role in facilitating the acquisition.

Kirkland & Ellis LLP served as the legal counsel for Thoma Bravo, the company that acquired Everbridge.

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Everbridge and its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction.

Participants in the solicitation include individuals with significant roles within the company, such as directors and executive officers.

Information about these participants can be found in the Everbridge Annual Report on Form 10-K for the year ended December 31, 2022.

The proxy statement for the Everbridge 2023 Annual Meeting of Stockholders also contains information about these participants.

This information was filed with the SEC on February 24, 2023, and April 13, 2023, respectively.

Stockholders may obtain additional information regarding the interests of such participants by reading the proxy statement and other relevant materials to be filed with the SEC regarding the proposed merger when they become available.

Qatalyst Partners is serving as financial advisor to Everbridge, providing guidance on financial matters to help them navigate the solicitation process.

Everbridge also has Cooley LLP serving as their legal counsel, ensuring they receive expert legal advice throughout the process.

Thoma Bravo has Kirkland & Ellis LLP serving as their legal counsel, providing them with top-notch legal guidance to help them make informed decisions.

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Thoma Bravo has a proven track record of driving significant growth and value creation through its investments. The firm has acquired or invested in more than 480 software and technology companies, representing approximately $265 billion in value.

Thoma Bravo's commitment to expanding its portfolio with companies that offer critical and innovative solutions is evident in its acquisition of Everbridge. This move is likely to encourage other investors to seek out similar opportunities in the tech sector.

The deal highlights the growing importance of software solutions in managing complex global threats, setting a precedent for future investments in this space. Thoma Bravo's deep sector knowledge and strategic expertise have been key factors in its success.

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As a major player in the tech investment sector, Thoma Bravo manages approximately $142 billion in assets as of March 31, 2024. This significant investment capacity positions the firm to make a lasting impact on the tech industry.

Thoma Bravo's collaborative partnerships aimed at achieving operational excellence and innovation have been instrumental in driving growth and value creation. By leveraging its expertise and resources, the firm is well-positioned to continue making strategic investments in the tech sector.