Thoma Bravo has declared a definitive agreement to acquire Everbridge in an all-cash transaction valued at approximately $1.5 billion. Under this agreement, Everbridge shareholders will receive $28.60 per share in cash.

The acquisition agreement entails a per-share purchase price that represents a 32% premium over Everbridge's recent average share price. This strategic acquisition is intended to bolster the company's growth prospects amidst global uncertainties and an increased focus on public safety. According to a press release by Thoma Bravo, Everbridge is set to become a privately held company upon completion of the deal.

David Wagner, President and CEO of Everbridge, said in a press release by Thoma Bravo, "Joining Thoma Bravo will mark a pivotal moment for Everbridge and our mission to empower organizations worldwide with the tools to successfully navigate critical events." He added, "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 organizations running. This agreement is a testament to all we’ve achieved together as one Everbridge and represents the beginning of an exciting new chapter for our team, our partners, and our customers."

Hudson Smith, partner at Thoma Bravo, also commented on the acquisition in the same press release: "We look forward to working with Everbridge to expand their ability to capitalize on opportunities in an expanding marketplace for risk, compliance, and safety solutions." Smith continued: "The Everbridge product portfolio is already used by some of the world’s most-respected corporations and organizations to comprehensively monitor risk and manage critical events, and we see an extensive runway ahead for product innovation and profitable growth."

Everbridge was founded in 2002 following the September 11 attacks with the aim of enhancing organizational resilience. Initially, the company focused on a notification engine to ensure communication during crises. Currently, its critical event management platform serves over 6,500 organizations globally, according to the About webpage provided by Everbridge.