Thoma Bravo Acquires Everbridge in $1.5 Billion Deal

The acquisition marks a significant move for the emergency notification network provider, set to go private in Q2 2024.

Thoma Bravo, a private equity firm, is purchasing Everbridge for $1.5 billion in cash, offering shareholders a 20% premium on the last close price.
Everbridge, known for its critical event management software, will transition from public to private ownership following the deal's closure.
The deal reflects Thoma Bravo's strategy of investing in underperforming software companies, with Everbridge's suite of SaaS tools seen as crucial for managing risks in an unstable geopolitical climate.
Everbridge has faced challenges, including a net loss of $61 million in 2022 and a significant drop in market cap from $6.4 billion in September 2021 to below $1 billion in recent months.
The acquisition is subject to regulatory and shareholder approvals, with an expectation to finalize in the second quarter of 2024.