Thoma Bravo Acquires Everbridge in $1.8B Privatization of Critical Event Management Software
Everbridge, a critical event management (CEM) software company, is going private in a $1.8 billion all-cash deal that will see it taken over by private equity giant Thoma Bravo — 20% more than what was originally announced last month.
Things never recovered, with its valuation hovering at below the $1 billion mark for the past six months.
Premium planThoma Bravo, a private equity firm renowned for snapping up underperforming enterprise software firms, is effectively paying a premium in excess of 83%* on Everbridge’s market cap on February 2.
“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,” Thoma Bravo partner Hudson Smith said in a press release.
*This article was updated on March 1, 2024, with amended acquisition price and premiums after Everbridge’s “go shop” process yielded greater interest.
