Software investment firm Thoma Bravo has completed its acquisition of Everbridge, a specialist in critical event management and national public warning solutions, in an all-cash transaction valued at approximately $1.8bn.
The agreement to acquire Everbridge was approved by its stockholders at a meeting held on 25 April.
With completion of the transaction, 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 now ceased trading and will be delisted from Nasdaq.
In a press statement, Hudson Smith, Partner at Thoma Bravo, said: “Everbridge has an incredibly strong foundation, with an expansive and innovative product portfolio that plays a critical role in the day-to-day operations of thousands of the world’s most well-respected organizations. We are confident that they can successfully build on that foundation and see tremendous growth potential ahead for the company.”
