Last updated: February 6, 2024
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Thoma Bravo is set to acquire Everbridge for $1.5bn, with the aim of accelerating its growth.
The deal, expected to finalise in the second calendar quarter pending shareholder and regulatory approvals, will make Everbridge a private entity.
Shareholders will receive $28.60 per share in cash, a 32% premium on the 90-day average share price.
David Wagner, President and CEO of Everbridge, said: “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.”
Post-acquisition, Everbridge will remain operational under its existing name, but its stock will be removed from public exchanges.
