Thoma Bravo Acquires Everbridge in $1.5B Deal

Thoma Bravo, a private equity firm, is acquiring critical event management software company Everbridge in a $1.5 billion all-cash deal, representing a premium of over 50% on Everbridge’s market cap. Everbridge, which went public in 2016, provides risk intelligence and mass-notification tools for emergency situations. Thoma Bravo sees Everbridge’s suite of SaaS tools as crucial for companies managing geopolitical instability, climate change, and economic risks. The deal is expected to close in Q2 2024, pending regulatory and shareholder approvals.