All articles tagged with #everbridge
Yandex's parent company is selling off its Russian assets due to the impact of sanctions, while Everbridge is going private for $1.5 billion. Crypto price movements have stabilized following the launch of bitcoin spot ETFs, and startup news includes Wonder Ventures' new funds, Naboo raising $8 million, and ProducePay securing $38 million to address food waste.
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.
Millions of Floridians were woken up by an unscheduled test of the Emergency Alert System (EAS) on their phones at 4:45 am. The Florida Division of Emergency Management apologized for the mistake and is taking action to remove the company responsible for submitting the alert. Governor Ron DeSantis has ordered swift accountability for the inappropriate use of the system. The EAS is typically used for AMBER Alerts and disaster warnings, and state leaders recommend keeping them on despite the unsolicited wake-up call.