Everbridge

Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization's operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans. The company was founded by Cinta Putra and Steve Kirchmeier in 2002 and is headquartered in Burlington, MA.

Earnings data Q3 2020

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Everbridge posts robust Q4 results, eyes $1 billion ARR goal

Everbridge delivered strong financial performance, focusing on profitable growth towards $1 billion in ARR. The company's strategic initiatives, including reducing debt, adding new customers, and enhancing digital solutions, position it for long-term success.

Everbridge reports solid Q1 earnings, focuses on growth strategies

Everbridge's Q1 performance showcased revenue growth, strong ARR, and cash flow generation. The company's resilience in software platform performance and strategic focus on growth and profitability position it well for achieving its financial targets. Challenges include managing costs and balancing growth strategies to mitigate risks.

Everbridge reports Q2 growth amidst deal challenges and market shifts

Everbridge's Q2 performance showed revenue growth and solid execution despite challenges in deal sizes and macro environment impacts.
The company's focus on mid-market growth, product enhancements, and cost efficiencies positions it for future opportunities.
Challenges include large deal impacts on revenue and international market difficulties, but Everbridge remains optimistic about growth potential.
Opportunities lie in driving profitability, improving cash flow, and leveraging CEM solutions for productivity gains.

Everbridge reports Q3 revenue growth and aims for profitable growth

Everbridge's Q3 performance showed revenue growth and improved profitability, driven by strong subscription revenue and adjusted EBITDA.
While facing challenges in retention and leverage reduction, the company is focused on driving recurring revenue growth and enhancing customer success.
Opportunities lie in engaging with investors, generating cash flow for debt repayment, and maintaining financial strength through EBITDA growth.
Overall, Everbridge aims for disciplined growth investments to achieve profitable growth and reduce leverage in the coming years.

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Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization's operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans. The company was founded by Cinta Putra, Steve Kirchmeier, Patrick Stuver and James Keene in 2002 and is headquartered in Burlington, MA.

Everbridge (EVBG) gears up to acquire software maker, xMatters to enhance its IT Alerting and Incident Management offerings.

Everbridge (EVBG) Set to Acquire Software Marker xMatters

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG) and xMatters today announced that the two companies have signed a definitive agreement for Everbridge to acquire xMatters for a purchase price of approximately $240 million in cash and stock, pending regulatory review and other customary closing conditions. The acquisition of xMatters represents another significant step in Everbridge's commitment to better serve customers and create increased shareholder value. The combination

Critical Event Management (CEM) Provider Everbridge to Acquire xMatters

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG) today announced an expansion of its end-to-end market-leading and global Critical Event Management (CEM) SaaS platform, unveiling the most comprehensive integrated suite of digital and physical resiliency solutions for global organizations preparing for ‘the new normal' in the post-pandemic world. Digitally transforming how organizations manage, respond to, and mitigate a crisis, as well as protecting revenue while improving co

Everbridge Announces Expansion of Industry-Leading Critical Event Management (CEM) SaaS Platform to Provide the Most Comprehensive Integrated Suite of Digital and Physical Resiliency Solutions for Global Organizations in the Post-Pandemic World

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced 42nd President of the United States Bill Clinton as its first keynote for the Spring 2021 COVID-19: Road to Recovery (R2R) virtual leadership summit to be held May 26-27. The two-day global symposium addresses resilience strategies and best practices as global businesses, governments and economies seek recovery and a return to normalcy from the ongoing coron

42nd President of the United States, Bill Clinton, to Deliver Keynote at Everbridge COVID-19: Road to Recovery (R2R) Executive Summit, May 26-27, 2021

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced the next generation of its industry-leading Resident Connection solution designed to expand the reach of first responders and emergency managers by offering the industry's most comprehensive contact database to deliver critical alerts to residents and businesses in times of crisis. Resident Connection provides Everbridge customers access to the most precise

Everbridge Launches Next Generation of Its Industry-Leading Resident Connection Software-as-a-Service (SaaS) Solution to Maximize Reach of Critical Life Safety Alerts

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that IT Central Station, the leading product review site for enterprise technology, ranked Everbridge the top IT alerting solution for 2020 based on peer product reviews from its site. The honor marks the third consecutive year that Everbridge IT Alerting received this distinction. “Everbridge won a Peer Award on top of the #1 Leader spot and held steadily o

Everbridge Named Top Enterprise IT Alerting Solution for 2020 by IT Central Station

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that one of the world's largest intergovernmental organizations, deployed across dozens of countries, selected the company's Vaccine Distribution software platform to help manage the scheduling, tracking and communications of vaccine immunization and administration. Following a rigorous analysis of alternatives, Everbridge met all the objectives of the inter

Everbridge Selected to Power Vaccine Distribution Across Dozens of Countries in Support of Leading Intergovernmental Organization

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced the closing of its previously announced offering of $375 million aggregate principal amount of 0% convertible senior notes due 2026 (the Notes) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, which included the full exercise of the initial purchasers' option to purchase $50 million

Everbridge Announces Closing of Offering of $375 Million Convertible Senior Notes

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that the Muscogee (Creek) Nation Health System of Oklahoma selected the company's Vaccine Distribution solution to more efficiently coordinate and administer the COVID-19 vaccine to its tribal members. The Muscogee (Creek) Nation, the fourth largest Native American tribe in the country, chose Everbridge to automate the registration, scheduling, administratio

Muscogee (Creek) Nation Health System, Which Supports the Fourth Largest Native American Tribe in the United States, Selects Everbridge to Power its Vaccine Distribution Efforts

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (Nasdaq: EVBG) announced today the pricing of $325.0 million aggregate principal amount of 0% convertible senior notes due 2026 (the Notes) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Notes will be issued at a price equal to 100% of the principal amount thereof. In connection with the offering, Everbridge has also granted the initial purchasers a 13-day optio

Everbridge Announces Pricing of Upsized $325 Million Convertible Notes Offering

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (Nasdaq: EVBG) announced today that it intends to offer, subject to market and other conditions, $275.0 million aggregate principal amount of convertible senior notes due 2026 (the Notes) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Everbridge also expects to grant the initial purchasers a 13-day option to purchase up to an additional $50.0 million aggregate princ

Everbridge Announces Private Offering of $275 Million Convertible Notes

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced the company received a revolutionary new patent related to its world-class Public Warning system. The patent pertains to technology focused on hybrid population alerting systems and intelligent sending of messages in public mobile networks. Everbridge represents the first population alerting provider to serve the entire populations of 11 countries in Europe,

Everbridge Awarded Revolutionary New Public Warning Patent for Technology that Automates the Selection of the Optimal Communications Channels to Reach the Broadest, Hyper-Targeted Populations – as Fast as Possible – During a Crisis

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced its recognition by the Boston Business Journal (BBJ) for being named one of the top 30 fastest-growing middle-market companies in Massachusetts for the second year in a row, increasing its ranking over the prior year. “We are happy to celebrate fast-growing, innovative companies,” said Boston Business Journal Market President and Publisher Carolyn Jones. “Th

Everbridge Awarded as a Top 30 Fastest-Growing Market Leader in Massachusetts for Second Consecutive Year

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that the Florida Department of Education chose the company as an approved partner for the state's Alyssa's Law mandate. Beginning with the 2021-2022 school year, Florida public and charter schools will be required to demonstrate compliance with Alyssa's Law, named after one of the students killed in the tragic shooting at Marjory Stoneman Douglas High School

Florida Department of Education Selects Everbridge as Approved Partner for New School Safety Initiative

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced the availability of its new ManageBridge App, including enhanced crisis management and reporting features that allow organizations to effectively anticipate and respond to natural, manmade and digital critical events in real time from a mobile device. The ManageBridge App represents a significant advancement in technology and user experience. Dispatchers and

Everbridge Announces Next Generation of Mobile App for Organizations to Manage the Full Lifecycle of a Critical Event from a Device

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced its Vice President of Global Account Management & Customer Success MJ McCarthy earned a 2021 Stevie® Award in the category of “Worldwide Sales Executive of the Year.” The award showcases McCarthy's leadership and ongoing commitment to helping Everbridge customers manage major threats to life safety and continuity of business and IT operations. Most recen

Everbridge Customer Success Leader Wins 2021 Stevie® Award Honoring Worldwide Sales Executives of the Year

The pandemic and recent extreme weather-related events have brought increased attention to the critical event management (CEM) platform provider.

Under-the-Radar Coronavirus Stock Everbridge Jumps 14% After Earnings Beat

SINGAPORE--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced its expanding presence in Asia Pacific (APAC). Supporting customers across 18 countries in APAC, India's State of Kerala represents the latest major government contract for Everbridge's market-leading CEM platform and Public Warning solution. Everbridge solutions are deployed by leading APAC-headquartered businesses across 29 industries with a strong focus on financ

Everbridge, the Global Leader in Critical Event Management (CEM), Rapidly Expands Presence in Asia Pacific

Everbridge's (EVBG) fourth-quarter 2020 results reflect expanding enterprise clientele and growing adoption of its CEM solutions.

Everbridge (EVBG) Q4 Earnings Beat Estimates, Revenues Up Y/Y

Meredith

Everbridge's (EVBG) CEO David Meredith on Q4 2020 Results - Earnings Call Transcript

Shares of Everbridge (NASDAQ:EVBG) moved higher by 2.8% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 40.00% over the past year to $0.03, which beat the estimate of $0.02.

Everbridge: Q4 Earnings Insights

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced its financial results for the fourth quarter and full year ended December 31, 2020. “We posted strong financial performance during 2020 despite challenges caused by the COVID-19 pandemic, increasing our top-line guidance every quarter and delivering 35% revenue growth for the full year,” said David Meredith, Chief Executive Officer of Everbridge. “We innovat

Everbridge Announces Strong Fourth Quarter and Full Year 2020 Financial Results

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM) and countrywide Public Warning solutions, today announced five Public Warning contract wins across wireless carriers, national and state governments, providing the population-wide alerting system to keep people safe and organizations running during critical events in Europe and Asia. In the fourth quarter of 2020, Everbridge signed India's Government of Kerala, home to over

Everbridge Announces Five Public Warning Contract Wins Across Wireless Carriers, National and State Governments to Protect People and Organizations in Europe and Asia

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that Oregon selected the company to power its OR-Alert emergency notification system to reach all residents and annual visitors, joining the ranks of other population-wide Everbridge state and territory deployments including California, New York, Florida, Connecticut, Vermont, and Massachusetts, as well as Washington, D.C. and the United States Virgin Island

Everbridge Adds Another Statewide Win with Selection by Oregon to Power Public Alerts and Warning System for 33 Million Residents and Annual Visitors

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that Indian River County in Florida deployed the company's Vaccine Distribution platform, becoming the latest U.S. county to utilize the software solution to help manage the scheduling, tracking and communications of vaccine administration. Florida residents who are 65 years and older or are frontline healthcare workers can now register via Everbridge's vacc

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