Illinois-based, Thoma Bravo an investment company recently acquired Massachusetts-based Everbridge Inc, a critical event management company.
The deal was closed at $1.8 billion. The transaction was done at $35 per share and soon the common stock will delist from Nasdaq.
Thoma Bravo Acquired Everbridge
CEO and President Everbridge, David Wagner said that the company helps the government organization eliminate critical events like natural disasters, cyberattacks, or health crises. Everbridge digitizes disaster data and uses combat intelligence to make a comprehensive plan for KPaSOR (Keep People Safe and Organizations Running).
Thoma Bravo is an investor primarily focused on software development. Thomas Bravo has a $142 billion AUM reported on 31 March 2024. The firm office is located in London, Chicago, New York, Miami, and San Francisco.
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