Everbridge to be taken private by Thoma Bravo in $1.5 bln
Technology
Everbridge to be taken private by Thoma Bravo in $1.5 bln
(Reuters) - Everbridge (EVBG.O) said on Monday it would be bought by U.S. private equity firm Thoma Bravo in an all-cash transaction that valued the software company at about $1.5 billion.
Thoma Bravo has offered Everbridge shareholders $28.60 per share held, representing a 20% premium to the stock's last close.
Everbridge's shares rose more than 18% premarket.
The company, founded in the aftermath of 9/11, helps businesses and governments anticipate, mitigate, respond to, and recover from critical events.
Everbridge will become a privately held company after the deal closes, expected in the second quarter.
