Business Summary: Provider Of Security Solutions Designed For Protection During Critical Events

Everbridge Inc. (Pending:EVBG), is a software company which provides critical enterprise and related safety communications. Its platform is designed to immediately disseminate news and updates during public safety threats such as terrorist attacks, active shooter situations, severe weather conditions, IT outages, or cyber incidents. Their SaaS-based platform allows its clients to aggregate and assess threat data as well as then deliver intelligent, contextual messages.

Customers can also receive verification of delivery of those messages across multiple communication means, including: email, voice messages, and texts. Their platform can send millions of messages simultaneously to over 100 different communication devices, across more than 200 countries and territories, in 15 languages and in near real-time delivery. In 2015, the company handled 1.1 billion separate communications.

The company’s critical communications and enterprise safety applications include: Mass Notification, Incident Management, IT Alerting, Safety Connection, Community Engagement, Secure Messaging, and Internet of Things. It serves customers in technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, higher education, and professional services industries.

In the last five years, Everbridge has grown its customer base from 867 to over 3,000 business and government customers. Everbridge serves customers in 25 countries and eight of the 10 largest US cities. Their customer base includes: 24 of the 25 busiest US Airports, eight of the 10 largest US-based investment banks, six of the 10 largest global auto makers, six out of the 10 largest global consulting firms, all four of the largest global accounting firms, four of the 10 largest U.S.-based health insurers, and four of the 10 largest U.S.-based healthcare providers.

EVBG filed for the IPO on August 19, 2016 and will offer 7.5 million shares at an expected price range of $11 to $13. If the underwriters price the IPO at the midpoint of that range, EVBG will have a market capitalization of $90 million. Everbridge’s team of underwriters include: BofA Merrill Lynch, Credit Suisse Securities, Canaccord Genuity, Pacific Crest Securities, Raymond James & Associates, Stifel Nicolaus & Co., and William Blair & Co.