Everbridge Named a Leader Among Critical Event Management (CEM) Providers by Premier Technology Research and Advisory Firm

Rhea-AI Summary

Everbridge, Inc. (Nasdaq: EVBG) has been recognized as a leader in The Forrester Wave™: Critical Event Management Platforms, Q4 2023 report, receiving the highest possible score in fifteen criteria. The company's comprehensive critical event management platform is well-suited for national or global enterprises, as highlighted in a February 2023 commissioned study by Forrester Consulting, which revealed a 358% return on investment (ROI) for organizations using Everbridge's platform.

Positive

• Everbridge received the highest possible score in fifteen criteria in The Forrester Wave™: Critical Event Management Platforms, Q4 2023 report.
• The company's comprehensive critical event management platform is well-suited for national or global enterprises.
• A February 2023 commissioned study by Forrester Consulting revealed a 358% return on investment (ROI) for organizations using Everbridge's platform.

Negative

• None.

Everbridge is “the most comprehensive solution solving all primary and extended CEM use cases,” states report

BURLINGTON, Mass.--(BUSINESS WIRE)-- Everbridge, Inc. (Nasdaq: EVBG), the global leader in critical event management (CEM) and national public warning software solutions, today announced that the company has been recognized as a leader in The Forrester Wave™: Critical Event Management Platforms, Q4 2023 report. Everbridge received the highest possible score in fifteen criteria including: vision, innovation, partner ecosystem, as well as criteria within the current offering category, including employee mass communication, physical threat intelligence, travel risk management, orchestration and automation, and reporting and analytics, among others.

Everbridge Named a Leader Among Critical Event Management (CEM) Providers by Premier Technology Research and Advisory Firm (Photo: Business Wire)

“As the pioneer of this important industry, recognition as a leader in the Forrester Wave™: Critical Event Management Platforms report is, in our opinion, testament to our mission of helping organizations on their resilience journey,” said David Wagner, Chief Executive Officer at Everbridge. “Everbridge remains committed to delivering the most comprehensive critical event management platform in the market. In an increasingly unpredictable world, resilient organizations minimize impact to people and operations, absorb stress, and return to productivity faster when deploying critical event management technology. I am proud of our team’s leadership in empowering resilience for organizations around the world.”

According to the report, “Everbridge’s crisp and clean vision drives its ambition to be synonymous with organizational resilience. In addition to over 400 different technology partners, Everbridge maintains global industry, government, and academia relationships including services and data providers to strengthen its broad portfolio. Everbridge provides tailored customer journey roadmaps to drive customer success and enable the right adoption over time. Everbridge has a strong reputation and foothold in the industry with more than twice the revenue of the next highest competitor.”

The evaluation continues: “Everbridge is the most comprehensive solution solving all primary and extended CEM use cases. It even handles the convergence of physical and cyber with targeted cyber threat intelligence and auto remediation features leveraging a common workflow designer tool. Everbridge protects traveling employees and lone workers with rich features such as designated safe corridors and automatically adjusting emergency 911 calls to the proper local number. Reference customers appreciated that the Everbridge platform includes all the data and features they needed to create and maintain a robust crisis management program….”

The Forrester Wave™ also states that “Everbridge is ideally suited for any national or global enterprise that needs to satisfy a broad array of CEM use cases.”

Organizations face a steady stream of physical and digital risks from severe weather, environmental catastrophes, geopolitical upheaval, cyber-attacks, and everyday incidents. These events not only disrupt business operations but jeopardize employee and customer safety and threaten to interrupt critical public services and global supply chains. Critical Event Management platforms help organizations minimize the impact before, during, and after a crisis.

A February 2023 commissioned study conducted by Forrester Consulting highlighted the importance of CEM for organizations today. The Forrester study titled The Total Economic Impact™ of Everbridge Critical Event Management reveals organizations that use Everbridge’s platform were significantly better equipped with the capabilities and resources to effectively respond to and contain critical events, allowing them to better protect employees, company assets, and business processes.

Surveyed organizations in the Forrester Consulting The Total Economic Impact™ report demonstrated a 358% return on investment (ROI), highlighting the value of the Everbridge CEM Platform to enable “the composite organization to maintain business operations as it can react faster to unplanned business interruptions and get information to appropriate teams to resume operations and decrease the impact of critical events.”

To access The Forrester Wave™: Critical Event Management Platforms, Q4 2023 report, click here. To learn more about the value that Everbridge provides over 6,500 global customers, go to Why Everbridge.

About Everbridge

Everbridge (Nasdaq: EVBG) empowers enterprises and government organizations to anticipate, mitigate, respond to, and recover stronger from critical events. In today’s unpredictable world, resilient organizations minimize impact to people and operations, absorb stress, and return to productivity faster when deploying critical event management (CEM) technology. Everbridge digitizes organizational resilience by combining intelligent automation with the industry’s most comprehensive risk data to Keep People Safe and Organizations Running™. For more information, visit https://www.everbridge.com/, read the company blog, and follow on LinkedIn. Everbridge… Empowering Resilience.

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the anticipated opportunity and trends for growth in our critical communications and enterprise safety applications and our overall business, our market opportunity, our expectations regarding sales of our products, our goal to maintain market leadership and extend the markets in which we compete for customers, and anticipated impact on financial results. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the ability of our products and services to perform as intended and meet our customers’ expectations; our ability to successfully integrate businesses and assets that we may acquire; our ability to attract new customers and retain and increase sales to existing customers; our ability to increase sales of our Mass Notification application and/or ability to increase sales of our other applications; developments in the market for targeted and contextually relevant critical communications or the associated regulatory environment; our estimates of market opportunity and forecasts of market growth may prove to be inaccurate; we have not been profitable on a consistent basis historically and may not achieve or maintain profitability in the future; the lengthy and unpredictable sales cycles for new customers; nature of our business exposes us to inherent liability risks; our ability to attract, integrate and retain qualified personnel; our ability to maintain successful relationships with our channel partners and technology partners; our ability to manage our growth effectively; our ability to respond to competitive pressures; potential liability related to privacy and security of personally identifiable information; our ability to protect our intellectual property rights, and the other risks detailed in our risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 24, 2023 and other subsequent filings with the SEC. The forward-looking statements included in this press release represent our views as of the date of this press release. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

All Everbridge products are trademarks of Everbridge, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231207865482/en/

Everbridge:

Jeff Young

Media Relations

jeff.young@everbridge.com

781-859-4116

Jim Gatta

Media Relations

jim.gatta@everbridge.com

215-290-3799

Source: Everbridge

FAQ

What is Everbridge, Inc.'s ticker symbol?

The ticker symbol for Everbridge, Inc. is EVBG.

What did the Forrester Wave™: Critical Event Management Platforms, Q4 2023 report recognize Everbridge for?

The report recognized Everbridge as a leader and awarded them the highest possible score in fifteen criteria.

What was the ROI for organizations using Everbridge's platform as revealed by the February 2023 commissioned study by Forrester Consulting?

The study revealed a 358% return on investment (ROI) for organizations using Everbridge's platform.

Where can I access The Forrester Wave™: Critical Event Management Platforms, Q4 2023 report?

You can access the report by clicking here.