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Everbridge, Inc. (NASDAQ: EVBG) stands as a global leader in critical event management and enterprise safety applications. The company specializes in automating and expediting operational responses to critical incidents to ensure the safety of people and the continuity of business operations. With a robust SaaS-based platform, Everbridge aids in aggregating and assessing threat data, locating individuals at risk, coordinating responders, automating communication processes, and tracking the execution of response plans.
In times of public safety threats such as active shooter situations, terrorist attacks, or severe weather conditions, as well as critical business events including IT outages or cyber-attacks, over 3,400 customers worldwide depend on Everbridge's services. The platform has demonstrated its reliability by delivering over 1.5 billion messages in 2016 and reaching more than 200 countries and territories, ensuring secure communication across 100 different devices.
Everbridge caters to a diverse range of industries such as technology, energy, financial services, healthcare, manufacturing, media, retail, higher education, and professional services. The company's significant revenue is primarily generated from operations in the United States.
Recent achievements include strategic partnerships and innovative projects aimed at enhancing their critical event management capabilities. Everbridge continues to evolve its platform to meet the growing demands of enterprise safety and business continuity, reinforcing its position as a vital player in the industry.
Everbridge, Inc. (NASDAQ: EVBG) recently addressed Ancora Holdings' statement regarding the upcoming 2022 Annual Meeting of Shareholders on May 19, 2022. The Board of Directors is committed to enhancing shareholder value and has conducted a comprehensive review of the company's strategy. This includes pausing new mergers and acquisitions to focus on integration and operational efficiency. The Board believes these initiatives will foster sustainable growth and profitability. The Board has also engaged with Ancora, whose objective appears to be a quick sale of the company, which Everbridge opposes.
Everbridge has been recognized in the Frost Radar™ for Command and Control Software, highlighting its leadership in the security sector. The report emphasizes a digital transformation in security, with significant investments anticipated in integrated command software. Everbridge's Control Center product enables real-time decision-making across various threats. The company maintains an impressive customer retention rate over 90% and serves over 6,100 customers, including large corporations and government entities. This recognition underlines Everbridge’s strategic growth and innovation in the security landscape.
Ancora Holdings Group, LLC, a significant stockholder of Everbridge, Inc. (NASDAQ: EVBG), has expressed concerns regarding the Board's lack of action towards exploring strategic alternatives. They believe a sale to a well-capitalized acquirer could unlock over
Everbridge has been selected to implement Cell Broadcast technology for two of Germany's largest mobile network operators, enhancing the country's national public warning system. This initiative aims to improve emergency communication efficiency, allowing authorities to alert residents quickly during crises. Everbridge currently supports public alert systems in 9 European countries and over 20 governments worldwide, covering more than 65% of German mobile subscribers. Testing is set for Nationwide Alert Day in September 2023.
Everbridge, Inc. (NASDAQ: EVBG) announced that the State of Oregon has received the Best in Enterprise Resilience™ Gold designation, recognizing its effective implementation of technology and practices for critical event management. Oregon's emergency notification system, OR-Alert, can reach 3.3 million residents and integrates with various alert systems. The evaluation highlighted strengths in data management, digital transformation, automation, and communication capabilities. This certification positions Oregon alongside industry leaders, showcasing its commitment to resilience in emergencies.
Everbridge, Inc. (NASDAQ: EVBG) will release its financial results for the first quarter of 2022 on May 9, 2022, after market close. A conference call will take place at 4:30 p.m. ET to discuss the findings. The recorded version of the webcast can be accessed post-call at https://ir.everbridge.com/. Everbridge supports over 6,100 customers globally with its Critical Event Management Platform, addressing emergency threats and operational disruptions.
Everbridge announced that the City and County of Denver has expanded its use of the company’s population alerting platform to improve emergency communications for over 700,000 residents. This enhancement adds the Resident Connection feature to the Mass Notification system, facilitating timely alerts during emergencies such as wildfires and severe weather. The initiative aims to ensure accurate and effective communication during public health risks and disasters. With this expansion, Everbridge continues its role as a leader in critical event management.
Everbridge, a leader in critical event management (CEM), has partnered with the Boston Athletic Association (B.A.A.) for the 126th Boston Marathon on April 18. The platform will support over 10,000 volunteers and staff, providing real-time event updates and safety information. This collaboration marks the fourth support since 2018, highlighting Everbridge's commitment to enhancing safety in public events, particularly in a post-pandemic context.
Everbridge, Inc. (NASDAQ: EVBG) has partnered with Atalait to enhance enterprise resilience in Mexico and Latin America. This first-to-market initiative enables organizations to effectively manage digital and physical critical events, including IT disruptions and cyberattacks. Key clients include Bupa México and Vitamédica, which will utilize Everbridge's Mass Notification product for efficient communication during emergencies. This partnership underscores Everbridge's continuous commitment to operational safety and crisis management, leveraging over 450 technology integrations and 25,000 risk data sources.
Ancora Holdings Group, a significant stakeholder in Everbridge (NASDAQ: EVBG), expresses concerns over the company's board's reluctance to explore acquisition offers. Ancora claims multiple financial sponsors are interested in acquiring Everbridge, and one sponsor reported an unsatisfactory response from the board. Ancora emphasizes that Everbridge is undervalued, suggesting a potential sale could exceed $70 per share based on market comparisons and recent software transactions. The firm calls for the board to engage with potential buyers to maximize shareholder value.
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