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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 (NASDAQ: EVBG) reported strong financial results for Q2 2021, with revenue reaching $86.6 million, a 33% increase from Q2 2020. Despite exceeding revenue guidance, the company recorded a GAAP net loss of $(33.8) million and an operating loss of $(27.4) million. Non-GAAP net income was $1.5 million. The firm also reported an increase in enterprise customers to 5,890. Looking ahead, Everbridge raised its annual guidance, projecting Q3 revenue between $94.1 and $94.5 million and full-year revenue of $362.8 to $363.8 million.
Everbridge (NASDAQ:EVBG) has announced a collaboration with The Associated Press (AP) to integrate AP's global news reports into its Critical Event Management (CEM) platform. This partnership aims to enhance risk data contextualization for clients, improving responses to critical events. By combining AP’s thorough journalism with Everbridge's data sources and machine learning capabilities, organizations can achieve better situational awareness. Everbridge's platform is used by numerous Fortune 1000 companies to manage risks effectively.
Everbridge (NASDAQ: EVBG) has launched a customized data-driven Situational Awareness and Risk Intelligence reporting service to support the International Games in Tokyo. This service aims to enhance the safety of traveling workers and attendees, as well as secure business operations near the event. Operating from July 23 to August 8 and August 24 to September 5, the service covers disruptions related to weather, traffic, COVID-19, and other local threats. The platform underscores Everbridge's commitment to providing critical event management solutions during major international events.
Everbridge, Inc. (NASDAQ: EVBG) has launched the first-ever Critical Event Management (CEM) Certification™ Program to evaluate enterprise resilience across organizations. This program, derived from 20 years of experience and thousands of projects globally, allows businesses to benchmark their resilience preparedness. Notably, Discover, Goldman Sachs, NBCUniversal, Dow, and Alexion have received the Best in Enterprise Resilience™ designation. The certification aims to enhance operational efficiency, brand reputation, and employee safety, with measurable benefits for certified organizations.
Everbridge, Inc. (NASDAQ: EVBG) has launched Everbridge 911 Connect, a next-generation 911 solution aimed at enhancing emergency dispatch in the U.S. in partnership with RapidSOS. This innovation improves location accuracy and caller identification for wireless 911 calls, utilizing a life safety database encompassing over 250 million contacts. The solution assists first responders by collecting vital information from residents during emergencies. With over 80% of 911 calls originating from mobile devices, this development aims to improve response times, ultimately saving lives, as federal regulations suggest that every second counts.
Everbridge (NASDAQ: EVBG) announces that Fortinet, a cybersecurity leader, will implement its Critical Event Management (CEM) solution to enhance business resilience. Fortinet's CFO emphasized the value of Everbridge's solution in achieving growth objectives. Everbridge's end-to-end CEM platform supports various use cases, safeguarding revenue while reducing costs. With over 5,700 global clients, including Fortune 1000 companies, Everbridge aims to maintain its market leadership within the critical communications sector.
Everbridge, Inc. (NASDAQ: EVBG) has been selected by Estonia to implement a nationwide Public Warning solution aimed at enhancing emergency alert systems for its 1.3 million residents and 3.2 million annual tourists. The system will utilize Everbridge's multi-channel platform, which includes cell broadcast and location-based SMS alerts, complying with the European Electronic Communications Code. This deployment strengthens Everbridge's leadership in public warning solutions, supporting numerous countries globally, and exemplifies Estonia's commitment to digital innovation and safety in emergencies.
Everbridge (NASDAQ: EVBG) announced it will release its second quarter 2021 financial results on August 9, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss these results. The webcast will be available for replay after the call, accessible via their investor relations website.
Everbridge specializes in critical event management, providing a platform for organizations to respond to emergencies and operational disruptions. They have over 5,700 global customers, highlighting their significant reach in public safety and enterprise software.
Everbridge (NASDAQ: EVBG) announced the successful deployment of its Public Warning Cell Broadcast technology with three major UK mobile network operators. This implementation supports the UK Government’s first nationwide emergency alert system, aimed at reaching over 100 million residents and visitors during emergencies such as natural disasters and terror attacks. The system allows quick alerts to mobile phones in affected areas, significantly enhancing public safety communications. Everbridge's technology has been proven effective in prior UK trials, demonstrating its leadership in critical event management.
Everbridge (NASDAQ: EVBG) announced a strategic partnership with Tech Data, enhancing its Critical Event Management (CEM) services. The collaboration aims to automate responses to critical events such as cyber-attacks and severe weather. This partnership offers Tech Data's channel partners access to Everbridge's comprehensive solutions, including Mass Notification, Safety Connection, and Risk Center.
Everbridge’s platform supports over 5,700 customers globally, utilizing machine learning and extensive risk data to keep organizations operational during crises.
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