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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), a leader in critical event management, announced its participation in two upcoming investor conferences. The Stifel 2022 Cross Sector Insight Conference is set for June 8, 2022, at 1:50 PM ET in Boston, while the 42nd Annual William Blair Growth Stock Conference is scheduled for June 9, 2022, at 8:00 AM CT in Chicago. Live webcasts of the events will be accessible on the company's investor relations website. Everbridge's platform supports over 6,200 customers globally, enhancing their response to critical events.
Approximately 49% of stockholders withheld support for Chairman Jaime Ellertson during the 2022 Annual Meeting. Ancora Holdings Group, a significant stockholder of Everbridge (EVBG), urges Ellertson and directors Richard D’Amore and Bruns Grayson to resign due to perceived underperformance. The statement highlights a strong sentiment among stockholders for boardroom change and suggests that a sale of the company could yield over
Everbridge, Inc. (NASDAQ: EVBG) announced that shareholders have re-elected all director nominees at the 2022 Annual Meeting. Seven out of eight directors, including Chair Jaime Ellertson, received majority support. Additionally, shareholders approved the advisory vote on executive compensation and ratified the independent auditors for the fiscal year ending December 31, 2022. The Board emphasized its commitment to enhancing value and engaging with shareholders, promising to execute operational initiatives aimed at sustainable growth and improved profitability.
Everbridge, a leader in critical event management, will present at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 2:30 p.m. ET in Boston, Massachusetts. The event features a fireside chat format, providing insights into the company's strategies in addressing public safety threats and business interruptions. A live webcast and replay will be available on the company's investor relations website.
Everbridge has been selected by the Indian State of Maharashtra to deploy its Incident Response Solutions, aiming to enhance disaster preparedness for 150 million residents and tourists. This marks the seventh statewide deployment in India, reflecting Everbridge's leadership in Public Safety and Crisis Preparedness across APAC, EMEA, and the Americas. The system will streamline disaster management through a collaborative platform involving various agencies. Governor Bhagat Singh Koshyari emphasized the goal of achieving Zero Death via this initiative.
Everbridge, Inc. (NASDAQ: EVBG) reported a strong first quarter of 2022 with total revenue rising 22% year-over-year to $100.4 million. However, the company faced a GAAP operating loss of $(19.2 million), slightly worsening from last year's $(18.2 million). Despite challenges, adjusted EBITDA reached $2.6 million, showing a decline from $5.3 million a year prior. The number of enterprise customers grew to 6,224, and the firm announced a strategic realignment program expected to save $13 million to $18 million annually.
Everbridge, Inc. (NASDAQ: EVBG) has received a recommendation from Glass Lewis to vote "FOR" all its director nominees amidst proxy firm ISS rejecting demands to withhold votes from select directors. The company urges shareholders to support its board, citing strategic initiatives aimed at enhancing long-term value, including a new CEO search. Everbridge emphasizes the successful integration of past acquisitions and board diversity, with 50% of senior executives coming from diverse backgrounds. The company encourages shareholders to vote to maintain a qualified board for stability and operational success.
Institutional Shareholder Services Inc. (ISS) has advised Everbridge stockholders to WITHHOLD support for Chairman Jaime Ellertson and Governance Committee Chair Bruns Grayson due to concerns over the board's accountability and oversight failures. ISS's report highlighted significant value destruction at EVBG, citing a lack of succession planning and insufficient focus on management's performance. Ancora Holdings, a major stockholder, is also urging a review of strategic alternatives, believing the current share price is undervalued at over $70.
Ancora Holdings Group, a significant shareholder of Everbridge (NASDAQ: EVBG), announced its intention to withhold support for Chairman Jaime Ellertson and three other Board members at the upcoming Annual Meeting. The firm criticized their track record of poor capital allocation, low shareholder returns, and alarming conflicts of interest. Ancora argues that a sale of Everbridge could yield over $70 per share, a significant premium compared to current prices. They emphasize the need for accountability among these directors for the company's declining stock performance.
Everbridge, Inc. (NASDAQ: EVBG) announced its enterprise IT and cyber resilience solution, xMatters, has been named a Leader and sole Outperformer in the 2022 GigaOm Radar Report for Incident and Task Management Solutions. The report praises xMatters for its advanced features, high customization, and native runbook automation. Everbridge's Digital Operations Platform enables organizations to enhance operational resilience, streamline incident management, and support digital transformation efforts. The recognition underscores Everbridge's commitment to delivering value to customers.
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