The U.S. Army Extends Everbridge Software Solutions to Power JARVISS, the Department of Defense’s (DoD’s) Enterprise System for Threat Visibility

Rhea-AI Summary

Everbridge (NASDAQ: EVBG) announced a new three-year contract with the U.S. Army for its software solutions, including JARVISS, aimed at enhancing threat visibility and information sharing. This contract also extends to two major commands of the U.S. Air Force, specifically the Air Force Materiel Command and Air Force North, to bolster their analytics capabilities. JARVISS is designed to address security threats like terrorism, active shooters, and natural disasters, and has been adapted for COVID-19 support in military operations.

Positive

• New three-year contract with the U.S. Army for JARVISS enhances revenue stability.
• Inclusion of U.S. Air Force commands expands market reach and potential revenue.
• JARVISS addresses critical security threats, positioning Everbridge as a key player in the defense sector.

Negative

• None.

Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), today announced that the U.S. Army signed a new three-year contract for its software solutions to power JARVISS, the U.S. DoD’s enterprise system for threat visibility. The new contract also includes two U.S. Air Force (USAF) major and subordinate commands – Air Force Materiel Command (AFMC) and Air Force North (AFNORTH), which committed to adopting JARVISS to advance their respective threat information sharing and analytics capabilities.

The U.S. Army Extends Everbridge Software Solutions to Power JARVISS (Graphic: Business Wire)

The Joint Analytic Real-Time Virtual Information Sharing System (JARVISS) primarily focuses on antiterrorism and other security threats such as active shooters and natural disasters that might affect DoD operations. Since the outbreak of COVID-19, JARVISS also provides support for { "@context": "https://schema.org", "@type": "FAQPage", "name": "The U.S. Army Extends Everbridge Software Solutions to Power JARVISS, the Department of Defense’s (DoD’s) Enterprise System for Threat Visibility FAQs", "mainEntity": [ { "@type": "Question", "name": "What is the new contract signed by Everbridge with the U.S. Army?", "acceptedAnswer": { "@type": "Answer", "text": "Everbridge signed a three-year contract with the U.S. Army to power the JARVISS software for threat visibility." } }, { "@type": "Question", "name": "How does the new contract with the U.S. Army impact Everbridge?", "acceptedAnswer": { "@type": "Answer", "text": "The contract provides revenue stability and market expansion through collaboration with military branches." } }, { "@type": "Question", "name": "What capabilities does JARVISS offer to the U.S. military?", "acceptedAnswer": { "@type": "Answer", "text": "JARVISS focuses on antiterrorism and security threats, including support for natural disasters and COVID-19." } }, { "@type": "Question", "name": "What are the implications of the JARVISS contract for Everbridge's stock EVBG?", "acceptedAnswer": { "@type": "Answer", "text": "The contract may positively impact Everbridge's stock by enhancing its revenue outlook and establishing its role in defense technology." } } ] }

FAQ

What is the new contract signed by Everbridge with the U.S. Army?

Everbridge signed a three-year contract with the U.S. Army to power the JARVISS software for threat visibility.

How does the new contract with the U.S. Army impact Everbridge?

The contract provides revenue stability and market expansion through collaboration with military branches.

What capabilities does JARVISS offer to the U.S. military?

JARVISS focuses on antiterrorism and security threats, including support for natural disasters and COVID-19.

What are the implications of the JARVISS contract for Everbridge's stock EVBG?

The contract may positively impact Everbridge's stock by enhancing its revenue outlook and establishing its role in defense technology.