Thoma Bravo has announced the completion of its acquisition of Everbridge, a global leader in critical event management and national public warning solutions, in an all-cash transaction valued at approximately $1.8 billion.

According to the company, with the completion of the transaction, Everbridge stockholders are entitled to receive $35 per share in cash for each share of common stock they owned.

Its common stock has ceased trading and will be delisted from Nasdaq.

“An increasingly complex threat landscape”

“We are thrilled to begin our next chapter alongside Thoma Bravo,” said David Wagner, President and CEO of Everbridge.

“We share a common vision for the future… that we expect will see us strengthen and grow our platform, further enable product innovation and invest in our talented team.

“As part of Thoma Bravo, we believe we will be better able to advance our mission of helping our customers navigate an increasingly complex threat landscape and drive accretive, long-term growth for our company.”

“In a fast-changing and increasingly complex world, Everbridge’s products and services are more relevant than ever for business leaders globally,” said Matt LoSardo, Principal at Thoma Bravo.

“Thoma Bravo has deep expertise within the risk, compliance and safety space, and we are excited to leverage that to help Everbridge advance its mission, better serve its customers and accelerate its growth.”