Everbridge, Inc. (EVBG): history, ownership, mission, how it works & makes money

A Brief History of Everbridge, Inc. (EVBG)

Founding and Early Years

Everbridge, Inc. was founded in 2002 in Glendale, California. It was established by a group of entrepreneurs aiming to provide a critical communication platform for governments and organizations.

Initially, Everbridge focused on helping organizations manage communication during emergencies and crisis situations.

Acquisitions and Growth

Over the years, Everbridge has expanded through several strategic acquisitions:

• In 2015, Everbridge acquired the global mass notification company, Nixle, enhancing its public alert capabilities.
• In 2017, the acquisition of Emergency Communications Network (ECN) expanded Everbridge's offerings to municipalities and public safety agencies.
• In 2018, Everbridge acquired Regroup Mass Notification for approximately $18 million to further broaden its notification services.
• In 2020, Everbridge announced the acquisition of Vigilant Solutions, a public safety software provider, for $73 million.

Financial Performance

Everbridge went public in September 2016, raising approximately $100 million in its initial public offering (IPO). As of the end of 2022, Everbridge reported:

Market Position and Use Cases

Everbridge serves over 5,000 customers worldwide, including more than 1,400 U.S. municipalities. Its platform is used for:

• Emergency notifications and alerts
• Business continuity planning
• Workplace safety
• Public safety communications

Recent Developments

In 2023, Everbridge reported a shift in operational strategy emphasizing enhanced product development and customer engagement.

The company launched new features aimed at improving the user experience and expanding its market reach.

As of Q3 2023, Everbridge has been actively focusing on integrating artificial intelligence into its notification systems to offer more tailored communication solutions.

Stock Performance

Everbridge's stock (EVBG) performance has experienced fluctuations since its IPO. As of October 2023, the stock price stood at:

Strategic Vision and Future Goals

Everbridge aims to enhance its global presence and develop innovative solutions to meet the evolving needs of communication in crisis situations.

The company anticipates substantial growth in the next five years, focusing on public safety and enterprise resilience as primary growth areas.

A Who Owns Everbridge, Inc. (EVBG)

Ownership Structure

Everbridge, Inc. (Ticker: EVBG) has a diverse ownership structure that includes institutional investors, insider ownership, and individual investors. As of the most recent data, the breakdown of ownership is as follows:

Institutional Ownership

Institutional investors play a significant role in the ownership of Everbridge. The largest institutional shareholders include:

Insider Ownership

Insider ownership also comprises a portion of Everbridge's equity. Notable insiders include:

Recent Stock Performance

As of October 2023, Everbridge's stock performance reflects market dynamics:

Historical Ownership Trends

The historical trends in ownership of Everbridge indicate changes over time, particularly with institutional holdings:

Conclusion on Ownership Characteristics

The ownership characteristics of Everbridge highlight the prominence of institutional investors, the strategic stakes held by insiders, and the overall market positioning of the company within its sector.

Everbridge, Inc. (EVBG) Mission Statement

Mission Overview

Everbridge, Inc. is committed to ensuring the safety and security of individuals, businesses, and communities through its robust communication and alert systems. The company operates within the critical event management sector, providing software solutions designed to monitor, respond to, and mitigate risks associated with various emergencies.

Core Values

• Customer Focus: Placing clients' needs at the forefront of operational strategies.
• Innovation: Continuously improving technology for effective communication.
• Integrity: Upholding ethical standards and transparency in all dealings.
• Collaboration: Fostering teamwork among stakeholders for enhanced service delivery.

Financial Overview

As of the latest fiscal year ending 2022, Everbridge reported the following financial highlights:

Market Position

Everbridge has positioned itself as a leader in the critical event management market, experiencing consistent growth as evidenced by its year-over-year revenue increase. The global critical event management market size was valued at approximately $85 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 10% from 2022 to 2030.

Investment in Technology

To fulfill its mission, Everbridge continues to invest heavily in technology. In 2022, the company dedicated approximately $44 million to research and development, focusing on enhancements in artificial intelligence and machine learning capabilities within their platform.

Client Base and Usage

As of 2023, Everbridge serves over 5,500 clients globally, including:

• Government agencies
• Healthcare organizations
• Educational institutions
• Corporate enterprises

These clients utilize Everbridge's platform for various applications, including emergency response, risk management, and communication solutions.

Strategic Partnerships

Everbridge collaborates with multiple organizations to enhance its services, including:

• IBM for advanced data analytics
• Amazon Web Services for cloud infrastructure
• Optimum for telecommunications services

Recent Developments

In 2023, Everbridge expanded its offerings by introducing a new product line focused on cyber incident management in response to increasing global cybersecurity threats. This initiative aims to address the growing need for organizations to prepare and respond promptly to cyber incidents, enhancing overall resilience.

How Everbridge, Inc. (EVBG) Works

Company Overview

Everbridge, Inc. is a global software company that specializes in critical event management and communication solutions. The company primarily operates in the software industry, providing services that help organizations manage critical events effectively.

Business Model

Everbridge operates on a SaaS (Software as a Service) model, offering various subscription-based solutions that focus on:

• Critical Event Management
• Emergency Communication
• IT Alerting
• Workforce Management

Financial Performance

According to the latest financial reports, Everbridge, Inc. has demonstrated robust revenue growth. For the fiscal year 2022, Everbridge reported:

• Total Revenue: $335.3 million
• Year-over-Year Growth: 24.2%
• Net Loss: $66.1 million

Market Presence

Everbridge operates in various sectors, including:

• Healthcare
• Government
• Education
• Transportation

As of 2023, the company serves over 6,500 clients globally.

Key Products and Services

Everbridge offers a variety of key products and solutions, which include:

Recent Developments

In the past year, Everbridge has acquired several companies to enhance its service offerings:

• Everbridge acquired Everbridge Canada in 2023
• Acquired a significant minority stake in a cybersecurity firm to bolster its IT Alerting capabilities

Stock Performance

As of October 2023, Everbridge, Inc.'s stock (EVBG) trades at approximately $18.00 per share. The company has experienced volatility in its stock price, with a 52-week range of:

• 52-Week High: $24.22
• 52-Week Low: $14.60

Client Base and Reach

Everbridge has established a strong client base, which includes Fortune 500 companies, government agencies, and healthcare providers. The company's reach extends across:

• North America
• Europe
• Asia-Pacific

Strategic Partnerships

Everbridge has formed strategic partnerships with leading technology and service providers to enhance its offerings:

• Partnership with Microsoft Azure
• Collaboration with Palantir Technologies

Future Outlook

Analysts project strong growth potential for Everbridge, forecasting a compound annual growth rate (CAGR) of approximately:

• 25% through 2025

This indicates a favorable market position and demand for critical event management solutions.

How Everbridge, Inc. (EVBG) Makes Money

Overview of Revenue Streams

Everbridge, Inc. primarily generates revenue through its software solutions, offering services in critical event management and incident communication across various sectors.

Subscription-Based Model

A significant portion of Everbridge's revenue comes from subscription services. As of Q2 2023, the company reported:

Sector Diversification

Everbridge serves multiple industries. The revenue breakdown by sector as of 2022 is as follows:

Key Products and Services

Everbridge offers several key products that contribute to its revenue:

• Critical Event Management
• Mass Notification
• IT Alerting
• Emergency Communication
• Safety Connection

Annual Recurring Revenue (ARR)

As of December 31, 2022, the company reported an Annual Recurring Revenue (ARR) of:

International Expansion

Everbridge has been expanding its reach internationally, with the following statistics:

• Presence in over 200 countries
• International revenue contributing approximately 20% to total revenue

Revenue Growth

Everbridge has demonstrated consistent revenue growth. The revenues for the past three years are:

Customer Base

As of Q2 2023, Everbridge served over:

• 6,500 customers
• Including more than 1,000 federal, state, and local government agencies

Profitability and Financial Metrics

For the full year ending 2022, Everbridge reported: