Mission Statement, Vision, & Core Values (2024) of Everbridge, Inc. (EVBG)

An Overview of Everbridge, Inc. (EVBG)

General Summary of Everbridge, Inc.

Founded in 2002, Everbridge, Inc. has established itself as a leading provider of critical event management solutions. The company specializes in delivering software applications designed to enhance communication and operational response during emergencies. Everbridge’s product suite includes solutions for mass notification, incident management, and crisis management among others.

As of 2024, Everbridge reported a significant presence in the enterprise software market, serving over 5,800 customers globally, including government entities, healthcare systems, and various large enterprises. In 2023, the company recorded total sales of approximately $300 million, marking a substantial growth trajectory compared to previous years.

Company's Financial Performance

In the latest financial reports for Q4 2023, Everbridge achieved record-breaking revenue of $100 million, representing a year-over-year growth of 25%. This growth was primarily driven by an increase in demand for its core products, particularly in the areas of public safety and emergency management.

The following table highlights Everbridge's financial performance metrics for the latest reporting period:

Introduction to Everbridge as an Industry Leader

Everbridge has positioned itself as one of the foremost companies in the critical communications and event management industry. With innovations that leverage cutting-edge technology, such as Artificial Intelligence and data analytics, Everbridge delivers solutions that empower organizations to respond swiftly and effectively to crises.

The company continues to expand its market footprint through strategic partnerships and acquisitions, enhancing its service offerings and geographical reach. Everbridge's commitment to helping organizations ensure safety and operational continuity speaks to its strong reputation in the industry.

To understand the factors contributing to Everbridge's success, readers are encouraged to explore more about the company's business model and strategic initiatives.

Mission Statement of Everbridge, Inc. (EVBG)

Mission Statement of Everbridge, Inc.

Everbridge, Inc. is committed to providing the world’s leading critical event management solutions. The company's mission statement emphasizes its dedication to connecting organizations with their employees and their communities during emergencies to ensure safety and operational efficiency. This guiding principle aligns with its long-term objectives, focusing on innovation and excellence in service delivery.

Core Component 1: Safety

At the heart of Everbridge's mission is a commitment to safety. This commitment is evidenced by their advanced platform that integrates various communication channels to ensure timely alerts in critical situations.

• In 2022, Everbridge's platform was used to send over 1.2 billion notifications globally.
• The company reported a 20% increase in usage of its safety solutions in 2023 compared to 2022.
• Everbridge has partnered with over 5,000 organizations worldwide, enhancing safety for millions of individuals.

Core Component 2: Connectivity

Connectivity ensures that information flows seamlessly to those who need it most during emergencies. Everbridge’s technology enables real-time communication across multiple platforms, including SMS, email, and social media, reflecting its responsiveness to organizational needs.

• Everbridge's alert system has achieved a 99.9% uptime rate, ensuring reliable communication.
• In 2023, the average response time for organizations using Everbridge's services decreased by 30%.
• According to industry reports, effective connectivity during crises can improve emergency response outcomes by up to 40%.

Core Component 3: Efficiency

Efficiency in operations is vital for Everbridge to deliver optimum critical event management. The company focuses on continuous improvement and innovation, providing integrated solutions that streamline emergency response processes.

• Everbridge achieved a revenue of $236 million in 2022, reflecting a year-over-year growth of 15%.
• In 2023, over 80% of clients reported that Everbridge’s solutions improved their operational efficiency in crisis management.
• Research indicates that organizations using automated emergency response systems can reduce incident resolution time by more than 50%.

Vision Statement of Everbridge, Inc. (EVBG)

Vision Statement Overview

The vision statement of Everbridge, Inc. (EVBG) is centered on fundamentally transforming the way organizations manage critical communications and operational resilience. As of 2024, the core elements underpinning this vision include enabling safety, instilling confidence, and creating a connected community through innovative technology solutions.

Commitment to Safety

Everbridge is committed to enhancing safety across various sectors, aiming to protect both individuals and organizations during critical events. The company emphasizes the importance of timely information dissemination and actionable insights.

In 2023, Everbridge reported a 20% increase in the adoption of their Critical Event Management (CEM) solutions.

Building Confidence

Everbridge's vision emphasizes user confidence through reliable and efficient communication systems during emergencies. The company aims to provide organizations with tools that ensure preparedness and responsiveness.

As of Q2 2023, Everbridge reported that 95% of their clients felt more confident in their emergency response capabilities due to the implementation of their solutions.

Connected Community

The concept of a connected community is central to Everbridge's vision. The company strives to integrate various communication channels and platforms to foster collaboration among various stakeholders.

In 2023, Everbridge connected over 300 million people globally through its communication platform.

Innovation in Technology Solutions

Everbridge's vision encompasses a focus on continual innovation in technology solutions to tackle evolving challenges in critical communications. The company invests heavily in R&D to enhance its product offerings.

In 2023, Everbridge allocated approximately $35 million to research and development initiatives.

Core Values of Everbridge, Inc. (EVBG)

Integrity

Integrity stands at the forefront of Everbridge’s core values, emphasizing the importance of ethical conduct and transparency in all operations. This value ensures that stakeholders can trust the company’s actions and decisions.

In 2023, Everbridge implemented a new Supplier Code of Conduct, which requires all suppliers to adhere to ethical business practices. Compliance is regularly monitored, resulting in a 95% adherence rate among top suppliers.

The company also maintains a robust reporting mechanism, with over 200 employee ethics reports made anonymously through its hotline in 2023, reflecting an engaged workforce committed to upholding company values.

Innovation

Innovation drives Everbridge’s mission to provide cutting-edge solutions for critical event management. It fosters a culture that encourages creativity and the pursuit of new ideas.

In 2023, Everbridge invested $30 million in research and development, leading to the launch of its new AI-driven analytics platform, which improves response times by over 30% during critical incidents.

The company also holds an annual Innovation Challenge, where employees can propose new product ideas, resulting in the introduction of 5 new services in the last year.

Collaboration

Collaboration is essential at Everbridge for achieving synergy and enhancing team performance. This value supports cross-departmental teamwork and builds strong relationships with customers.

In 2023, Everbridge introduced a collaborative platform that integrates tools across departments, increasing project efficiency by 25%. Additionally, the company hosted 12 collaborative training workshops for its employees, which received a satisfaction rating of 92%.

Customer Commitment

Customer Commitment is a fundamental value, ensuring that Everbridge prioritizes the needs and safety of its clients. This dedication is evident in the company’s customer support initiatives.

Everbridge achieved a 98% customer satisfaction rate in 2023, supported by a newly rolled-out 24/7 customer support system. The company also actively engages with customers through annual feedback surveys, with over 1,500 responses collected in the last cycle.

Accountability

Accountability underscores Everbridge’s commitment to taking responsibility for its actions and ensuring that all employees are held to high standards of performance.

In 2023, Everbridge established a new performance management system that tracks employee contributions, achieving a participation rate of 100% among eligible staff. The company also reported a 15% reduction in operational errors compared to the previous year, attributed to increased accountability measures.