Everbridge completes NC4 acquisition

Everbridge has completed its acquisition of threat intelligence solutions provider NC4, creating an end-to-end critical event management and threat assessment platform for business continuity.

NC4 combines thousands of data sources with a team of analysts creating a source of verified data and local threat intelligence. It generates more than 27,000 geo-targeted alerts and nearly 700 incident reports each day for some of the world’s largest organisations.

“With NC4, we are adding the industry leader in threat intelligence, making Everbridge one of the largest providers of data for enterprise security and operations in the world,” said David Meredith, CEO of Everbridge. “NC4 offers the most comprehensive threat data in the industry and this acquisition dramatically expands the overall situational awareness Everbridge will provide organisations, from incident identification to response, mitigation or ultimately, avoidance and prevention.”

“Verified sources and analysis eliminate the noise and enable us to generate the most impactful information while eliminating false positives,” said Karl Kotalik, President and CEO of NC4. “It takes the best of both worlds, machine learning and AI-enabled incident collection and human analysis, to generate the most meaningful intelligence."

Everbridge and NC4 together form a global team of over 950 employees. The acquisition includes the NC4 Risk Center solution and the NC4 brand, as well as NC4’sE Team Emergency Operations Center software solution. Other NC4 products, including Celerium solutions for cyber security and Street Smart for law enforcement, will continue with the current owner.

The aggregate consideration paid by Everbridge was approximately US$83m in cash and Everbridge stock. While the largest business component has been closed, additional components are not expected to be closed until the end of the third quarter. The acquisition, upon completion, is expected to be accretive to Everbridge’s non-GAAP financial results within twelve months.

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