(Reuters) -Everbridge said on Monday it would be bought by U.S. private equity firm Thoma Bravo in an all-cash transaction that valued the software company at about $1.5 billion.
Thoma Bravo has offered Everbridge shareholders $28.60 per share held, representing a 20% premium to the stock’s last close.
Everbridge’s shares rose more than 18% premarket.
The company, founded in the aftermath of the 9/11, helps businesses and governments anticipate, mitigate, respond to, and recover from critical events.
Everbridge will become a privately held company after the deal closes, expected in the second quarter.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Sriraj Kalluvila)
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