Home Cyber Critical event management business Everbridge acquires NC4 in $83 million deal

Critical event management business Everbridge acquires NC4 in $83 million deal

by Brian Sims

Everbridge, the specialist in critical event management (CEM) and enterprise safety software applications to help keep people safe and businesses running, has announced the acquisition of NC4, the global provider of threat intelligence solutions that empower businesses, Government organisations and communities to assess and disseminate risk data and information in order to manage and mitigate the impact of critical events.

Combining NC4’s real-time threat intelligence and analyst teams and Everbridge’s existing Global Intelligence Operations Centre (GIOC) analysts and CEM platform creates the industry’s only end-to-end threat assessment and incident communications and management platform for reducing the impact of internal and external threats to people and assets.

Together, NC4 and Everbridge are “providing the most comprehensive solution” for enterprises and Government agencies to reduce the ‘time to know’ that a critical event has occurred through to remediation, all from a single pane of glass.

“With NC4, we’re 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 for organisations, from incident identification through to response, mitigation or, ultimately, avoidance and prevention.”

NC4 combines thousands of “the most trustworthy” data sources with an experienced team of analysts creating the industry’s “leading source” of verified data and hyper local threat intelligence. NC4 generates more than 27,000 geo-targeted alerts and nearly 700 incident reports each day for many of the world’s largest businesses, global organisations and Government agencies, including over 100 of the FORTUNE 500. 

“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’s platform, the breadth of its offerings and the experience of its global team make for a natural fit with NC4. We look forward to aligning with the business to jointly provide organisations with unprecedented visibility into the threats and incidents that can impact people and business.”

Together, Everbridge and NC4 will form a global team of over 950 employees dedicated to delivering innovative and differentiated solutions for CEM. The acquisition includes the NC4 Risk Centre solution and the NC4 brand, as well as NC4’s E Team Emergency Operations Centre software solution. The 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 $83 million 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.

Upon completion, the acquisition is expected to be accretive to Everbridge’s non-GAAP financial results within 12 months. Everbridge will provide further financial details after completion of the entire transaction.

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