- Everbridge CEO David Wagner to preside over the opening of the
Nasdaq Stock Market, today, March 20th
- Critical Event Management (CEM) market-leader commemorates its
20th Anniversary of Keeping People Safe and Organizations RunningTM
, empowering resilience for enterprises and government
organizations around the world
- Independent study finds Everbridge CEM technology leads to
significant business benefits and cost savings for
organizations
Everbridge, Inc. (Nasdaq: EVBG), the global leader in critical
event management (CEM) and national public warning solutions, today
announced the evolution of its corporate brand and the
commemoration of its 20-year anniversary of empowering resilience.
As part of announcing its brand evolution, Everbridge CEO David
Wagner will preside over today’s Opening of the Nasdaq Stock
Market.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230320005281/en/
A live webcast of the Nasdaq Opening Bell is available at:
https://livestream.com/accounts/27896496/events/10783939.
“20 years ago, our founders helped pioneer the critical
communications industry,” stated Wagner. “Since that time,
Everbridge has built a category-leading platform for saving lives
and optimizing business continuity. The evolution of our brand
represents our commitment to the next 20 years, empowering
enterprises and government organizations alike with the ability to
anticipate, mitigate, respond to, and recover stronger from
incidents of all kinds – physical and digital. In an increasingly
unpredictable world, resilient organizations minimize impact to
people and operations, absorb stress, and return to productivity
faster when deploying critical event management technology. I am
proud of our ongoing commitment to empowering resilience for
organizations around the world.”
Company findings in a February 2023 commissioned study conducted
by Forrester Consulting highlight the importance of CEM for
organizations today. The Forrester study titled The Total Economic
Impact™ of Everbridge Critical Event Management reveals
organizations that use Everbridge’s platform were significantly
better equipped with the capabilities and resources to effectively
respond to and contain critical events, allowing them to better
protect employees, company assets, and business processes.
The Forrester study states: “Organizations today continue to
face major events that have the potential to disrupt business
operations and threaten employee safety. From civil unrest to
severe weather, organizations need a process to monitor, assess,
and efficiently communicate and respond to all types of threats
that could impact them. The Everbridge Critical Event Management
platform helps teams efficiently identify, communicate, and respond
to events affecting employees and company assets.”
Demonstrating a 358% return on investment (ROI), resilient
organizations highlighted that deploying Everbridge CEM allows “the
composite organization to maintain business operations as it can
react faster to unplanned business interruptions and get
information to appropriate teams to resume operations and decrease
the impact of critical events.”
The study also highlighted decreased costs from IT downtime.
With increasingly complex IT environments, the composite
organization’s IT teams “need intelligent alerting to react
efficiently. Implementing CEM, the composite’s IT teams improve
workflow and ensure teams are aware of issues and can quickly and
easily collaborate to remediate them.”
Companies interviewed for the Forrester study confirmed the
following quantifiable benefits:
- Reduced losses from business interruption
- Lowered costs from IT downtime
- Decreased losses from property damage
- Averted costs of lost employee productivity
- Increased security team productivity through freed up time for
higher-value tasks
According to resiliency research by Boston Consulting Group
(BCG), crises often widen the gap between top and bottom performers
with about 30% of a company’s long-run relative total shareholder
return (TSR) driven by how it performs during crises.
“When a critical incident occurs, it is the ability of an
organization to respond quickly and effectively that creates a
sharper resiliency curve,” said David Alexander, CMO at Everbridge.
“The ability to anticipate and recover from critical events served
as the inspiration for our evolved brand and is core to our mission
of keeping people safe and organizations running.”
Continued Alexander, “As we take this next step as a company, we
want to use this as an opportunity to make sure that the message
and value we provide to our customers is aligned to our commitment
to provide world-class solutions for digitizing organizational
resilience.”
Helping organizations empower resilience was the catalyst of
Everbridge’s Best in Resilience™ Certification Program providing a
unique standards framework for assessing an organization’s overall
resilience. Everbridge leverages its 20 years of professional
services engagements in over 150 countries to offer businesses and
government agencies an end-to-end methodology for evaluating
resilience when confronted with critical events.
Organizations such as Takeda, Dow, Discover, Humana, Siemens,
Alexion, dentsu, NBCUniversal, Exact Sciences, Johnson Controls,
and Medtronic have become certified organizations. A 2022 survey of
certified organizations found that 98% feel optimistic about
building resilience against critical events in the future.
To access media assets related to the evolved Everbridge brand,
go to: https://brandfolder.com/everbridge/media-kit
Incorporated in 2002, Everbridge has been listed on the Nasdaq
since September of 2016.
About Everbridge
Everbridge (Nasdaq: EVBG) empowers enterprises and government
organizations to anticipate, mitigate, respond to, and recover
stronger from critical events. In today’s unpredictable world,
resilient organizations minimize impact to people and operations,
absorb stress, and return to productivity faster when deploying
critical event management (CEM) technology. Everbridge digitizes
organizational resilience by combining intelligent automation with
the industry’s most comprehensive risk data to Keep People Safe and
Organizations Running™. For more information, visit
https://www.everbridge.com/, read the company blog, and follow on
Twitter. Everbridge… Empowering Resilience.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the anticipated opportunity and trends for
growth in our critical communications and enterprise safety
applications and our overall business, our market opportunity, our
expectations regarding sales of our products, our goal to maintain
market leadership and extend the markets in which we compete for
customers, and anticipated impact on financial results. These
forward-looking statements are made as of the date of this press
release and were based on current expectations, estimates,
forecasts and projections as well as the beliefs and assumptions of
management. Words such as “expect,” “anticipate,” “should,”
“believe,” “target,” “project,” “goals,” “estimate,” “potential,”
“predict,” “may,” “will,” “could,” “intend,” variations of these
terms or the negative of these terms and similar expressions are
intended to identify these forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond our control. Our actual results could differ materially
from those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: the ability of our
products and services to perform as intended and meet our
customers’ expectations; our ability to successfully integrate
businesses and assets that we may acquire; our ability to attract
new customers and retain and increase sales to existing customers;
our ability to increase sales of our Mass Notification application
and/or ability to increase sales of our other applications;
developments in the market for targeted and contextually relevant
critical communications or the associated regulatory environment;
our estimates of market opportunity and forecasts of market growth
may prove to be inaccurate; we have not been profitable on a
consistent basis historically and may not achieve or maintain
profitability in the future; the lengthy and unpredictable sales
cycles for new customers; nature of our business exposes us to
inherent liability risks; our ability to attract, integrate and
retain qualified personnel; our ability to maintain successful
relationships with our channel partners and technology partners;
our ability to manage our growth effectively; our ability to
respond to competitive pressures; potential liability related to
privacy and security of personally identifiable information; our
ability to protect our intellectual property rights, and the other
risks detailed in our risk factors discussed in filings with the
U.S. Securities and Exchange Commission (“SEC”), including but not
limited to our Annual Report on Form 10-K for the year ended
December 31, 2022 filed with the SEC on February 24, 2023 and other
subsequent filings with the SEC. The forward-looking statements
included in this press release represent our views as of the date
of this press release. We undertake no intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. These
forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of
this press release.
All Everbridge products are trademarks of Everbridge, Inc. in
the USA and other countries. All other product or company names
mentioned are the property of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230320005281/en/
Everbridge:
Jeff Young Media Relations jeff.young@everbridge.com
781-859-4116
Nandan Amladi Investor Relations nandan.amladi@everbridge.com
617-665-7197
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