Tech Company Inital Public Offerings
Everbridge IPO
Everbridge was acquired by . Everbridge shares became public on 9/15/2016.
Transaction Overview
Company Name
Announced On
9/15/2016
Transaction Type
IPO
Amount
$90,000,000
Proceeds Purpose
Although we have not yet determined with certainty the manner in which we will allocate the net proceeds of this offering, we expect to use the net proceeds from this offering for working capital and other general corporate purposes, including investments in sales and marketing in the United States and internationally and in research and development. We also intend to use approximately $10.8 million of the net proceeds to pay (i) all outstanding principal and interest under our revolving line of credit with Western Alliance Bank, which carries a current interest rate of the prime rate, but in no event less than 3.25%, plus 0.75% and terminates in June 2018 and (ii) all outstanding principal and interest under our term loan with Western Alliance Bank, which carries a current interest rate of the prime rate, but in no event less than 3.25%, plus 1.75% and is due and payable in June 2019.
Company Information
Company Status
Publicly-held
Industry
Communications
Mailing Address
25 Corporate Dr. 4th Floor
Burlington, MA 01803
USA
Burlington, MA 01803
USA
Phone
Website
Email Address
Not Recorded
Overview
Everbridge (Nasdaq: EVBG) automates critical communications in an instant to ensure the right people receive the right messages quickly.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Jaime Ellertson
Chief Marketing Officer
Joel Rosen
Chief Technical Officer
Imad Mouline
VP - Engineering
Yuan Cheng
VP - Operations
Scott Burnett
VP - Product Management
Claudia Dent
VP - Product Management
James Totton
VP - Sales
Javier Colado
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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