Everbridge announced on Tuesday that it has acquired IDV Solutions, LLC, a provider of threat assessment and operational visualization software.
According to a statement, the total value of the deal is estimated to be $27.4 million – $18.7 million in cash, with additional time and performance-based cash payments that could total as much an additional $8.7 million. Everbridge said it will provide specific information on the expected impact of the acquisition on its financial results after completing its purchase accounting review.
IDV Solutions, Inc., based in Lansing, Michigan, is a leading provider of threat assessment and visualization solutions for security and operational management. Customers of IDV include Dell, Microsoft, Pfizer, Tiffany & Company and VMWare.
Everbridge said it will be integrating its critical communication platform with Crisis Commander’s mobile response plan and incident management, and IDV’s threat assessment and visualization capabilities to form the industry’s first Critical Event Management (CEM) platform. CEM is designed to provide organizations with one integrated platform for managing the full array of intelligence, coordination, and task execution required to speed the response to the many critical incidents that impact daily operations.
“Many of our over 3,000 corporate and government customers have told us that they are spending hundreds of thousands of dollars supporting separate command centers for security, IT, and supply chain operations, and yet they still struggle to manage the increasing number of critical events affecting their enterprises,” said Jaime Ellertson, CEO, Everbridge. “We believe CEM can provide a unified understanding of these critical events through a common platform that will enable a higher level of situational intelligence and collaboration, ultimately reducing the cost and overall impact to operations.”
“Leveraging Everbridge’s deep and complementary technical capabilities will enhance our ability to provide even more strategic value and expertise to our customers,” said Mark Morrison, CEO, IDV Solutions. “The ability to combine security, supply chain and IT operations threats and incidents in one common view, ensure all the relevant stakeholders are informed and receive feedback from them, have continuous visibility into the status of remediation, and analyze team performance over time to identify bottlenecks and make improvements will greatly enhance the impact of our current solutions.”
Earlier this month, Everbridge announced an acquisition of Crisis Commander to extend the capabilities of the Everbridge Suite and enable mobile collaboration, task assignment and response management during critical events.
