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Everbridge (NASDAQ: EVBG) has announced a groundbreaking collaboration with Howden to merge public safety technology with parametric insurance. This partnership aims to help governments, NGOs, and charities manage the entire lifecycle of catastrophic events. By integrating Everbridge’s Critical Event Management technology with Howden's insurance services, funds can be mobilized rapidly during emergencies through pre-arranged capital triggered by specific events. This innovative approach is expected to significantly enhance disaster response efforts and resilience against climate-related risks.
Everbridge, Inc. (NASDAQ: EVBG) has solidified its position as the global leader in public warning systems by securing contracts in multiple countries, including Spain, the Netherlands, and Estonia, to enhance national alert systems. The company's innovative Public Warning Center solution won the Gold Globee® Award for product excellence—recognizing its status as a pioneering hybrid alerting technology. Over 6,000 global customers rely on Everbridge's Critical Event Management Platform to ensure safety during emergencies, demonstrating its extensive reach and influence in the crisis management sector.
Everbridge, a leader in Critical Event Management (CEM), announced its new Travel Risk Management solution at the Global Business Travel Association (GBTA) Convention 2021 in Orlando, Florida. This next-gen solution enhances its CEM platform, providing integrated risk management for organizations to ensure the Duty of Care for remote and traveling employees. With over 20 years in the industry, Everbridge supports 6,000+ enterprise clients and aims to meet ISO 31030 standards, enhancing safety and operational resilience in business travel.
Everbridge reported third-quarter 2021 revenues of $96.7 million, marking a 36% increase year-over-year. The company's performance exceeded guidance for both revenue and profitability. Despite this growth, GAAP net loss widened to $(28.7 million), translating to a net loss per share of $(0.75), compared to $(0.70) in Q3 2020. Everbridge raised its guidance for full-year revenue to $367.6 to $367.8 million and expects continued demand for its Critical Event Management and Public Warning solutions.
Everbridge (NASDAQ: EVBG) announces an expanded partnership with Cisco to enhance its Enhanced 911 (E911) solutions integrated into Cisco’s Webex Calling and UCM Cloud platforms. This integration aims for 100% compliance with federal regulations like Kari’s Law and RAY BAUM’s Act, ensuring that accurate location information is provided during emergency calls. This collaboration leverages RedSky's technology, enabling organizations to improve emergency response and comply with evolving safety mandates. The deadline for U.S. compliance is January 6, 2022.
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Everbridge (NASDAQ: EVBG) announces its participation as a Gold Sponsor at the AfricaTech Festival 2021, taking place from November 8-12. The event focuses on digital transformation across Africa, attracting over 12,000 tech experts from 120 countries. Everbridge will showcase its Critical Event Management solutions aimed at enhancing public safety and resilience during crises. Notable presentations include strategies for protecting critical infrastructure and population alerting technology. The company’s platform safeguards over 2 billion global citizens, highlighting its leadership in public warning solutions.
Everbridge, a leader in critical event management, has been selected to deploy a Nationwide Public Alert System in location value="LC/es"Spain. This system is designed to ensure the safety of over 120 million residents and visitors through mobile network operators, reaching 99% of the population. Funded by the EU Recovery Plan, this deployment complies with an EU mandate for modern alert systems by June 2022. The use of Everbridge's technology positions them as a global leader in public warning solutions, already serving numerous countries and cities worldwide.
Comerica Bank has achieved the Best in Enterprise Resilience™ Certification Gold Tier from Everbridge, recognizing its robust Critical Event Management (CEM) program. This certification marks Comerica's commitment to readiness and resilience during critical events, following a thorough evaluation of its systems. The assessment highlighted strengths in Data & Analytics, Digital Transformation, Smart Process Automation, and Communication & Collaboration. As of September 30, 2021, Comerica reported total assets of $94.5 billion.
Everbridge (NASDAQ: EVBG) has been chosen by the Netherlands to enhance its NL-Alert system with a comprehensive Public Warning solution, safeguarding 17.5 million residents and tourists. This contract follows recent public safety successes in the UK, Estonia, and multiple other countries. Everbridge's solution utilizes a multi-channel approach, enabling alert distribution through cell broadcasting and digital signage, compliant with GDPR. This expansion solidifies Everbridge's leadership in global population alerting, operating in various regions including EMEA, APAC, and the Americas.