SOURCE: Everbridge

Everbridge

September 12, 2011 12:00 ET

Everbridge Announces Acquisition of CloudFloor

Notification Market Leader Acquires Next-Gen Technology Innovator

LOS ANGELES, CA--(Marketwire - Sep 12, 2011) - Everbridge, the world's recognized leader in incident notification systems, today announced that it has acquired Massachusetts-based CloudFloor® Corporation, a prominent provider of cloud solutions that manage and optimize enterprise cloud operations. The acquisition further establishes Everbridge as the leading innovator in the incident notification solutions market. The terms of the acquisition were not disclosed.

CloudFloor's CloudControl solutions and expertise enable applications to scale securely to nearly infinite levels and achieve unparalleled reliability while reducing costs when compared to traditional enterprise infrastructure implementations. Everbridge plans to incorporate the cloud infrastructure technology and acumen of CloudFloor with their industry-leading notification products to deliver next-generation technology built to exceed modern expectations.

"I am very excited about the new opportunities that the acquisition of CloudFloor's talented team and their innovative technology creates," said Cinta Putra, Everbridge co-founder. "This addition will further cement our leadership role in the industry, and I am excited for Everbridge clients who will benefit from the newly combined entities' ability to deliver the next big leap in notification technology."

As aptly stated on the cover of Newsweek's April 2011 edition, "Tsunamis. Earthquakes. Nuclear Meltdowns. Revolutions," the increasing number and frequency of crises worldwide is growing, creating an absolute requirement for organizations to implement and manage emergency communication systems. Compounding this situation is an explosion in the number of devices and communication channels -- from email to text messaging to mobile phones, home phones and more -- that is rapidly accelerating the demand for highly-scalable and reliable notification solutions.

Everbridge's acquisition of CloudFloor will enhance the company's market leading Everbridge Aware™, Everbridge SmartGIS™ and Everbridge Matrix™ solutions to meet the growing customer need for faster, more reliable and more cost-effective notification solutions. The acquisition will further accelerate Everbridge's growth by expanding the company's operational footprint to include new East Coast, European and Asian offices, increasing the company's financial resources and adding significant management talent to the Everbridge team.

As part of the acquisition, CloudFloor's CEO, Jaime Ellertson, has been appointed CEO of the combined organization. A serial entrepreneur, Mr. Ellertson served as the CEO of Gomez Inc. from 2005 to 2010. He led the company through a period of rapid growth and market domination, until the sale of Gomez to Compuware Corporation in October of 2009. Prior to Gomez, he served as the Chief Executive Officer, President and a director of S1 Corporation, a software provider to the financial services marketplace from 2000 to 2005. From 1997 to 2000, he orchestrated the highly successful turnaround of public software provider Interleaf Inc., Under his leadership as Chief Executive Officer and Chairman of the Board, Interleaf Inc. saw its public market capitalization increase over 5,000% culminating in its acquisition by Broadvision Inc. in April 2000.

"I'm excited to join and lead the market leader in notification solutions," stated Jaime Ellertson, Chief Executive Officer of Everbridge. "We believe that this acquisition provides us the opportunity to deliver game-changing new solutions to the incident notification marketplace by combining Everbridge's superior reputation for delivering industry-leading notification services with CloudFloor's technology, global reach and engineering team."

In 2010, Everbridge received the highest issued rating in Gartner's report entitled "MarketScope for Emergency and Mass Notification Services." The Everbridge system is used regularly by our customers to securely communicate critical information to more than 25 million people worldwide.

About Everbridge
Everbridge, the world's recognized leader in incident notification systems, merges technology with industry expertise to help millions of people communicate in a crisis, manage operational incidents and connect on a daily basis. The company's notification platform and incident lifecycle communications model makes communicating to many as simple and effective as communicating to one. Organizations and civilian agencies in more than 100 countries -- including the State of Connecticut, Salesforce.com, Marathon Oil Corporation, the American Red Cross, and Virginia Tech -- rely on Everbridge for their emergency notification and day-to-day communication needs. For more information about Everbridge, visit www.everbridge.com

About CloudFloor, an Everbridge Inc. company
Founded in 2010, CloudFloor is a Massachusetts-based technology start-up that provides solutions that manage and optimize cloud operations based on business metrics. The company has recently been acquired by incident management leader Everbridge and has received financing from London-based Doughty Hanson Technology Ventures and New York-based Dolphin Equity. For further information, please visit www.cloudfloor.com.

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