SOURCE: Everbridge

Everbridge

March 18, 2010 09:00 ET

Everbridge Announces Record Growth in 2009

Leading Emergency Notification System Provider Continues Aggressive Customer Acquisition, Technology Prowess and Market Momentum

LOS ANGELES, CA--(Marketwire - March 18, 2010) -  Everbridge, the world's recognized leader in incident notification systems, announced that it continued to drive technology innovation, customer acquisition and communications expertise in 2009, solidifying the company's leadership position within the sector. In addition, the company achieved an average annual growth rate of 130% over the last three years, a figure considerably higher than the industry average, which Gartner calculated at 29 percent for 2009.

"Our market was one of the fortunate industries that experienced growth over the last few tumultuous years, and we continued to outpace our competitors in revenue, market share and customer retention," said Cinta Putra, CEO, Everbridge. "We believe we contributed to this growth by further educating the public and private sectors about the need for emergency notification and successfully differentiating our value proposition. Additionally, by collaborating with our customers, we continued to innovate and expand upon our existing technology and capabilities, raising the bar in the industry."

Additionally in 2009, Everbridge led the market in technology innovation with the launch of its SmartGIS technology solution, the first interactive Web 2.0 platform for emergency notification that enables organizations to target communications to citizens based on preferences, special needs, geography and other criteria.

Everbridge milestones and achievements during 2009 include:

  • 130 percent average annual revenue growth over the last three years
  • Expanded the number of clients by 23 percent in 2009
  • Announced the first and only statewide purchase of an emergency notification system for all the residents of the State of Connecticut
  • Added new customers and expanded business with existing clients including the American Hospital Association (AHA); City of Glendale, CA; University Hospitals; Jackson State University; and the Securities Industry and Financial Markets Association (SIFMA)
  • Partnered with industry leaders including AccuWeather, Syn-Apps, SAFER Systems, NC4 and others, to expand upon Everbridge's offering

The company's growth announcement supports analysts' projections that the emergency/mass notification market is growing fast, with 2009 revenues estimated at $570 million and average revenue growth of 29 percent (see Gartner MarketScope for Emergency and Mass Notification Systems; January 29, 2010). In 2009, Everbridge participated in the review process for Gartner's MarketScope for Emergency and Mass Notification Systems, which culminated with the company receiving a 'Positive' rating when the report was published in early 2010. The report evaluated Everbridge based on criteria ranging from product/service, customer service, partnerships, technology innovation and architecture.

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 in more than 100 countries -- including Salesforce.com, Marathon Oil Corporation, the State of Connecticut, 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

The MarketScope is copyrighted Jan. 29, 2010 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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