M&A Deal Summary

Everbridge Acquires xMatters

On April 6, 2021, Everbridge acquired software company xMatters from Goldman Sachs Merchant Banking for 240M USD

Acquisition Highlights
  • This is Everbridge’s 4th transaction in the Software sector.
  • This is Everbridge’s largest (disclosed) transaction.
  • This is Everbridge’s 7th transaction in the United States.
  • This is Everbridge’s 3rd transaction in California.

M&A Deal Summary
Date 2021-04-06
Target xMatters
Sector Software
Buyer(s) Everbridge
Sellers(s) Goldman Sachs Merchant Banking
Deal Type Add-on Acquisition
Deal Value 240M USD
Advisor(s) William Blair (Financial)

Target

xMatters

San Ramon, California, United States
xMatters, Inc. is a provider of automated event notification and resolution software, as well as business continuity solutions. xMatters was formed in 2000 and is based in San Ramon, California.

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Buyer(S) 1

Buyer

Everbridge

Burlington, Massachusetts, United States
Category Company
Founded 2002
Sector Internet Software and Services
Employees1,713
Revenue 432M USD (2022)
DESCRIPTION

Everbridge offers web-based emergency and incident notification solutions for organizations to prepare and communicate during emergencies. Everbridge was founded in 2002 and is based in Burlington, Massachusetts.

DEAL STATS #
Overall 12 of 13
Sector (Software) 4 of 5
Type (Add-on Acquisition) 12 of 13
State (California) 3 of 3
Country (United States) 7 of 8
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-23 One2many B.V.

Deventer, Netherlands

One2many B.V. is a global provider of cell broadcast solutions for safety applications to provide a mobile-optimized, full-lifecycle solution for meeting and exceeding EU regulatory and other global initiatives for countrywide population alerting. One2many was formed in 2007 and is based in Deventer, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Infinite Blue

Audubon, Pennsylvania, United States

Infinite Blue provides a comprehensive low-code development platform and enterprise applications for the BC/DR industry. Infinite Blue is trusted by independent software vendors and enterprises across the globe. Infinite Blue was founded in 2013 and is headquartered in Audubon, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 93 of 110
Sector (Software) 8 of 10
Type (Add-on Acquisition) 29 of 37
State (California) 5 of 6
Country (United States) 67 of 78
Year (2021) 4 of 15
Size (of disclosed) 27 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Trackunit

Aalborg, Denmark

Trackunit is specialized in telematics solutions for all sizes of fleets across a wide range of industries. Its solutions meet the challenges and exacting demands of leading businesses world-wide, from the transport and service sectors to rental companies and the construction industry. Trackunit was founded in 1998 and is based in Aalborg, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 Trader Interactive

Virginia Beach, Virginia, United States

Trader Interactive is a provider of online marketplaces and digital marketing products serving the lifestyle vehicles and commercial equipment segments. Trader Interactive is based in Virginia Beach, Virginia.

Sell -
Mergr

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