Deals
Software Firm Everbridge Is Exploring Potential Sale
- Potential buyers include private equity and industrial firms
- Stock rises more than 17% in late trading in New York
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Everbridge Inc., an enterprise software company, is exploring strategic options including a sale, according to people with knowledge of the matter. The stock rose more than 17% in after-market trading.
The Burlington, Massachusetts-based company is working with an adviser, said the people, who asked to not be identified because the talks are private. Potential buyers could include industrial companies and private equity firms, the people said. Deliberations are ongoing and Everbridge could still decide to remain independent, they added.