Everbridge (EVBG) Comments on Letter From Ancora

Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM) and national Public Warning solutions, today issued the following statement regarding the letter sent to the company by Ancora Holdings.

Everbridge maintains regular and open communication with our investors, and we value all input that advances our shared goal of enhancing shareholder value. As a matter of practice, we do not comment on engagements with individual investors, but we will review Ancora’s perspectives as we do with those of all shareholders.

Everbridge has a strong foundation as a leader in CEM and national Public Warning. Given the recent change in leadership and developments in our business, the Board and management team undertook a comprehensive review of our strategy and operations to ensure Everbridge is best positioned for the future. Going forward, we are taking action to improve on our strategic direction, go-to-market execution and efficiency. Among the actions underway, Everbridge is pursuing the following:

• Pausing material new M&A and focusing on accelerating integration across our existing assets to provide for greater competitive differentiation, product simplification and lower cost;
• Simplifying product offerings to focus on our four strategic critical event management solutions and drive higher productivity over time;
• Leveraging industry-leading win rates to drive land-and-expand opportunities in the public warning market; and
• Conducting a search for a permanent CEO, considering both internal and external candidates.

We are committed to driving shareholder value and, consistent with that commitment, the Everbridge Board of Directors regularly reviews the Company’s strategy against a range of alternatives. We consider all opportunities to enhance shareholder value and will evaluate Ancora’s perspectives through this lens.

We are confident that the actions we are taking today will help Everbridge deliver unmatched solutions to our customers, position our business to drive attractive, sustainable growth with improved profitability, and generate significant value for our shareholders.

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