GrowthPoint Acted as Exclusive Financial Advisor to CNL Software on its Acquisition by Everbridge

CNL Software is the leading global provider of physical security information management (PSIM) platform software.

Burlington, MA – Everbridge, the global leader in critical event management (CEM) will broaden its support for PSIM and IoT applications for corporate, government and healthcare organizations and enhance Everbridge’s enterprise risk management approach with the acquisition of CNL Software.

The Everbridge CEM platform will feature a new IoT extension module that will leverage the technology of CNL Software, enabling organisations to gather a broader range of situational intelligence and automate targeted responses throughout their entire safety, security, and operational continuum from across a global footprint to within campuses and facilities.

“The CEM platform monitors threat data streams continuously, alerts stakeholders when there is a relevant issue, and automatically orchestrates a coordinated response—it is always on,” said Imad Mouline CTO of Everbridge.

With the number of IoT devices expected to approach 75 billion by 2025, the Everbridge CEM platform enables organisations to utilise vast amounts of electronic data, including IoT sensors, to digitally transform how customers manage safety and security. The CNL transaction will enhance Everbridge’s technology growth strategy and expansion outside the United States. 

With the team led by Anson Kwan, Growthpoint acted as the sole financial advisor to CNL Software.

About CNL Software

CNL is the leading global provider of physical security information management (PSIM) platform software. Over the last 15 years, CNL’s award winning IPSecurityCenter™ PSIM platform has been deployed to secure major cities, military installations, and government buildings; keep transportation facilities and networks operational and the people that rely on them safe; protect public and private critical infrastructure; and to help many large public and private corporations protect employees, property, and assets and manage risk. CNL holds a host of industry accreditations including List N from the Office for Nuclear Regulation. The company operates from three regional offices in the UK, USA and Middle East where CNL has sold, implemented, and support hundreds of operational IPSecurityCenter systems on six continents. cnlsoftware.com

About Everbridge

Everbridge (NASDAQ: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyber-attacks or other incidents such as product recalls or supply-chain interruptions, over 5,000 global customers rely on the company’s Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication devices, and track progress on executing response plans. 

To view the official press release, click here.