Livingstone’s Media & Technology team is pleased to announce the sale of IDV Solutions, LLC (“IDV” or “Company”), a portfolio company of Plymouth Ventures, to Everbridge, Inc. (NASDAQ: EVBG). Livingstone served as the exclusive financial advisor to IDV. IDV, founded in 2004, is a leading provider of threat assessment and operations visualization software.
The Company’s primary product, Visual Command Center (“VCC”), displays an integrated picture of external threats and events overlaid with an organization’s people, assets, and supply routes, along with other contextual information to enable timely assessment and operational response. VCC improves an organization’s ability to more quickly understand and assess the impact of threats, execute the correct response, and monitor on-going resolution in order to mitigate risk to personnel safety, business continuity, assets and supply chain operations.
Everbridge Inc., is a global software company that provides critical communications and enterprise safety applications that enable customers to automate and accelerate the process of keeping people safe and businesses running during critical events. IDV’s VCC application will form a key component of the industry’s first Critical Event Management TM (CEM) platform for dynamically assessing, responding to, and managing the resolution of the wide range of threats and disruptions which impact organizations’ daily operations.
IDV Chief Executive Officer Mark Morrison said, “Leveraging Everbridge’s deep and complementary technical capabilities will enhance our ability to provide even more strategic value and expertise to our customers. The ability to combine security, supply chain and IT operations threats and incidents in one common view, ensure all the relevant stakeholders are informed and receive feedback from them, have continuous visibility into the status of remediation, and analyze team performance over time to identify bottlenecks and make improvements will greatly enhance the impact of our current solutions.”
Livingstone Managing Director Andrew Bozzelli commented, “The sale of IDV represents another outstanding outcome for our technology practice. The IDV team, aided by the guidance and support of Plymouth Ventures, has truly built a differentiated platform. We are excited about the future of IDV and Everbridge, as together they are in excellent position to further capitalize on the growing importance of managing operational risk.”
IDV marks the 13th Media & Technology transaction closed by Livingstone in the last 12 months, and continues the string of successful security-related transactions, following the recent sale of CSL to Iconiq. Much Shelist, P.C. served as legal counsel to IDV.