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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Everbridge Inc    EVBG

EVERBRIDGE INC

(EVBG)
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Everbridge : David Meredith Appointed as Everbridge Chief Executive Officer

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06/19/2019 | 05:30am EDT

Everbridge, Inc. (EVBG), the global leader in critical event management and enterprise safety software applications to help keep people safe and businesses running, today announced the appointment of David Meredith as Chief Executive Officer and member of the Everbridge Board of Directors, effective July 15, 2019. Meredith brings over 25 years of executive leadership experience across leading multi-billion-dollar cloud managed services providers and software companies, having most recently served as Chief Operating Officer at Rackspace. Meredith succeeds long-time CEO Jaime Ellertson who is transitioning to the role of Executive Chairman of the Everbridge Board.

I am thrilled to welcome David as the new CEO of Everbridge, said Ellertson. David has an extensive background scaling category-leading software-as-a-service and infrastructure providers, demonstrating a strong record of corporate growth, customer satisfaction and employee engagement. Last June, we announced our intent to identify and retain an executive who could lead our business through the next stage of growth to $1 billion in annual revenue, and I am confident that Davids experience and proven leadership skills make him the perfect choice for this role.

As COO of Rackspace, Meredith helped lead the transformation from managed hosting to a multi-cloud ITaaS provider recognized as a Leader by the 2019 Gartner Magic Quadrant for Worldwide Public Cloud Infrastructure. Meredith served during a period of growth which included the integration of the largest acquisition in the companys history.

Prior to Rackspace, Meredith served as President of Global Data Center Hosting at CenturyLink. In this role, he was responsible for P&L oversight, sales, product management, marketing, operations, security, service delivery and analytics for nearly 60 large data centers and related operations across North America, Europe and Asia. Meredith helped lead the successful carve out of the CenturyLink/Savvis global data center hosting platform and roll-up of multiple SaaS managed security and big data companies as part of a $2.8B private equity transaction.

Commenting on his appointment, Meredith said, I am excited to be joining the Everbridge leadership team and to become part of the Everbridge family that has built such a powerful platform for helping businesses, governments and other organizations automate their operational response to manage critical events. As a category leader, Everbridge has established an enviable, mission-based business built on a customer-first culture, helping government entities protect their constituents and helping companies protect employees, safeguard assets, and ensure business continuity through their global, unified Critical Event Management platform.

Meredith has led international technology-related businesses in roles including CEO, president, and member of the board of directors. His experience spans a range of industry verticals from venture-backed firms such as NeuPals in China to business units of large public companies such as Capital One, CGI and VeriSign.

As an industry thought leader, numerous media outlets and industry organizations have recognized and quoted Meredith from BusinessWeek and USA Today to The Uptime Institute and NPRs Morning Edition. Meredith also donates his time to community organizations such as the Tobin Center for the Performing Arts, where he serves on its Board of Directors, as well as the annual Fill a Box and Feed a Family Holiday Food Drive" in partnership with the San Antonio Food Bank.

Meredith earned his Masters Degree from the University of Virginia (UVA), where he previously served as Chairperson for the Management of Information Technology Advisory Board. He graduated with honors from James Madison University with a Bachelor of Business Administration in Corporate Finance.

(c) 2019 Palestine News & Information Agency (WAFA). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
CENTURYLINK INC. 0.81% 11.17 Delayed Quote.-26.86%
EVERBRIDGE INC -2.16% 97.11 Delayed Quote.74.86%
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Financials (USD)
Sales 2019 197 M
EBIT 2019 -4,65 M
Net income 2019 -52,8 M
Finance 2019 153 M
Yield 2019 -
P/E ratio 2019 -61,2x
P/E ratio 2020 -64,2x
EV / Sales2019 15,5x
EV / Sales2020 12,2x
Capitalization 3 197 M
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Mean consensus BUY
Number of Analysts 13
Average target price 97,00  $
Last Close Price 97,11  $
Spread / Highest target 8,12%
Spread / Average Target -0,11%
Spread / Lowest Target -22,8%
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Managers
NameTitle
Jaime Wallace Ellertson Chairman & Chief Executive Officer
Scott Burnett Senior Vice President-Operations
Kenneth S. Goldman CFO, Treasurer, Principal Accounting Officer & SVP
Imad Mouline Chief Technology Officer & Senior Vice President
Richard A. D'Amore Independent Director
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