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BURLINGTON, Mass.- Everbridge, a software company focused on critical communications and enterprise safety based here, acquired IDV Solutions in late January.
"One of the beauties of this acquisition is that it was an acquisition of an existing partner with an existing integration, an integration that is already working out there in the real world and being used by a variety of customers," Imad Mouline, Everbridge's CTO, told Security Systems News.
Everbridge purchased IDV Solutions for "$18.7 million in cash, with additional time and performance-based cash payments that could total as much as an additional $8.7 million," the company announced Jan. 31. IDV Solutions will operate as a wholly owned subsidiary of Everbridge.
"The capabilities that Everbridge has developed and is continuing to develop, combined with our threat assessment and visualization technology really helps drive a...