PSIM CNL Acquired By Everbridge

By: John Honovich, Published on Mar 09, 2020

The end has finally come for CNL. Despite for years saying they would revolutionize the industry, they have been taken over in a footnote of a financial filing for Everbridge.

But it still is a modest outcome for the company, though far less than what they envisioned.

The bigger story is how big and formidable Everbridge has become, a company whose stock has increased 700% over the past few years.

Inside this note, we look at the outcome for CNL, the outlook for Everbridge and how Everbridge's investor success is a good comparable for Verkada.

*** *** *** ******* come *** ***. ******* for ***** ****** **** would ************* *** ********, they **** **** ***** over ** * ******** of * ********* ****** for**********.

*** ** ***** ** a ****** ******* *** the *******, ****** *** less **** **** **** envisioned.

*** ****** ***** ** how *** *** ********** Everbridge *** ******, * company ***** ***** *** increased ***% **** *** past *** *****.

****** **** ****, ** look ** *** ******* for ***, *** ******* for ********** *** *** Everbridge's ******** ******* ** a **** ********** *** Verkada.

[***************]

Acquisition ********

**********'* **-* *** ************* *** **** *** a ~$** ******* ******** price:

** ******** **, ****, we ******* **** * Stock ******** ********* **** CNL ******** ******* (“***”) for * **** ************* of ************* $**.* *******.

********** ****:

** ******** *** *** its ********* ********** ****** to ******* *** *** suite ** ********* ** broaden ******* *** *** applications.

**** *** * ** 4 '****-**' ***** **** Everbridge *** **** ** the **** ****:

** ******** *********** ** April ****, *** ** August ****, ********** *** CNL ** ******** ****

CNL ******* / ****

** ******** ***'* ******* to ** ***** $** million ** **** **** able ** ****** * small ******* ********* **** UK ********* ******* *** have ******** * ****** niche ******* ******* ***** nearly *-****** *********.

************, ******, **** ~$*.* million ** **** *********** over *** *****. *******, the ******* **** **** in **** **** ** has ************ (*.*., **** recently) **** **********.

CNL ************ *********

*** **** **** *** not **** ******* *******,**** ** ********* ******* showing*** ************ ******************* **.*% *********, **** another **% ** **-******* and ********** ************* *.*% ************'* ***, ******, **** ******** *** company's ** ** *******:

Everbridge ********

********** ** * **** notification ******** ******** ** as **** ******** ********** - * '******** ***** management' *******. ***** *** video ***** ********* ***** pitch:

********* **** ********** **** has **** ********* ** CNL. *******, ***** * PSIM **** *** *** focused ** *********** ******** systems, ********** *** **** focused ** ************* **** an ************'* *********.

Everbridge ***** *******

** **** **** * years **** ***** ******, the *******'* ***** *** increased **** **** **, with * ********* ** nearly $* *******:

** **********, *** ***** Everbridge **** *** *** was **** **** *% of ***** *** *********.

Financials ** **********

********** *** * ****** growth **** ** **% CAGR *** ***** *** losses ******** ** **** as **** ***** ********** massively ** ***** *** marketing, ** **** ******* from***** ********** *****:

****** ******* ** ***** income *********, *** *******'* trading ** * ********* of *** ***** ***** appears ********.

*******, **** ********* ****** like ***** *** ******* is **** ** ** a **** ******** **** incredibly *** *****, ******* ******** **** *****:

****** *** **** ****** which ********* **** ******** that *** ***** ********* difficulties *** ******* ******, Everbridge ** ******** * SaaS ******** **** **** 4,500 *********:

Outlook *** ********** / ***

***** **** ** * minor **** *** **********, it ** * ****** safe *** ***** ***** relatively ***** ******** *** market *********.

********** *** *** *** opportunity, **** ***** ***** sales ***** ** ****** and *****-**** ***** ******** base **** ***.

Bloodworth ****** ******

***** ********** ********* **************** ** * ********* and * *********, *.*.:

***** ********** ** *** founder *** *** ** CNL ******** *** ** a ********** ********* *** has ********* *** ****** quo *** ************** *** way ******** ******** ** used. ** ** ********* recognized ** *** ** the *** ** **** influential ****** ** *** global ******** ********.

** *** *** ****, Bloodworth **** **** **** ~$20 ******* **** **** deal.

** *** *****, ** is * ****** *** and ***** *** *** a ******** (****) **** Bloodworth *** ** **** hyped ** ****.

Comparison *** *******

******* *******, ********** ** a ****** **** ********** for *******. ***** **** do *** ******* ********, Everbridge ***** **** ********* will *** * *********** premium *** * **** security ******* **** ***-*****, enabling ** ** ********** losses *** **** ***** as ** **** ** extremely ***** ***** *** marketing ************.

**** ***** ** *** type ** ******** *** outcome *** ******* ** it ***** ** ****** a ********.

Comments (11)

***** * ******* * new ****: '********', ** a ******* **** * value ** **** ** (deca) ******* *******. '*********' are $* *******, *** so **.

***** ****** ****. **** is *** **** *** trillion $ *********? *******?

********?

*****?

**** & $*.** **** get *** ** ********...

"** ** ********* ********** as *** ** *** top ** **** *********** people ** *** ****** security ********."

********** ** ****?

*****. ** ** * UK *** ***, ***** thing.

** *** *** ****, Bloodworth **** **** **** ~$20 ******* **** **** deal. ** *** *****, it ** * ****** sad *** ***** *** for * ******** (****) that ********** *** ** long ***** ** ****.

"*****" ********** ***! ** would *** "*****" "*****" or "*********" *'** **** you ****. **** "*****" would ***** ** * word ******* ** * British **** ;)

****** *** ******* **** story - * ******* missed ** ** *** ISC ******. *** * will **** **** ** the ****** ** ****'** no ****** ****** ** shows. *** **** **** the ***** * *******.

*** *** ** ********** aggressive...if **** *** **** this *** **** ******** as ** ****** ***** says ***** ** *** right ***** **** ***** indeed ** *********.

* ****** ** **** still **** ************ ** do ***-******** ************* ** well ** **** ************ - **** *** *** missing *** **. * will *** ** **** a *** ****** ***** website...

********** *** * ***** of ********* ******** **** I ***** **** ** have. *******, ***** ********** is ***** **** * can *******. ** ** just ***** **** ***** mass ************ *****!

******* ***** ********** *** stepped **** ** *** and ** *** * consultant,*** *** ********:

IPVM Image

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Verkada Lead Investor’s Fundamental Errors on Feb 05, 2020
The man behind Verkada’s stunning $1.6 billion valuation, Aydin Senkut, has been talking up many fundamental errors he made in the...
Verkada Raises $80 Million, Triples Valuation To $1.6 Billion on Jan 30, 2020
Verkada's rocketing valuation continues. 9 months ago, they got a half-billion valuation and now they have announced more than triple that, at $1.6...
ADT Stock Surges - "Leading The Commercial Space" on Nov 15, 2019
Don't call it comeback... but maybe call it a commercial provider. ADT, whose stock dropped by as much as 2/3rds since IPOing in 2018, has now...
"Stress in the Residential Market" - Major Lender Exits on Nov 06, 2019
The residential security / 'alarm' market is getting worse, at least for traditional players. Now, one of the biggest lenders in the industry has...
Struggling Arcules Changes Chief Revenue Officer on Oct 29, 2019
Canon / Milestone spinout Arcules has struggled, now changing their Chief Revenue Officer, just a year after he came on board. The issue is not...
Schmode is Back, Aims To Turn Boulder AI Into Giant on Sep 16, 2019
One of the most influential and controversial executives in the past decade is back. Bryan Schmode ascended and drove the hypergrowth of Avigilon...
Vidsys New President Interviewed on May 31, 2019
A decade ago, PSIM was hot with projections then of a billion dollar market by now. This has not come close to happening. However, Vidsys, one of...
Verkada Gets Half Billion Dollar Valuation on Apr 26, 2019
Last week, when we profiled Verkada (The Fastest Growing Video Surveillance Sales Organization Ever - Verkada), we predicted they would raise $40...
The Fastest Growing Video Surveillance Sales Organization Ever - Verkada on Apr 17, 2019
Verkada has the fastest growing video surveillance sales organization ever. In less than 2 years, they already have more salespeople in the US...
Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied on Apr 10, 2019
One of the most ambitious integrator rollups of the decade has reached its conclusion—selling to a mega guard company. Allied Universal has...

Most Recent Industry Reports

OnSSI Founders Return, Start Corsight on May 25, 2020
The OnSSI founders are back, less than 2 years after selling OnSSI to Qognify, they have returned to Corsight, a spin-out of an Israeli AI...
GeoVision Presents AI and Facial Recognition on May 22, 2020
GeoVision presented its AI analytics and facial recognition at the April 2020 IPVM New Products show. Inside this report: A 30-minute video...
Density Presents Occupancy Monitoring For Coronavirus Protection on May 22, 2020
Density presented its cloud-based occupancy sensor to deal with Coronavirus at the May 2020 IPVM Startups show. Inside this report: A...
Openpath Presents Two Door PoE Controller on May 21, 2020
Openpath presented its new PoE controller at the May 2020 IPVM Startups show. Inside this report: A 30-minute video from Openpath including...
Bosch Presents MIC 7100 Extreme PTZs on May 21, 2020
Bosch presented its MIC 7100 Extreme PTZs at the April 2020 IPVM New Products show. Inside this report: A 30-minute video from Bosch...
Hikvision Chairman Targeted For Sanctions As Federal Watchdog Calls Out Hikvision "Serious Religious Freedom Violations" on May 21, 2020
The US government's religious freedom watchdog has criticized Hikvision for being "credibly implicated in serious religious freedom violations"....
Hikvision Temperature Screening Tested on May 20, 2020
Hikvision has ramped up the promotion of its 'temperature screening' system, including their salespeople arguing for no blackbody needed. But how...
Axxon Presents VMS 4.4 and AI Behavior Analytics on May 20, 2020
AxxonSoft presented its VMS 4.4 and AI behavior analytics at the April 2020 IPVM New Products show. Inside this report: A 30-minute video...
Indoor Robotics Presents Tando Aerial Drones on May 20, 2020
Indoor Robotics presented Tando indoor autonomous drones at the May 2020 IPVM Startups show. Inside this report: A 30-minute video from...
Directory of 89 Video Surveillance Startups on May 20, 2020
This directory provides a list of video surveillance startups to help you see and research what companies are new or not yet broadly...