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.