AlertMedia receives strategic growth investment from Vista Equity Partners
- Details
- Published: Friday, 12 March 2021 10:29
AlertMedia, a provider of emergency communication software and threat intelligence solutions, has announced that it has signed an agreement to receive a significant strategic growth investment from Vista Equity Partners, a global investment firm focused on growing industry-leading enterprise software, data, and technology-enabled businesses.
AlertMedia says that with Vista’s partnership it will continue its rapid investment in hiring, accelerating its product roadmap, and additional expansion into new markets.
AlertMedia supports critical communications for thousands of organizations in more than 130 countries. The company’s technology enables businesses to quickly identify risks to their people or locations, communicate instantly with those impacted, and minimize response times during emergencies and other business-critical events.
The investment in AlertMedia comes from Vista’s Foundation Fund, which invests in middle-market enterprise software, data, and technology-enabled companies.
“For years, organizations slowly increased focus on employee safety and emergency preparedness. With the COVID-19 pandemic, protecting the health and safety of employees while maintaining the ability to serve customers in a crisis has become an organizational imperative and competitive advantage,” said Ryan Atlas, Managing Director at Vista Equity Partners. “At Vista, we invest in category-leading companies to help accelerate innovation and maximize growth. We are excited to partner with Brian and the AlertMedia team to help companies protect their people and maintain business continuity.”
Existing investors JMI Equity, Next Coast Ventures, Silverton Partners, and Founder/CEO Brian Cruver will retain a significant stake in the company. The transaction is expected to close in the second quarter of this year. JP Morgan served as the exclusive financial advisor to AlertMedia, and Raymond James served as the exclusive financial advisor to Vista Equity Partners.
