Vista Equity working with JPMorgan on sale process
AlertMedia’s revenue exceeds $100 million, sources suggest valuation over $1 billion
Thoma Bravo acquired AlertMedia rival Everbridge for $1.8 billion in 2024
By Milana Vinn
Feb 12 (Reuters) - Vista Equity Partners is exploring a $1 billion-plus sale of its emergency communications software provider AlertMedia, according to people familiar with the matter.
Vista has hired bankers at JPMorgan to sell the company, a process that is in the early stages, the people said, requesting anonymity as the discussions are confidential.
Vista Equity and JPMorgan declined to comment, while AlertMedia did not respond to a request for comments.
Austin, Texas-based AlertMedia provides emergency communications for thousands of organizations including Walmart, JetBlue, Coca-Cola Bottling, DHL and Thomson Reuters, the parent company of Reuters news.
AlertMedia generates more than $100 million in revenue and could command a double-digit revenue multiple, implying a valuation of more than $1 billion, the sources said.
Vista Equity invested in AlertMedia in 2021 through its middle-market focused Foundation Fund.
In 2024, private equity firm Thoma Bravo acquired Everbridge, an emergency communications technology provider and rival to AlertMedia, for $1.8 billion. Last week, Reuters reported that Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its traditional focus on enterprise software. The software sector has experienced a turbulent few months in the public markets, stalling some dealmaking and IPOs as volatility makes valuations unreliable and potential buyers cautious.

JBLU

- Vista Equity Partners is exploring a sale of its emergency communications software provider AlertMedia, potentially valued at over $1 billion.  
- The company, which generates more than $100 million in revenue, has hired JPMorgan to assist in the early stages of the sale process.  
- AlertMedia, which serves major organizations like Walmart and Coca-Cola, is amid a challenging market environment impacting valuations and dealmaking.

Reuters

JPMorgan Chase

Vista Equity explores $1 billion-plus sale of AlertMedia, sources say