Everbridge, Inc. (NASDAQ: EVBG) is a global software company, it provides a very useful service, one that is expected to be valued at $4.9 billion in 2020. EMNS or Emergency Mass Notification Service is becoming more important as the threat of terror has grown in the world, its potential for alerting a mass of people is seen as life saving, and the market continues to grow.
But Everbridge isn't the only company in this, even though they have posted a forecast of $100 million in yearly revenue, a new company, OnSolve, has been formed by Veritas Capital after an acquisition of Send Word Now has been combined with Emergency Communications Network (ECN.) OnSolve has been created with the mission of beating Everbridge out of the leading spot, and with a target of $250 million revenue per year, it is set on overtaking EVBG. Having already been an established entity under ECN, OnSolve has a real chance for catching Everbridge, and this may not bode well for the latter in the coming months.