Emergency notifications provider Everbridge (Nasdaq: EVBG) recently announced its first-quarter results that surpassed market expectations. The company continues to invest in acquisitions and partnerships to expand its market presence.

Everbridge’s Financials

Q1 revenues grew 40% to $82.2 million, surpassing analyst estimate of $75.55 million. Net loss was $21.8 million or $0.60 per share, compared to $25.4 million or $0.74 a year ago. Non-GAAP net income per share was $0.18, beating analyst estimate of a loss of $0.11 per share.

For the current quarter, Everbridge expects revenues of $83.7-$84.1 million and an adjusted loss of $0.23-$0.22 per share. It expects to end the year with revenues of $358-$359.6 million and a net loss of $0.20-$0.16 per share. The market was looking for revenues of $82.49 million for the quarter with a loss of $0.07 per share and revenues of $344.58 million for the year with a loss of $0.22 per share.

Everbridge’s Expanding Offerings

Recently, Everbridge announced its acquisition of California-based xMatters. Founded in 2000 by Desi DosSantos, and Troy McAlpin, xMatters assists businesses to prevent, manage, and resolve technology incidents. With its Digital Service Availability platform, xMatters prevents technical issues from turning into large business problems. It provides toolchain integrations to IT management, security, and DevOps tools. Everbridge plans to integrate its solutions with its end-to-end CEM platform to help transform the way organizations are able to manage, respond to, and mitigate IT and cyber incidents. They will be able to extend the power of critical event management across an enterprise’s IT incident, digital service delivery, cyber security, and DevOps environments to help organizations deliver uninterrupted customer experiences. It will allow Everbridge’s customers to protect their revenues while also reducing expenses.

I had met with xMatters’s co-founder Troy McAlpin, a few years ago. Formerly known as AlarmPoint, xMatters was set up as a Windows-based warning tool. Over the last few years though, the product has moved from an IT Services focused incident broadcast service to one that helps address business continuity planning for multiple industries. It has been serving companies in the following sectors: energy, for smart grid management; educational institutions, for safety; financial services, for market moves and customer connection; telecommunications, for efficient operations, recovery and customer connection; healthcare; for smart hospital rooms and emergency response; government agencies, for readiness, effectiveness, and response; and managed service providers, for differentiated cloud services. xMatters was initially bootstrapped and over the course of the years had raised $96.5 million in eight rounds of funding from investors GS Growth, Golub Capital, MMV Capital Partners, Bridge Bank, and JMI Equity.

Additionally, Everbridge also announced its partnership with WizNucleus, a provider of cyber and physical security solutions to nuclear and electric grid customers. The partnership will help increase digital and physical security for some of the world’s largest nuclear, electric, and other utility companies and thus expand Everbridge’s presence within the energy industry. Through the partnership, WizNucleus’s customers will get seamless access to Everbridge’s CEM solutions, including Control Center. Together, Everbridge and WizNucleus will address the highly specialized challenges faced by utility companies in maintaining scalable, upgradeable, and self-serviceable systems while meeting federal regulations.

Its stock is trading at $140 with a market capitalization of $5.27 billion. It hit a 52-week low of $100.17 in October last year a 52-week high of $178.98 in February of this year.