AUSTIN, TX, AlertMedia announced today that it closed a $25 million investment.
AlertMedia, the world's leading emergency communication software provider, announced today that it closed a $25 million investment from JMI Equity, a growth equity firm focused on investing in leading software companies.
Every company, regardless of size,faces critical events that impact their employees.AlertMedia helps organizations monitor for these events, which include hurricanes, wildfires, terrorist attacks, winter weather, network outages, and active shooter scenarios. After identifying an event, companies then use AlertMedia's powerful two-way communication software to connect with their people over multiple channels (text, email, mobile app, voice, social media, etc.) to improve coordination and outcomes.
The new funding will be used to accelerate AlertMedia's strategic growth initiatives, including new product development, international expansion, and hiring. AlertMedia has raised $42 million to date from investors including Next Coast Ventures and Silverton Partners.
"As the global demand for AlertMedia software and services continues to skyrocket, this funding will be used to help us grow our team to satisfy that demand, as well as explore new ways to enable organizations to protect their workers and expand our offering," said Brian Cruver, CEO of AlertMedia. "We are thrilled to partner with the JMI team, as they bring to the table a level of expertise in B2B software that is simply unmatched."
With powerful and easy-to-use technology, AlertMedia has quickly emerged as the market leadingemergency communication system. Customers such as DHL, British Petroleum, Texas Roadhouse, and Walmart are using AlertMedia to send and receive critical communications via multiple channels using one simple interface.
Bob Nye, General Partner at JMI Equity, has joined AlertMedia's board of directors. "We couldn't be more impressed with the AlertMedia team and their ability to execute. The company's tremendous growth is a result of its innovative technology, intuitive user experience, and best-in-class customer support. We look forward to partnering with the AlertMedia team to further accelerate their growth and market dominance."
As the world's leading emergency mass communications and monitoring company in the world, AlertMedia helps hundreds of global organizations securely and effectively monitor threats, streamline notifications, and improve employee safety. The company's cloud-based platform delivers communications that protect organizations, improve operations, and mitigate loss from any location, at any time, using any device. For more information, please call (800) 826-0777 or visit alertmedia.com.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 140 businesses in its target markets, successfully completed over 90 exits, and raised more than $4 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about