We are happy to announce that we have completed the acquisition of Hypersun Group Ltd., a specialized Internet and software engineering services firm. Hypersun Group Ltd., a private company headquartered in Beijing China, has more than 35 engineering staff and was founded by software development veteran Yuan Cheng.
The acquisition of Hypersun Group Ltd. substantially increases Everbridge’s technical resources and overall ability to deliver new and innovative solutions to the mass communications space. Everbridge was recently ranked the leader in Gartner’s 2012 Magic Quadrant for U.S. Emergency /Mass Notification Services (EMNS) in part because of its long-term strategic vision. The addition of Hypersun Group Ltd. to the existing Everbridge engineering resources enabled Everbridge to deliver its most recent release of its new solutions suite for real time interactive communications with groundbreaking social media, mobile and global capabilities. Additionally, Hypersun Group Ltd. provides Everbridge with an important presence in Asia Pac, one of the fastest growing economic regions of the world, allowing the company to better support its multi-national client base with on-the-ground local resources.
“The acquisition of Hypersun Group Ltd. strengthens Everbridge’s competitive advantage by enriching our overall offering to clients around the world,” said Jaime Ellertson, chief executive officer, Everbridge. “Ultimately, this acquisition provides Everbridge with a deeper bench of engineering expertise which allows us to innovate at faster pace and add additional resources for global client support – in the most cost-effective manner.”
As part of the acquisition, Yuan Cheng will join Everbridge’s executive team as senior vice president of engineering. Mr. Cheng received his Ph.D., Mechanical Engineering with a concentration in Information Science from Massachusetts Institute of Technology in 2000 and his Bachelor of Engineering, Precision Instruments from Tsinghua University in 1994. Mr. Cheng holds two US patents (7,765,295 and 8,095,650) for his work in methods and apparatus for real user monitoring.