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AvePoint, Inc. (NASDAQ: AVPT) stands as a leader in enabling enterprise collaboration across multiple platforms and devices. Founded in 2001 and headquartered in Jersey City, NJ, AvePoint excels in assisting enterprises in their digitization journey, allowing information workers to collaborate confidently. The company's unique solutions centralize access and control of information assets in various collaboration and document management systems, both on-premises and in the cloud.
AvePoint's services cater to business, IT, compliance, and risk officers to achieve critical business objectives like big data management, cloud integration, compliance, enterprise content management, and mobile data access monitoring. With a presence in over 14,000 organizations across five continents, including 3 million Office 365 users, AvePoint is pivotal in industries such as energy, utilities, financial services, healthcare, pharmaceuticals, and the public sector.
One of AvePoint’s standout offerings is its Confidence Platform, delivering a comprehensive set of cloud-based solutions that enable IT operations, development operations, and cybersecurity professionals to monitor and secure digital workplaces using SaaS tools. Their recent advancements include the AvePoint Cloud Backup Express, which offers secure data protection for Microsoft OneDrive, SharePoint, and Exchange at enhanced speeds within the Microsoft 365 security boundary.
AvePoint is continually innovating, as seen with its next-generation AvePoint Confide powered by SharePoint Embedded, which ensures secure collaboration beyond the firewall while integrating seamlessly with Microsoft 365 tools. The company’s robust cyber resilience strategy is evidenced by multiple accreditations, including HITRUST CSF v11.0.1 and FedRAMP (moderate) Authorization for several products, validating its commitment to safeguarding sensitive data, especially in regulated industries like healthcare and the public sector.
Having recently reported strong financial results for Q4 2023 and Q1 2024, with notable growth in revenue and non-GAAP operating income, AvePoint is well-positioned to leverage its platform for ongoing success. The company continues to push the envelope in data management and governance, further underscored by collaborations with major partners like Microsoft.
For more information, visit www.avepoint.com.
AvePoint (AVPT), a data security, governance, and resilience company, has submitted an application for a dual listing of its common stock on the Singapore Exchange Securities Trading (SGX-ST), in addition to its current Nasdaq Global Select Market listing.
The company established its presence in Singapore in 2009, which now serves as its Asia headquarters and International R&D Hub. CEO and Co-Founder Dr. Tianyi Jiang states this potential dual listing aligns with their strategy to expand in the APAC region, where they have built strong relationships with governmental organizations and corporations.
The company emphasizes that no final decision has been made regarding the timing, terms, or conditions of the SGX-ST listing, and they may choose not to proceed with it.
AvePoint (NASDAQ: AVPT) has scheduled two significant investor events for early 2025. The company will release its Q4 and full year 2024 financial results on February 27, 2025, after market close, followed by a conference call at 4:30pm ET featuring CEO Dr. Tianyi Jiang and CFO Jim Caci.
Additionally, AvePoint will host its 2025 Investor Day on March 3, 2025, at 8:30am ET at the Nasdaq MarketSite in New York City. The event will showcase the AvePoint Confidence Platform, market trends, and the company's financial outlook and strategy.
AvePoint currently serves over 21,000 customers worldwide and maintains a global channel partner program with more than 3,500 managed service providers, value added resellers and systems integrators, with solutions available in over 100 cloud marketplaces.
AvePoint (NASDAQ: AVPT) has announced its agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). The acquisition aims to enhance AvePoint's Elements MSP Platform, focusing on improving MSP profitability, operational efficiency, and security-centric recurring revenue streams.
Founded in 2017, Ydentic provides automation solutions for IT management tasks and was recently recognized in Deloitte's Technology Fast 50 program in the Netherlands. The acquisition is expected to close by the end of January 2025 and aligns with AvePoint's strategy to scale its channel ecosystem.
The move comes as cybersecurity managed services reached over $80 billion in 2024, according to Canalys. The integration will strengthen AvePoint's position in data, access, and endpoint security solutions in the AI era.
AvePoint (NASDAQ: AVPT) announced first-to-market Microsoft 365 Copilot benchmarking capabilities within AvePoint tyGraph. The enhancement provides organizations with insights into AI adoption and usage patterns through three key features: benchmarking against industry peers, predictive analytics for license assignment, and activity scores for monitoring user engagement.
The company also introduced new private preview features to MyHub, including risk assessments for data owners to manage permissions and address security issues. These enhancements complement AvePoint's Confidence Platform, which manages over 500+ PB of data and 240,000 daily governance operations across 21,000 global customers.
AvePoint (AVPT), the global leader in data management and governance, has announced its participation in multiple upcoming investor conferences. The company's executive team will present at the Needham Security Conference (Virtual) on November 19, the Wells Fargo TMT Summit in California on December 3, and the UBS Global Technology & AI Conference in Arizona on December 4.
Additionally, AvePoint will attend the RBC Capital Markets Conference in New York on November 20 and the Northland Growth Conference (Virtual) on December 12. Live and archived webcasts of all presentations will be accessible through AvePoint's Investor Relations website.
AvePoint (AVPT) reported strong Q3 2024 financial results with total revenue reaching $88.8 million, up 22% year-over-year. SaaS revenue grew 45% to $60.9 million, while total ARR increased 23% to $308.9 million. The company achieved a GAAP operating income of $7.7 million and non-GAAP operating income of $17.8 million with a 20.1% margin. Cash position remained strong at $250.0 million. Based on these results, AvePoint raised its full-year 2024 guidance, projecting total revenues of $327.8-329.8 million and total ARR of $324.9-326.9 million.
AvePoint (AVPT) has launched its AI Lab in Singapore, supported by the Singapore Economic Development Board (EDB), to advance AI-driven research and innovation. The lab will focus on developing solutions for education and FinTech sectors, with plans to hire over 25 AI researchers and program specialists in the next three years. The initiative aims to commercialize research into AvePoint's SaaS products and foster international collaboration through a global rotational program connecting local PhD researchers with AvePoint's HQ team. The lab will develop AI technologies for personalized learning, banking process automation, and cross-sector solutions for collaboration and knowledge management.
AvePoint (NASDAQ: AVPT), the global leader in data management and data governance, will announce its third quarter 2024 financial results on November 7, 2024, after US financial markets close. The company will host a conference call at 4:30pm ET on the same day, featuring CEO and Co-Founder Dr. Tianyi Jiang (TJ) and CFO Jim Caci.
Participants can join the call by dialing 1-833-816-1428 (US) or 1-412-317-0520 (outside US) with passcode 7094823. A live webcast will be available on AvePoint's Investor Relations website, with a replay accessible for approximately 90 days.
AvePoint serves over 21,000 customers worldwide and has a global channel partner program with 3,500+ managed service providers, value added resellers, and systems integrators. Their solutions are available in more than 100 cloud marketplaces.
AvePoint (Nasdaq: AVPT, AVPTW) announced the expiration of its offer to purchase all outstanding Warrants at $2.50 per Warrant in cash. The offer, which ended on September 24, 2024, resulted in 1,596,314 Warrants being validly tendered, representing approximately 9.1% of outstanding Warrants. AvePoint will pay an aggregate of approximately $4.0 million to purchase the tendered Warrants.
The company also sought consent to amend the Warrant Agreement, allowing redemption of non-tendered Warrants for $2.00 in cash. However, the amendment was not approved as it required consent from 50.1% of outstanding Warrant holders, but only received approximately 9.1% consent.
AvePoint's common stock and Warrants are listed on Nasdaq under the symbols "AVPT" and "AVPTW" respectively. Evercore Group L.L.C. served as the Dealer Manager for the offer and consent solicitation.
AvePoint (Nasdaq: AVPT, AVPTW), a leader in data management and governance, has initiated an offer to purchase all outstanding public warrants at $2.50 per warrant in cash. Simultaneously, the company is soliciting consents to amend the Warrant Agreement, allowing redemption of each warrant for $2.00 in cash if approved. The offer expires on September 24, 2024, unless extended or terminated earlier. This move is subject to certain conditions but not contingent on a minimum number of warrants tendered. Evercore Group L.L.C. is serving as the Dealer Manager for this offer and consent solicitation.
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