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About AvePoint Inc. (NASDAQ: AVPT)
AvePoint Inc. is a global leader in data security, governance, and resilience, empowering organizations to modernize their digital workplaces and collaborate with confidence. Founded in 2001 and headquartered in Jersey City, NJ, AvePoint specializes in providing cloud-based solutions that enable businesses to manage, protect, and optimize their critical data across multi-cloud environments, including platforms such as Microsoft 365, Google Workspace, and Salesforce. With a presence in over 100 cloud marketplaces and a global customer base exceeding 25,000 organizations, AvePoint is at the forefront of addressing the pivotal challenges of digital transformation, cybersecurity, and compliance.
Core Offerings
The company’s flagship product, the AvePoint Confidence Platform, is a comprehensive suite of SaaS solutions designed to support IT operations, cybersecurity, and compliance teams. It provides tools for:
- Data Protection: Safeguarding sensitive information through advanced backup, recovery, and encryption capabilities.
- Information Lifecycle Management: Ensuring data is stored, accessed, and disposed of in compliance with regulatory requirements.
- Risk Intelligence: Identifying and mitigating potential vulnerabilities in enterprise data systems.
- Cloud Migration: Seamlessly transferring data between on-premises and cloud environments.
These solutions cater to a wide range of industries, including financial services, healthcare, public sector, and energy, addressing their unique data management and compliance needs.
Business Model and Market Position
AvePoint generates revenue primarily through subscription-based SaaS offerings, licensing, and partnerships with managed service providers (MSPs) and value-added resellers (VARs). Its solutions are available on a global scale, supported by a robust partner network of approximately 5,000 MSPs and VARs. This extensive reach, combined with its deep integration with leading collaboration platforms, positions AvePoint as a trusted partner for enterprises navigating complex digital transformations.
Industry Context and Competitive Landscape
The increasing reliance on cloud services and the adoption of AI technologies have amplified the need for robust data governance and cybersecurity solutions. AvePoint's focus on enabling secure collaboration and its ability to address compliance and risk management challenges make it a key player in this growing market. Competitors include companies like Veeam, Veritas, and Datto, but AvePoint differentiates itself through its multi-cloud capabilities, scalability, and long-standing partnerships with technology giants like Microsoft and Google.
Commitment to Innovation and Sustainability
AvePoint continuously invests in R&D to enhance its platform, recently expanding its offerings to include advanced solutions for Google Workspace and AI-driven data governance. Its focus on innovation ensures that its customers are equipped to handle the evolving challenges of data management in a rapidly changing technological landscape. Additionally, its commitment to sustainable business practices underscores its role as a responsible corporate citizen.
Why Choose AvePoint?
With over two decades of experience, AvePoint combines technical expertise with a customer-centric approach to deliver solutions that drive operational efficiency, enhance security, and ensure compliance. Whether it’s optimizing SaaS operations or enabling secure collaboration, AvePoint empowers organizations to achieve their business objectives with confidence.
AvePoint (NASDAQ: AVPT) reported strong financial results for Q4 and full year 2024. The company achieved full-year SaaS revenue of $230.7M (43% YoY growth) and total revenue of $330.5M (22% YoY growth). Total ARR reached $327.0M, showing 24% YoY growth.
Q4 2024 highlights include total revenue of $89.2M (20% YoY growth) and SaaS revenue of $64.8M (43% YoY growth). The company maintained strong profitability with non-GAAP gross margin of 75.5% and operating income of $14.5M.
For 2025, AvePoint projects total ARR between $401.3M-$407.3M (23-25% YoY growth) and total revenues of $380.0M-$388.0M (15-17% YoY growth).
AvePoint (AVPT) has announced new data security solutions for Google Workspace and Google Cloud within its Confidence Platform, expanding its multi-cloud protection capabilities. The platform now delivers comprehensive solutions across four critical areas: data protection, information lifecycle management, risk intelligence, and data migration.
The expansion addresses growing market needs, as 89% of enterprises use multiple cloud services, with 83% reporting cross-platform data security challenges. Key enhancements include comprehensive backup for Google Workspace, automated risk behavior identification, centralized records control, and streamlined migrations from Microsoft 365 to Google Workspace.
The solution is particularly relevant as 40% of data breaches involve data stored across multiple environments. AvePoint's platform aims to provide protection for organizations of all sizes, focusing on data security, cost-effective solutions, and intuitive management interfaces.
AvePoint (AVPT) has launched the next generation of AvePoint Elements, an AI-enhanced platform designed to transform managed service providers' (MSPs) operations. The platform focuses on data security, IT management, and operational efficiency, supporting the company's channel business which represents over 50% of its annual recurring revenue.
The platform offers key benefits including enhanced operational efficiency through unified management and API integrations, increased profitability via automation and multi-SaaS support, seamless scalability with centralized multi-tenant configurations, and advanced security controls. Private preview partners have reported a 40% increase in average revenue per user when integrating multiple solutions, and an 85% reduction in operational time waste.
According to Canalys, over 90% of cybersecurity solutions will be partner-delivered in 2025, presenting a significant market opportunity for MSPs using AvePoint Elements.
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.
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