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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 (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.
AvePoint (NASDAQ: AVPT) reported strong financial results for Q2 2024, with total revenue reaching $78.0 million, up 20% year-over-year. SaaS revenue grew 40% to $53.6 million, while total ARR increased 23% to $290.1 million. The company's non-GAAP gross margin improved to 76.2%, and non-GAAP operating income rose to $8.7 million.
AvePoint's CEO, Dr. Tianyi Jiang, highlighted the company's continued execution and growing demand for its SaaS platform. The company has raised its full-year 2024 outlook, projecting total ARR of $319.0-$323.0 million and total revenues of $320.2-$324.2 million. AvePoint also won its sixth global Microsoft Partner of the Year award, demonstrating its expertise in Microsoft technology solutions.
AvePoint (Nasdaq: AVPT), a leader in data management and governance, has announced its participation in several upcoming investor conferences. The company's executive team will present at the Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 12 and the Piper Sandler Growth Frontiers Conference on September 10.
Additionally, AvePoint will attend the Citi 2024 Global TMT Conference on September 4 and the Goldman Sachs Communacopia + Technology Conference on September 9. Live and archived audio webcasts of all presentations will be accessible on the AvePoint Investor Relations website, providing investors with opportunities to gain insights into the company's strategies and performance.
AvePoint (Nasdaq: AVPT) has announced the general availability of Cloud Backup Express, a data protection solution using Microsoft 365 Backup Storage. This new offering provides:
- 20x faster data backup and recovery than traditional cloud backup
- Advanced in-product integrations with Microsoft 365 Backup Storage
- Comprehensive security and compliance features
- Multi-cloud security framework for protecting various enterprise workloads
The solution addresses growing concerns about data privacy and security in AI implementation. AvePoint's CTO, John Peluso, emphasizes the importance of data protection, classification, and governance in today's business environment. The company's partnership with Microsoft has been further strengthened, with AvePoint earning its sixth global Microsoft Partner of the Year award.
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