Welcome to our dedicated page for Avepoint news (Ticker: AVPT), a resource for investors and traders seeking the latest updates and insights on Avepoint stock.
Overview
AvePoint Inc. (AVPT) is a technology company specializing in advanced data management, data governance, and secure enterprise collaboration solutions. By leveraging a unique SaaS platform, AvePoint provides a centralized solution to manage and secure critical information across both traditional and cloud-based environments. The company integrates seamlessly with major platforms, offering highly adaptable services that enable business, IT, compliance, and risk management professionals to work together with confidence.
Core Business and Solutions
The core offering of AvePoint is its Confidence Platform, a comprehensive suite of cloud-based solutions designed to optimize IT operations, secure data, and support digital transformation. This platform helps organizations:
- Centralize control over data assets stored across disparate collaboration and document management systems.
- Enable secure collaboration by ensuring robust data protection and streamlined compliance.
- Accelerate digital transformation by integrating big data, cloud technologies, and mobile data access into a cohesive framework.
Market Position and Industry Impact
AvePoint is well-positioned within the increasingly competitive landscape of enterprise collaboration and digital workplace solutions. The company addresses critical business challenges such as information overload, data integrity, and cyber security by providing tools that secure sensitive data and automate governance processes. This strategic approach has allowed AvePoint to cultivate a strong reputation among organizations ranging from global enterprises to niche industry players.
Business Model and Revenue Streams
AvePoint generates revenue through a subscription-based model that emphasizes scalable Software-as-a-Service (SaaS) operations. By offering customizable solutions that can be integrated across various cloud environments—including Microsoft 365, Google Workspace, and Salesforce—the company ensures that its customers gain reliable, secure, and efficient digital workspaces. This model supports recurring revenue through continuous updates, support services, and a global partner network that includes managed service providers, resellers, and systems integrators.
Technological Innovations and Industry Relevance
Technological innovation is at the heart of AvePoint's mission to empower organizations during their digital transformation journeys. The company consistently updates its platform to manage evolving data security challenges associated with multi-cloud and AI-driven environments. With a focus on enhancing operational resilience, AvePoint's tools address modern challenges such as unintended data exposure, information lifecycle management, and secure data backups. The advanced integration of risk intelligence and cyber resilience capabilities demonstrates the company’s thorough understanding of the complex interplay between data governance and contemporary IT infrastructures.
Customer Base and Global Reach
Leveraging decades of experience, AvePoint has built a vast, global customer base that spans a variety of industry sectors, including energy, utilities, financial services, healthcare, pharmaceuticals, and the public sector. Its diversified applications across more than one hundred cloud marketplaces illustrate a robust operational footprint that extends across multiple continents. This diversified customer portfolio underscores AvePoint's ability to offer tailored solutions that meet unique industry requirements while upholding a consistent standard of security and compliance.
Competitive Differentiation
What sets AvePoint apart from its competitors is its pioneering approach to centralizing data governance across hybrid and multi-cloud environments. The company not only provides secure backup and recovery solutions but also integrates sophisticated risk management and data compliance frameworks that support the safe adoption of emerging technologies, including artificial intelligence (AI). This unique combination of features, along with strategic industry partnerships, positions AvePoint as a critical enabler of digital workplace transformation.
Value Proposition
The AvePoint Confidence Platform embodies the company's commitment to enabling organizations to collaborate with confidence. Its holistic approach to data management, ranging from cloud integration to comprehensive risk intelligence, offers significant value by ensuring that data remains secure, accessible, and compliant. This focus is vital for organizations aiming to harness the benefits of digital transformation while mitigating risks associated with decentralized data and evolving regulatory landscapes.
Conclusion
AvePoint Inc. continues to build on its legacy as an innovator in data governance and enterprise collaboration. By consistently enhancing its platform to address evolving digital risks and by enabling IT environments to operate smoothly and securely, AvePoint remains a fundamental partner for any organization looking to maximize the strategic value of its data assets in a multi-cloud world.
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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