AvePoint Announces Anchor Investment by 65 Equity Partners
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JERSEY CITY, N.J., Sept. 18, 2023 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, today announced a definitive agreement has been entered into for an anchor investment by 65 Equity Partners through its purchase of 16,666,600 AvePoint shares of common stock (representing approximately
“We are pleased to welcome 65 Equity Partners as a substantial long-term stockholder of AvePoint,” said Dr. Tianyi Jiang (TJ), Co-Founder & CEO, AvePoint. “This investment reflects their confidence in our vision to advance the digital workplace, capture growing markets and prioritize profitable growth. The APAC region represents an enormous growth opportunity for us, and given that Singapore is an important innovation center for AvePoint, we believe that an eventual dual listing on the Singapore Exchange (SGX) will garner additional investor support in the region.”
65 Equity Partners is a global investment firm that seeks to support founders in their growth journey, with a mandate to invest in family-owned and entrepreneur-led businesses in Southeast Asia, Europe and the United States across the technology, business services, consumer, industrials and healthcare sectors. Backed by Temasek, 65 Equity Partners has
“AvePoint is a leader in digital workplace transformation, and we believe it has a strong competitive advantage in the market,” said Michael McGinn, Partner at Sixth Street Partners and Co-Head of Sixth Street Growth. “We are proud to have been a part of AvePoint’s journey from a private company to a public one, and we look forward to the company continuing to execute against its strategic priorities.”
For more information, visit the AvePoint Investor Relations website.
About Sixth Street
Sixth Street is a leading global investment firm with over
About 65 Equity Partners
65 Equity Partners is an independently managed wholly-owned investment platform of Temasek which focuses on providing equity and structured capital solutions to established companies with regional or global aspirations, in Southeast Asia, Europe and the United States. In Southeast Asia (including Singapore), the strategy of 65 Equity Partners is to invest in leading companies and new economy businesses, ahead of their eventual listing in Singapore. 65 Equity Partners also provides capital solutions to Singapore-based local enterprises with fundamentally sound businesses that are well-positioned to scale globally. For more information, please visit www.65equitypartners.com.
About AvePoint
Collaborate with Confidence. AvePoint provides the most advanced platform to optimize SaaS operations and secure collaboration. Over 17,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments. AvePoint's global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.
Disclosure Information
AvePoint uses the https://ir.avepoint.com/ website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Quarterly Report on Form 10-Q and its registration statement on Form S-1 and related prospectus and prospectus supplements filed with the SEC. Copies of these and other documents filed by AvePoint from time to time are available on the SEC's website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations.
Investor Contact
AvePoint
Jamie Arestia
ir@avepoint.com
(551) 220-5654
Media Contact
AvePoint
Nicole Caci
pr@avepoint.com
(201) 201-8143
