AvePoint Grows U.S. Public Sector Business Amid Demand for Digital Collaboration Security Solutions

Rhea-AI Summary

AvePoint has announced the appointment of Kevin Briggs as Vice President of U.S. Public Sector, focusing on clients in education and government. This move aligns with the company’s ongoing revenue and SaaS growth, as noted in their recent Q3 earnings report. Briggs, with 20 years in federal government experience from firms like Microsoft, aims to enhance AvePoint's presence in the public sector. The company serves over 1,000 U.S. public sector organizations and is committed to expanding its MaivenPoint product line for universities.

Positive

• Appointment of Kevin Briggs as VP of U.S. Public Sector to boost growth.
• Strong revenue and SaaS growth reported in Q3.
• Serves over 1,000 public sector organizations, including federal and local agencies.
• Plans to expand MaivenPoint product line into universities.

Negative

• None.

Leadership team expands with the appointment of Kevin Briggs to Vice President of Public Sector

JERSEY CITY, N.J., Nov. 29, 2022 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management platform provider, today announced the appointment of Kevin Briggs to Vice President of U.S. Public Sector supporting customers in education, federal, state and local governments. Briggs joins amid strong revenue and SaaS growth, as reported in Q3 earnings, and will accelerate support for U.S. public sector organizations who face complex challenges in the cloud.

Briggs brings two decades of experience in the federal government space to AvePoint. He previously held leadership positions at Microsoft, Qualtrics and Lockheed Martin across finance, business development and sales. His expertise in strategic planning, business operations and driving key growth initiatives will support AvePoint’s goal of expanding business in the U.S. public sector.

"With heightened attention and demand for digital collaboration security and data management technologies, especially in regulated industries like the U.S. government, it is an exciting time to join AvePoint,” said, Kevin Briggs, Vice President of Public Sector, AvePoint. “Our Confidence platform, which includes three product suites for Control, Fidelity and Resilience, helps to solve critical and time-sensitive challenges, and I am eager to reach more U.S. public sector organizations to protect and optimize their digital environments.”

Today, AvePoint empowers more than 1,000 U.S. public sector organizations – including every cabinet of the federal government, all four branches of the Department of Defense, and more than 400 local governments and municipalities – to manage SaaS platforms and provide data protection, compliance and management. Further, AvePoint intends to expand MaivenPoint, its SaaS modern learning product line, to more universities and institutions of higher learning in the U.S. as this is a critical area of focus.

Additionally, AvePoint continues to invest in certifications that make it easier for U.S. public sector agencies to accelerate their adoption of cloud services with confidence. AvePoint is FedRAMP Moderate authorized and is moving towards compliance with StateRAMP, TX-RAMP, and authorizations for DoD Impact Levels 5 and 6 to support regulations and Federal guidance such as the 2021 Executive Order on Improving the Nation's Cybersecurity and CISA's Secure Cloud Business Applications project.

AvePoint also recently recertified and demonstrated conformance to the International Organizations for Standardization’s (ISO) information security management system (ISMS) audit using the 27001:2013, and 27017:2015 frameworks as well as certification against Cloud Security Alliance (CSA) Security, Trust, Assurance and Risk (STAR) Level 2.

To learn more about the AvePoint public sector business, please visit https://www.avepoint.com/solutions/us-public-sector.

About AvePoint
Collaborate with confidence. AvePoint provides the most advanced platform for SaaS and data management to optimize SaaS operations and secure collaboration. More than 9 million cloud users rely on our solutions. Our SaaS solutions are also available to managed service providers via more than 100 cloud marketplaces, so they can better support and manage their small and mid-sized business customers. Founded in 2001, AvePoint is a five-time Global Microsoft Partner of the Year and headquartered in Jersey City, New Jersey. For more information, visit https://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, its registration statement on Form S-1 and related prospectus and prospectus supplements, and in its subsequent filings made to 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.

Media Contact
Nicole Caci
AvePoint
pr@avepoint.com
(201) 201-8143

FAQ

What recent leadership change occurred at AvePoint?

AvePoint appointed Kevin Briggs as Vice President of U.S. Public Sector.

How does the appointment of Kevin Briggs impact AvePoint?

Briggs aims to enhance support for U.S. public sector organizations amid revenue growth.

How many organizations does AvePoint serve in the public sector?

AvePoint serves over 1,000 U.S. public sector organizations.

What is AvePoint's focus with its MaivenPoint product line?

AvePoint plans to expand MaivenPoint to more universities and institutions in the U.S.