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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) will release its Q1 2023 financial results on May 10, 2023, after U.S. markets close. The announcement will be followed by a conference call at 4:30 PM ET, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, where they will discuss the financial results and current business trends. Interested participants can access the call by dialing the provided numbers or via a live webcast on the AvePoint Investor Relations website. A replay of the call will be available shortly after its conclusion for 90 days.
AvePoint specializes in optimizing SaaS operations and secure collaboration, serving over 17,000 customers globally and supported by a channel partner network of over 3,500. The company was founded in 2001 and is headquartered in Jersey City, New Jersey.
AvePoint has bolstered its security offerings by adding three new solutions to its FedRAMP (moderate) Authorization, allowing federal agencies to utilize verified SaaS solutions. This expansion reflects AvePoint's commitment to meet stringent government security standards for its public sector customers. As of now, a total of 19 solutions are authorized. New offerings include Cloud Backup for Azure, ReCenter, and Confide, enhancing their capability to secure cloud collaboration and data recovery. AvePoint's services are leveraged by over 1,000 public sector organizations, emphasizing its role in safeguarding sensitive data.
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