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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) has launched a $100 million SGD International R&D Hub in Singapore, aiming to hire over 500 local professionals by 2026. This initiative, supported by Digital Industry Singapore, will strengthen AvePoint’s capabilities in B2B SaaS solutions and enhance its IT infrastructure. The R&D Hub, located in Galaxis, One North, will focus on product innovation addressing digital challenges, hybrid work, and AI use. This expansion reflects AvePoint's commitment to meet the growing demand for SaaS in the APAC region.
AvePoint reported Q2 2022 total revenue of $55.7 million, reflecting a 23% year-over-year growth, while SaaS revenue reached $27.6 million, a 34% increase. Total ARR was $178.2 million, up 28% year-over-year. Despite strong revenue growth, the company faced an operating loss of $(11.8) million, worsened from $(11.2) million in the previous year. The Q3 guidance estimates total revenue between $62 million and $64 million, with a projected operating income of $1 million to $2 million.
AvePoint (NASDAQ: AVPT) has announced a rebranding of its SaaS learning product line to MaivenPoint as part of a broader effort to enhance digital education experiences. The rebranding aims to reflect a shift towards user-driven learning in response to changes in how people learn. MaivenPoint offers four main product suites: Curricula Learning Management, Examena Exams Management, Vitae Student and Alumni Management, and eTeams Training Management. Key acquisitions include Combined Knowledge Ltd and i-Access, furthering AvePoint's mission in the educational sector.
AvePoint (NASDAQ: AVPT) will report its financial results for Q2 2022 on August 11, 2022, after market close. A conference call hosted by CEO Dr. Tianyi Jiang and CFO Jim Caci will follow at 4:30 PM ET to discuss the results and current business trends. Investors can register for the call by dialing 1 (844) 826 3035 or 1 (412) 317 5195 for international participants, using conference ID 10169265. A live webcast will also be available on the Investor Relations section of AvePoint’s website.
AvePoint Japan has won the Global Independent Software Vendor (ISV) Award at the Microsoft Japan Partner of the Year 2022 event, marking its first award in this regional program. This accolade recognizes AvePoint's strong collaboration with Microsoft to facilitate cloud migration for various sectors, including government and manufacturing. The award highlights AvePoint's effective solutions in data migration, governance, and backup for Microsoft 365, reinforcing its commitment to digital transformation in Japan.
AvePoint announces key leadership changes to drive growth. Thomas Lin has been appointed as Chief Revenue Officer, previously serving as the company's first sales executive. He emphasizes building strong global sales teams and enhancing customer success. Stuart Robertson takes on the role of Chief Operating Officer, focusing on leadership development and operational efficiency. These moves are designed to capitalize on growth opportunities as the company evolves as a public entity.
AvePoint has appointed Heather Murray as Chief Channel Officer and Angela Choo as VP of Channel, Asia, reinforcing its global channel strategy. Murray, with over 30 years of experience, aims to enhance partnerships and distribution networks. Choo brings 20 years of expertise in the APAC region, focusing on leveraging digital transformation opportunities. The company also launched its Certified AvePoint Professional Services (CAPS) program, enhancing partner training, with over 3,500 partners engaged. These strategic hires and initiatives signal AvePoint's commitment to expanding its market presence.
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