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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 deliver its financial results for the first quarter ending March 31, 2022, after market close on May 12, 2022. A conference call, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, will occur at 4:30pm ET the same day to discuss the results and current business trends. A live webcast will be available on the Investor Relations section of AvePoint’s website, with a replay accessible for 90 days after the call.
AvePoint (NASDAQ: AVPT) has announced enhancements to its Cloud Records platform aimed at improving information lifecycle management and compliance. Key updates include improved search functionality using metadata, delegated administration for better data integrity, and extended support for managing content across various repositories like Microsoft 365. These enhancements aim to help organizations manage data more efficiently while adhering to regulatory standards. AvePoint's solutions are already being used by numerous organizations, including those in regulated sectors.
AvePoint (NASDAQ: AVPT) reported strong financial results for Q4 and full year 2021, with total revenue reaching $191.9 million, up 27% from 2020. SaaS revenue grew by 64% to $85.6 million. Total ARR increased by 34% to $159.2 million, and the cloud user base surpassed 9 million. While fourth quarter gross profit rose to $38.9 million, the company faced an operating loss of $(7.7) million. Looking ahead, AvePoint expects Q1 2022 revenue of $48.0-$49.0 million, indicating approximately 25% growth, and 2022 total revenue guidance of $236.0-$242.0 million.
AvePoint (NASDAQ: AVPT) has launched Entrust, a new application enhancing control and visibility across Microsoft 365 tenants, aimed at easing the management of admin users and processes. With features such as role-based access control, consolidated dashboards, and centralized activity monitoring, Entrust seeks to improve IT efficiency for businesses managing multiple tenants. Currently, the Microsoft 365 ecosystem has over 270 million monthly active users, highlighting the demand for such management tools. AvePoint continues to evolve, offering solutions for a more secure and manageable digital workspace.
AvePoint has launched Ransomware Detection within its Cloud Backup for Microsoft 365, enhancing protection against ransomware attacks. This solution offers early detection of unusual OneDrive activity, enabling quicker investigation and data restoration. Alongside this, AvePoint introduces a Ransomware Warranty for MSPs, covering up to $1 million for unrecoverable data. The initiative reflects the company's commitment to secure digital collaboration, amid increasing ransomware threats, where attacks occurred every 11 seconds in 2021.
AvePoint (NASDAQ: AVPT) will announce its fourth quarter financial results for the period ending December 31, 2021, after market close on March 17, 2022. A conference call is scheduled for the same day at 4:30 PM ET, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, who will discuss the results and current business trends. The event will be accessible via a live webcast on AvePoint's Investor Relations website, with a replay available for 90 days post-call.
AvePoint reported a strong finish to 2021, ending with over 2,800 partners, primarily active MSPs, which contributed to a triple-digit growth in monthly recurring revenue from its Elements Managed Services Platform. The company introduced enhancements to its global partner program, including a certification program for partners and a Partner Technical Advisory Council. Recent advancements in the Elements platform include integrations for Cloud Backup capabilities for Google Workspace and Salesforce, improving partner operations and customer retention.
AvePoint (NASDAQ: AVPT) has announced an expansion of its FedRAMP (moderate) authorization, validating its SaaS solutions for federal use. This development showcases AvePoint's commitment to maintaining high security standards for public sector clients, including agencies like the U.S. Department of State and NASA. The expanded authorization includes new products such as Cloud Backup for Salesforce and Microsoft Teams solutions. This move aims to bolster confidence in managing sensitive data across various SaaS platforms.
AvePoint (NASDAQ: AVPT) has launched Confide, an innovative virtual data room designed to enhance data security for businesses without compromising efficiency. Confide is fully integrated with Microsoft 365, enabling seamless collaboration for sensitive projects like mergers and acquisitions. Key features include an intuitive setup, robust governance for project permissions, and real-time insights into document activity. This product aims to empower business leaders while reducing the burden on IT teams. AvePoint also introduced Fly, a cloud migration tool.
AvePoint Cloud Backup has been recognized as a Leader in The Forrester New Wave™: SaaS Application Data Protection, Q4 2021. It received the highest current offering score among 10 vendors, achieving the top rating in Microsoft 365, Google Workspace, and Salesforce backup capabilities. The report highlights its advanced security and usability features, including unlimited restores and flexible storage options. AvePoint aims to address the growing need for effective data protection in SaaS applications, emphasizing its commitment to multi-SaaS capabilities.
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