Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

AvePoint, the Largest Microsoft 365 Data Management Solutions Provider, Announces $2 Billion Merger

Transaction includes a fully committed PIPE of $140 mm anchored by top-tier investors

AvePoint co-founder and current CEO Tianyi (TJ) Jiang to lead the combined company

AvePoint, the largest data management solutions provider for the Microsoft cloud, announced that it has entered into a definitive business combination agreement with Apex Technology Acquisition Corporation, a publicly traded special purpose acquisition company.

Upon closing the transaction, it is expected that the combined company will be named AvePoint and will remain a publicly traded company listed on the Nasdaq Stock Market under a new ticker symbol, “AVPT.” The combined company will be led by Dr. Tianyi Jiang, AvePoint’s co-founder and CEO, and AvePoint co-founder Kai Gong will serve as Executive Chairman.

AvePoint is a leading global Microsoft strategic cloud partner, with solutions that drive large and mid-market customers’ digital transformation journey in the Microsoft cloud.

Recommended AI News: Drone Racing League And Genius Sports Set The Stage For Sports Betting

From its origin of two coders in a Somerset, New Jersey library, AvePoint has grown to serve the largest software-as-a-service (“SaaS”) userbase in the Microsoft 365 ecosystem with more than 7 million cloud users as of September 30, 2020 and an estimated addressable market of $33 billion by 2022 according to IDC.

The Company sells directly to large and mid-market enterprises, and its solutions are also available to managed services providers on more than 100 cloud marketplaces globally.

AvePoint expects to generate approximately $148 million in total revenue for the year ending December 31, 2020, which would be an increase of approximately 26% over 2019 revenue.

Related Posts
1 of 40,394

Over its nearly 20 year history, AvePoint has been first to market with many digital collaboration technologies, such as SharePoint migration, automated Microsoft Teams management, and the ability to migrate Microsoft Teams/Slack chats into the target channel.

The Company launched another first-to-market product during COVID-19–a SaaS solution to provide sensitivity-based security insights and automated policy enforcement to prevent risky oversharing in Microsoft 365. More than half of AvePoint’s workforce are technologists, including the majority of the senior leadership team.

Recommended AI News: Black-Owned SaaS Company CredKred Launches To Put Power Of Credit Repair Back In Consumer Hands

“AvePoint provides critical data management solutions that enable organizations to make their digital collaboration systems more productive, secure and compliant. The impact of COVID-19 and the growth of Microsoft’s cloud solutions, including Microsoft 365 and Microsoft Teams, have accelerated demand for our products. And we were growing prior to COVID-19 as well. We have achieved eight quarters of impressive growth. We have positive free cash flow and are in line with the key ‘Rule of 40’ SaaS industry growth metric,” said Dr. Jiang. “Going public now gives us the ability to meet this demand and scale up faster across product innovation, channel marketing, international markets, and customer success initiatives.”

Apex is led by former Oracle CFO Jeff Epstein and former Goldman Sachs Head of Technology Investment Banking Brad Koenig. Their combined experience includes more than 100 technology IPOs and mergers involving companies such as Microsoft, Oracle and Twilio.

Mr. Epstein will join AvePoint’s Board of Directors as a director and Mr. Koenig will join AvePoint’s Board of Directors as an observer.

“We are thrilled to partner with AvePoint to help thousands of customers protect and manage their Microsoft cloud investments; Microsoft cloud is sweeping through the world’s enterprises. AvePoint is well-positioned to take advantage of this,” said Mr. Epstein. “Of over 200 public cloud companies, AvePoint is one of only five with 2020 estimated revenue in the $150 million range, 2020 estimated year-over-year growth above 25%, and 2020 estimated EBIT Margin over 10%.”

Microsoft has seen its share of the productivity and collaboration market expand to 28% according to a 2020 IDC report. AvePoint is a five-time Global Microsoft Partner of the Year and boasts one of the largest Microsoft 365 development teams outside of Microsoft itself.

“AvePoint has partnered with Microsoft closely for nearly two decades in helping organizations maximize their Microsoft investments,” said Gavriella Schuster, Corporate Vice President, One Commercial Partner, Microsoft. “AvePoint’s merger to become a public company demonstrates the power of Microsoft’s channel and the opportunity it provides our partners to flourish long-term.”

Recommended AI News: TreasuryXpress Receives The IDC 2020 SaaS TMS Customer Satisfaction Award

37 Comments
  1. It’s actually a cool and helpful piece of info.
    I’m satisfied that you simply shared this useful info with us.

    Please keep us up to date like this. Thank you for sharing.

  2. It is perfect time to make some plans for the long run and it is time
    to be happy. I have learn this post and if
    I may I desire to counsel you some interesting things or suggestions.
    Maybe you can write subsequent articles referring to this article.
    I desire to read more issues approximately it!

  3. Good info. Lucky me I ran across your website by chance (stumbleupon).
    I have bookmarked it for later!

  4. Very great post. I simply stumbled upon your blog
    and wished to mention that I’ve truly loved browsing your weblog posts.

    After all I’ll be subscribing in your rss feed and I’m hoping you write once more soon!

  5. aankoop fosamax België online says

    Hello! Someone in my Myspace group shared this website with us so I came to check
    it out. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my
    followers! Excellent blog and excellent design.

  6. Medikamente ohne Risiko kaufen says

    Great post. I was checking constantly this blog and I am impressed!
    Very useful information specifically the last
    part 🙂 I care for such information a lot. I was seeking this particular information for a very
    long time. Thank you and best of luck.

  7. First of all I want to say awesome blog! I had a quick question that I’d like to ask
    if you don’t mind. I was interested to know how you center
    yourself and clear your thoughts before writing.
    I have had trouble clearing my mind in getting my thoughts out.
    I do take pleasure in writing but it just seems like the first 10 to 15 minutes are
    generally wasted simply just trying to figure out how to begin. Any
    recommendations or tips? Cheers!

  8. Howdy! Quick question that’s entirely off topic. Do you know how to make your site
    mobile friendly? My website looks weird when viewing from my apple iphone.
    I’m trying to find a template or plugin that might be able
    to resolve this problem. If you have any recommendations, please share.
    Appreciate it!

  9. You need to be a part of a contest for one of the finest sites on the net.

    I’m going to recommend this site!

  10. This site was… how do you say it? Relevant!! Finally I have found something that helped me.

    Thanks!

  11. Metal reclaiming yard center services Ferrous material shipping Iron waste reprocessing operations

    Ferrous metal shredding, Iron recycle center, Scrap metal baling

  12. Copper scrap material sourcing says

    Global copper scrap trade Copper scrap track and trace Scrap metal restoration
    Copper cable scrap export restrictions, Metal recycling solutions yard, Copper strip recycling

  13. Aaron says

    Everyone must take caution before sending personal information over the Internet and through chat with cam girls live.

  14. medicamentos recomendado por médicos en La Paz
    Elisium Cardito Preis für verschreibungspflichtige Medikamente

  15. comprar medicamentos en España zydus Gleisdorf
    Medikamente über Websites kaufen

  16. сонник если приснилось золотое
    кольцо гороскоп на 2023 год близнецы от павла глобы по месяцам, павел глоба гороскоп
    по дате рождения сонники голова без тела
    снится мужчина в белой рубашке к чему шишка в носу фото,
    твердая шишка в носу

  17. medicijnen verkrijgbaar zonder recept in Utrecht, Nederlandse
    apotheek Medcor Vlaardingen acheter des tablettes au royaume-uni
    en ligne

  18. I’m more than happy to find this web site. I wanted to thank you for your time just for this fantastic read!!
    I definitely really liked every part of it and I have you book-marked to see
    new information in your blog.

  19. көркем сөз абай құнанбаев,
    абай құнанбаев өлеңдері оңай
    білім сапасы дегеніміз не,
    білім сапасын арттырудың тиімді жолдары слайд дутбаева
    колледж атырау адрес, пед колледж атырау профессии топырақтың
    құнарлы болуы неге байланысты, топырақ құнарлығы реферат

  20. metryl österreich bestellen says

    médicaments pour une vie sans soucis Mochida La Possession medicamentos para
    ordenar en Argentina

  21. газель в рассрочку без банка, купить
    авто в рассрочку без банка инновациялық технология деген не, білім берудегі инновациялық
    технологиялар экологиялық таза
    энергия көзі, – күн энергиясы
    және оны қолдану салалры; қазақ тілі орыс топтарына балабақшада,
    балабақшадағы қазақ тілі
    сабағынан ашық сабақтар

  22. ағам бар менің текст ұлыма әні скачать, ұлым менің mp3 грузин тіл
    әулеті, негізгі тілдік топтар партаның үстінде екі
    екіден, музейге 6 қыз барды. ал ұлдардың олардан

  23. compra de medicamentos en Brasil lek Scherpenheuvel-Zichem Comprar tabletas en línea sin receta

  24. дұға ұтыс лотосы, алладан көмек сұрау
    дұғасы текст расчес ваты в алматы, жүн түту атырау тіл не үшін қажет,
    тіл туралы эссе тақырыптары болашақ мен
    үшін жарқын, жастардың болашағы жарқын эссе

  25. атамұра баспасы прайс лист адам тамыр деген не, алтын тамыр
    дайындау донгелектин диаметри
    мен радиусын табу, шеңбердің диаметрі неше радиусқа тең жалпы конкурс мемлекеттік
    қызмет, мемлекеттік қызмет вакансия

  26. тіл саясаты комитетінің сайты, ғылым және білім что нужно для
    макияжа для начинающих, что нужно для макияжа фото пиза есептері
    9 сынып жауаптарымен, пиза есептері жауаптарымен фридом финанс банк, фридом финанс банк
    оплатить кредит

  27. база отдыха алмас бриллиант, база отдыха бриз беспорядки в астане сегодня, чп астана сегодня
    ақмола облысы экономикасы, ақмола облысының өсімдіктері ақ қоян ау
    ақ қоян, ұзын құлақ сұр қоян тақпақ

  28. сколько стоит земельный участок, земельный участок алматы бесплатно прототүрік мәдениеті, орта
    азияның ортағасырлық мәдениеті тіл үйрену
    сөйлем, екі тілді білген – екі адам.
    қазақ тілі – қандай тіл банк центркредит атырау адрес привокзальный, банк центркредит колл
    центр

  29. сени ойлаумен отеди уакыт, кутеди сени омирде
    жарык ремикс скачать лайфстайл телеграм-каналы,
    крутые телеграм каналы для девушек дайын үй
    жұмысы 5 сынып орыс тілі, дайын үй жұмыстары
    5 – сынып ақпараттық жүйелердің жіктелуі, ақпараттық жүйелердің қауіпсіздік модельдері

  30. жүргізуші куәлігін алу тест онлайн, жүргізуші куәлігін
    сатып алу kazdream стажировка, kazdream hh күліп жүр дәл осылай күрсінбе, күліп жүр скачать госзакупки поиск, как войти
    в госзакупки

  31. су сөзіне синоним, су туралы мақал
    отстранение от работы – это, приказ на отстранение от работы образец рк ақылды мақал мәтелдер, ақыл білім туралы мақал-мәтелдер қылмыстық жауаптылықтың түсінігі, қылмыстық жауаптылық және оның негіздері

  32. You could definitely see your enthusiasm in the work you write.
    The arena hopes for more passionate writers such as you who are not afraid
    to say how they believe. Always follow your heart.

  33. Lolita says

    Hello Guys let me blonde free live webcams with girls with you and lets have Fun hehehhehe

  34. камень козерогам для привлечения любви к
    чему сниться что тебя обнимает покойник какие знаки зодиака плохие водители
    самые чистоплотные мужчины по знаку зодиака гороскоп на вечер рак мужчина

  35. поступили деньги в кассу с расчетного счета проводка
    рк, счет деньги в пути какую первую машину купить студенту, какую машину купить после получения прав мейлі
    біреу сені дұшпан санасын текст, өз өзіңді жақсы көр
    дархан даулет солтүстік қазақстан облысының экологиялық
    жағдайы, солтүстік қазақстан еңбек ресурстары

  36. в каком месяце стрелец по знаку зодиака к чему снится потеряться в магазине сонник икс мультики смотреть
    молитвы на порог дома молитва о выздоровление ног

  37. выставка атырау нефть и газ 2023, нефть и газ в узбекистане клиника рахат педиатр, клиника рахат инфекционист бөлу кестесі
    2 сынып, 2 ге көбейту кестесі 2 сынып
    қмж ғажайып қыс сөйлеуді дамыту,
    ғажайып қыс 4 сынып

Leave A Reply

Your email address will not be published.