AvePoint

AvePoint was founded by Xunkai (Kai) Gong and Dr. Tianyi (TJ) Jiang after they coded the first AvePoint solution in a public library in Somerset, New Jersey in 2001. Dr. Jiang described his experience in the north tower of the World Trade Center (1973–2001) during 9-11 as a key catalyst driving him to become a software entrepreneur.[4]

One of the company's key milestones was during a 2003 TechEd Microsoft conference session where SharePoint 2003 was unveiled for the first time. After receiving many audience questions regarding an inability for the company to migrate their content to the new solution, Dr. Jiang stood up and announced that DocAve was able to migrate to the new (at the time) platform.[5]

The company was listed in the 2013 Deloitte Fast 500 of the fastest-growing companies in the world,[6] and in Inc. magazine's 2014 "Inc. 500|5000" list of the fastest-growing companies in America.[7]

In 2013, AvePoint's DocAve 6 product was named "Best of TechEd"[8] and the company was named a finalist in three categories in the Microsoft Partner of the Year Awards: Collaboration and Content Partner of the Year, Office/SharePoint App Developer Partner of the Year, and Public Sector Partner of the Year – Public Safety/National Security.[9]

In the 2014 Microsoft Partner of the Year Awards, AvePoint was named the winner of the Public Sector Partner of the Year — Public Safety/National Security category and was a finalist in the Office and SharePoint App Developer Partner of the Year category.[10]

The company was backed by investors Goldman Sachs and Summit Partners, which acquired minority stakes in AvePoint in 2014 and 2007, respectively.[11]

Starting in 2014, AvePoint made a major change to its technology and business models, converting its perpetual license model to a Software as a service model. After being initially challenged by the ongoing costs of the SaaS model and need to adjust partnerships and engagement models,[12] AvePoint's cloud platform would expand across 14 global data centers, with quarterly releases, 24/7 support and ISO/IEC 27001 accreditation.[13] Today AvePoint is one of the largest solution providers in the Microsoft 365 ecosystem,[14] supporting more than 7 million cloud users, including a quarter of the Fortune 500.[3]

In 2019, AvePoint expanded its support of Managed Service Providers and their small to medium sized customers via the channel with agreements with global distribution partners such as Ingram Micro, Synex Systems Corporation, Tech Data and others.[15] The company aims to add 40,000 managed service provider partners by 2022.[16]

In January, 2020 the company announced a $200 million Series C investment led by TPG Sixth Street Partners, with additional participation from prior investor Goldman Sachs and other unnamed investors. The round brought the total raised to $294 million to date.[17]

In November 2020, AvePoint reached a deal to go public through a merger with blank-check company Apex Technology Acquisition Corp.(APXT). The transaction valued AvePoint at $2 billion and kept AvePoint co-founders Dr. Tianyi Jiang and Kai Gong as CEO and Executive Chairman respectively. The new company will be named AvePoint and will trade on the Nasdaq Stock Market under the symbol AVPT once the deal closes in the first quarter of 2021.[2]

At the time of the announcement, AvePoint disclosed that it 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. Out of more than 200 public software companies, AvePoint is one of 5 with annual revenue around $150 million, a growth rate of about 30% and positive EBIT margin of about 20%.[18]

The AvePoint cloud is hosted on more than 14 data centers across the world in 4 different languages. Some of the SaaS solutions include:

AvePoint Cloud Backup supports unlimited cloud-to-cloud backup for Microsoft 365, Dynamics and Salesforce.[19]

AvePoint Cloud Governance automates the provisioning, management, and lifecycle for Microsoft 365 workspaces including Teams, Sites and Groups.[20]

AvePoint Policies and Insights finds, prioritizes, fixes and enforces Microsoft 365 security controls.[21]

AvePoint Cloud Records manges physical and electronic records in Microsoft 365.[22]

AvePoint FLY migrates from more than a dozen source environments including SharePoint, file shares, Box, Dropbox, and Microsoft 365 to target environments including Microsoft 365 Teams, Groups, Exchange, OneDrive, and SharePoint.[23]

AvePoint's DocAve Software Platform is a governance and infrastructure management platform for SharePoint.[24] The platform features products with migration, integration, management, optimization, protection, and reporting capabilities for SharePoint. .[25]

DocAve Governance Automation, first released in June 2012, is a product for enforcing and creating governance policies for SharePoint through the enablement of service request management.[26]

AvePoint Compliance Guardian provides protection against content leaks in Microsoft 365, Dropbox, Box, and about a dozen cloud services along with any misuse, through implementation of security settings, permissions, and tagging by assigning policy access rights and permissions to content in SharePoint and file shares.[27]

DocAve File Share Navigator is a SharePoint-based product for file shares. It allows for retrieving of file share content through SharePoint without the need for migration. File Share Navigator allows file share content to be tagged, browsed, and previewed through SharePoint.[28]

AvePoint Meetings is a Microsoft SharePoint application in which users can track notes, actions, and decisions made in meetings against agenda items.[29]

AvePoint Perimeter is a product designed to help organizations establish governance and security policies so that they can enable workers remote access to Microsoft SharePoint content repositories from secure devices and locations.[30]

DocAve Cloud Connect is a product designed to enable SharePoint Online and box.com users to synchronize, search, edit, and share all of the content stored in both repositories in one location.[31]