AvePoint

AvePoint

Cloud and data management solutions provider

About

AvePoint provides cloud, compliance, data governance, and management solutions aimed at helping organizations with their digital transformation. The company offers software tools that facilitate the migration, management, and protection of data in cloud environments, particularly for platforms like Office 365 and SharePoint. Their products ensure compliance with regulations and enhance data security and governance. Unlike many competitors, AvePoint focuses on large enterprises, government agencies, and not-for-profits, with a strong commitment to social responsibility, including software donations to non-profits. The goal of AvePoint is to empower organizations to improve productivity and collaboration while effectively managing their data in the cloud.

Company Stage

IPO

Employees

1,001-5,000

Industries

Enterprise Software, Social Impact, Cybersecurity

Total Funding

$418.3M

Headquarters

N/A

Founded

2001


Simplify Jobs

Simplify's Take

What believers are saying

  • Winning the 2024 Microsoft Partner of the Year Award enhances AvePoint's credibility and visibility in the industry.
  • Significant investments, such as the $3.59 million from Russell Investments Group Ltd., indicate strong financial backing and growth potential.
  • The launch of AI-powered solutions like AvePoint Opus and Cloud Backup Express demonstrates the company's commitment to innovation and staying ahead of technological trends.

What critics are saying

  • The competitive landscape in cloud solutions and data governance is intense, requiring continuous innovation to maintain a leading position.
  • Expanding FedRAMP authorization and launching new products may strain resources and operational capabilities.

What makes AvePoint unique

  • AvePoint's strong focus on compliance and data governance sets it apart in the cloud solutions market, particularly for large enterprises and government agencies.
  • The company's extensive global presence with 16,000 customers and 7 million cloud users across 88 countries highlights its market penetration and reliability.
  • Partnerships with organizations like TechSoup and initiatives like Voices for Innovation underscore AvePoint's commitment to social responsibility, which is a unique value proposition.

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Growth & Insights
Headcount

6 month growth

13%

1 year growth

25%

2 year growth

29%

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