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AvePoint, Inc. reports developments in AI data protection, data security, governance and resilience for cloud collaboration environments. The company’s AvePoint Confidence Platform is used to secure, govern and recover data across Microsoft, Google, Salesforce and other cloud ecosystems, with product updates focused on lifecycle control, multicloud governance, backup, rapid recovery and automation.
Recurring AvePoint news includes SaaS revenue, annual recurring revenue and operating results, along with platform releases such as AgentPulse Command Center for AI agent observability, governance and cost control. Company updates also cover managed service provider research, partner ecosystem activity, investor conference participation and cloud-marketplace distribution.
AvePoint (Nasdaq: AVPT) has announced the general availability of Cloud Backup Express, a data protection solution using Microsoft 365 Backup Storage. This new offering provides:
- 20x faster data backup and recovery than traditional cloud backup
- Advanced in-product integrations with Microsoft 365 Backup Storage
- Comprehensive security and compliance features
- Multi-cloud security framework for protecting various enterprise workloads
The solution addresses growing concerns about data privacy and security in AI implementation. AvePoint's CTO, John Peluso, emphasizes the importance of data protection, classification, and governance in today's business environment. The company's partnership with Microsoft has been further strengthened, with AvePoint earning its sixth global Microsoft Partner of the Year award.
AvePoint (NASDAQ: AVPT), a global leader in data management and governance, will announce its second quarter 2024 financial results on August 8, 2024, after US markets close. The company will host a conference call at 4:30pm ET the same day, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci. They will discuss results, current business trends, and conduct a Q&A session.
Participants can join the call by dialing 1-833-816-1428 (US) or 1-412-317-0520 (international) with passcode 3133340. A live webcast will be available on AvePoint's Investor Relations website, with a replay accessible for about 90 days. AvePoint serves over 21,000 customers globally and has a channel partner program with 3,500+ service providers, resellers, and integrators.
AvePoint (Nasdaq: AVPT) has won its sixth global Microsoft Partner of the Year Award, this time in the Education category, as announced on June 26, 2024. The award recognizes outstanding innovation and implementation of customer solutions based on Microsoft technology. AvePoint's AI-powered MaivenPoint edtech platform and AI chatbot for Fairfield Primary School were significant contributors to this recognition. Additionally, the company collaborated with NTUC LearningHub and Singapore Quality Institute, saving over 2,500 hours annually through AI and machine learning enhancements. Regional achievements include two Microsoft Singapore Partner of the Year Awards and being a finalist for the Microsoft APAC ISV Partner of the Year Award.
AvePoint (Nasdaq: AVPT) has been recognized on Inc.’s annual Best Workplaces list for 2024, highlighting its exceptional workplace culture in the software industry.
This distinction underscores AvePoint's commitment to its employees, which has been integral to its innovation and growth. Evaluations included surveys on management effectiveness and benefits, where AvePoint scored ten percentage points higher than average.
Founded in 2001, AvePoint has grown from a small startup to a 2,600-person global organization, maintaining its entrepreneurial spirit and focus on internal mobility, rewards, and enablement programs.
Recent accolades also include recognition by BuiltIn as one of the best places to work in the U.S. for the third year in seven major cities.
AvePoint (NASDAQ: AVPT) reported strong financial results for the first quarter of 2024, with SaaS revenue reaching $51.3 million, a 44% year-over-year growth. Total revenue was $74.5 million, up 25% from the same period last year. The company's gross profit increased to $54.1 million, and non-GAAP operating income was $6.6 million. AvePoint also raised its full-year outlook for total ARR, total revenues, and non-GAAP operating income. The company's cash, cash equivalents, and short-term investments stood at $219.3 million as of March 31, 2024.
AvePoint (Nasdaq: AVPT) will participate in upcoming investor conferences to present their advanced platform optimizing SaaS operations and secure collaboration. The company's executive team will attend various conferences, providing live and archived webcasts for investors.
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