JERSEY CITY, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in data security, governance and resilience, today entered into an agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). This strategic acquisition will drive the continued evolution of Elements, AvePoint’s MSP Platform for greater MSP profitability, increased operational efficiency, scalability, and new security-centric recurring revenue streams.
“We are thrilled to welcome Jorn Wittendorp and the Ydentic team to AvePoint,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder of AvePoint. “This acquisition aligns perfectly with our strategic priority to scale and expand our channel ecosystem. Together, we will enhance automation, service management, and reporting and data insights capabilities for MSPs, creating further competitive differentiation and economic opportunity for our channel partners.”
Founded in 2017, Ydentic provides modern MSPs with smart software that automates IT management tasks, enhances processes and full control for customers. This automation allows MSPs to excel in value creation while reducing operating costs and eliminating knowledge barriers for employees. Ydentic was recently named to Deloitte’s Technology Fast 50 program in the Netherlands, highlighting its impressive growth trajectory and strong domain expertise.
“Joining forces with AvePoint is a tremendous opportunity for Ydentic,” said Jorn Wittendorp, Founder and CEO of Ydentic. “Modern MSPs require modern technology solutions to manage, scale, and grow their practices. Our shared vision of empowering MSPs with cutting-edge technology and automation will drive significant value for our customers and AvePoint’s growing channel business.”
This acquisition is part of AvePoint’s continued investment in the channel business to transform AvePoint Elements into the industry-leading MSP platform. Focusing on data, access, and endpoint security solutions is vital in the age of AI, with industry research firm Canalys estimating that cybersecurity managed services ended 2024 at more than $80 billion.
AvePoint anticipates the acquisition to close at the end of January 2025. To learn more about AvePoint Elements, visit our website.
About AvePoint:
Securing the Future. AvePoint is a global leader in data security, governance, and resilience, and over 21,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments. AvePoint’s global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.
Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC's website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint,” “the Company,” “we,” “our” and “us” refer to AvePoint, Inc. and its subsidiaries.
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