AvePoint Launches Confide, a Virtual Data Room to Power Highly Secure Digital Collaboration

New product addresses the growing need to protect sensitive data, without sacrificing efficiency

Jersey City, N.J., January 19, 2022 – AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management platform provider, today launched Confide, a virtual data room to help businesses manage sensitive data needs, and collaborate with greater confidence. Confide is the only virtual data room fully integrated with Microsoft 365, and hosted on the end-user cloud tenant, providing optimal security and initiation efficiency.

Confide enables businesses to seamlessly work with both internal and external actors, without the concern of data breaches, accidental exposure, and costly mistakes, especially when engaging in highly confidential projects like mergers and acquisitions, financial audits, intellectual property, and executive collaboration. Powered by the same technology behind AvePoint's IT products, Confide provides the following for business leaders:

• Simple Setup: Instead of tasking IT with building a new secure workspace, which can slow down business-critical decisions, Confide empowers business leaders to build their projects intuitively and safely. Seamless integration with Microsoft 365 not only provides familiar user-experience, but it also reduces the number of SaaS solutions required for work.
• Robust Governance: Business leaders can apply and control granular, project-specific permissions that allow full control and transparency across the sensitive project lifecycle. Additionally, secure, in-line communication and task management ensures all discussions occur, and data exists, within the project, as opposed to in email or external chats.
• Real Time Insights and Intelligence: To manage activity within projects, business leaders have centralized access to analytics that show document viewership, editing status, and permissions.

"The importance of securing all business data has never been clearer than in the past two years, against the backdrop of record volume of data breaches, enterprises continuing to amass business data exponentially into Cloud, and more sensitive activities like M&A occurring across the board,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “By equipping business leaders with the same enterprise-grade security functionality we’ve provided IT for years, we continue our commitment securing digital collaboration, which has grown both in scope and importance.”

Unlike other virtual data rooms, Confide is an application where all uploaded data is securely stored within the organization’s own Office 365 tenant. Additionally, Confide was designed to intentionally restrict IT admin access, and only grant access to the business leaders within the organization who should be privy to such sensitive information. This is different from other forms of private channels that exist within Microsoft Teams, Slack or Google Workspace, for example.

“For highly sensitive projects, business leaders should be the ones to control, build, govern and protect that data,” said John Peluso, Chief Product Officer, AvePoint. “AvePoint has always aimed to improve IT operations, and as a result of empowering business leaders through Confide, we can reduce strain on IT teams and enable them to focus on other priorities.”

As part of its commitment to helping businesses collaborate with confidence, AvePoint also launched Fly, its cloud migration product, as a SaaS solution. Now, in addition to migrating from on-prem to the cloud, or from cloud to cloud as a one-time project, Fly can be used to support migrations due to M&A activity or further digital transformation.

To learn more about Confide, attend the virtual launch event on Thursday, January 20th at 11am EST, or visit www.confide.me.

All product and company names herein may be trademarks of their registered owners.