AvePoint Raises $90 Million from Goldman Sachs to Transform Enterprise Collaboration
AvePoint closes a major round of funding with Goldman Sachs to accelerate its global expansion to provide cloud, compliance, governance, and mobility products that offer a complete enterprise collaboration solution
Jersey City, New Jersey — April 11, 2014 — AvePoint, the established leader in enterprise-class big data management, governance, and compliance software solutions for next-generation social collaboration platforms, today announced it has raised $90 million from Goldman Sachs as a minority investor. This investment will help power AvePoint’s continued global expansion and product development as it evolves from providing infrastructure management solutions for SharePoint to offering cloud services, compliance, data governance, and mobility solutions that help stitch together the growing number of disparate collaboration systems and data repositories to enable enterprise collaboration with confidence. RBC Capital Markets acted as exclusive placement agent for this financing.
“Since we first opened our doors in 2001, we have invested heavily in every aspect of our business as we strive to deliver the best solutions to navigate the disruptive technology trends we face today,” said Dr. Tianyi (TJ) Jiang, Co-CEO and Co-Founder, AvePoint. “With the backing of Goldman Sachs, we’re confident we will continue to expand our market presence on a global scale with access to some of the best resources and guidance needed to take AvePoint to the next level.”
The investment follows a year in which AvePoint continued to receive market validation through awards and recognitions while committing to provide a complete story for enabling enterprise collaboration that expands upon infrastructure management.
Cloud Services: With the release of AvePoint Online Services, a fully Windows Azure-based software-as-a-service (SaaS) management platform for Microsoft Office 365 and any cloud-hosted SharePoint environments, enterprises now have a central home for business users, decision makers, and IT administrators to seamlessly access resources and extend cloud computing as their needs dictate. As of publication, AvePoint already supports approximately 1,000,000 Office 365 production users, this even before launching its data governance and compliance SaaS solutions later this Spring.
Compliance: AvePoint Compliance Guardian is a governance, risk, and compliance platform that mitigates privacy, security, and compliance risks across the enterprise with a comprehensive risk management process that allows organizations to document policies, implement and measure them, and demonstrate conformance. AvePoint also joined forces with the International Association of Privacy Professionals to release a community solution, the AvePoint Privacy Impact Assessment System, which helps organizations understand and automate the process of evaluating, assessing, and reporting on the privacy implications of their enterprise IT systems.
Data Governance: With the release of DocAve Governance Automation, organizations can provide content and collaboration platforms as a service to business users by automating the way configurable services are requested, provisioned, and reported.This IT-as-a-service offering includes content management, lifecycle management, and permissions/security management as well as computing resources and storage provisioning.
Mobility: With the release of AvePoint Perimeter, AvePoint completes the story by enabling enterprise collaboration where you work, and how you work. As mobile devices and the need for remote access to content and collaboration platforms become vital for productivity, AvePoint provides enterprise mobility as a service to the workforce with support for mobile content management, remote access with geo-fencing, secure file sharing with time leasing, virtual views, and centralized access controls.
“We chose to invest in AvePoint because of its strong management team, its track record of success, and its proactive development of solutions to meet the future needs of global enterprises,” said David Campbell, Managing Director of the Merchant Banking Division of Goldman Sachs. “AvePoint’s new product sets in cloud, compliance, data governance, and mobility differentiate the company for enterprises seeking to enable a comprehensive enterprise collaboration solution that increases productivity, mitigates risk, and lowers costs.”
AvePoint previously raised funding in 2006 from Summit Partners, a leading global growth equity investor with nearly $15 billion in capital under management. Summit Partners remains a minority investor in AvePoint.
About AvePoint
Collaborate with Confidence: AvePoint provides the most advanced platform to optimize SaaS operations and secure collaboration.
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 https://www.avepoint.com.
