AvePoint Establishes New $100 Million SGD International R&D Hub in Singapore
AvePoint commits to hiring over 500 local professionals by 2026
SINGAPORE, Aug. 26, 2022 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management platform provider, today announced its newly established $100 million SGD international R&D Hub in Singapore, which will act as a major hub within the company’s worldwide R&D network and foster local talent to support the growing global demand for B2B SaaS solutions. Through its new investment supported by EDBI, the investment arm of Singapore's Economic Development Board, and Digital Industry Singapore (DISG), AvePoint will also advance its IT and digital infrastructure as well as global trade connectivity to continue its international expansion.
At the opening ceremony earlier today, Minister for Trade and Industry Singapore, Mr. Gan Kim Yong, joined AvePoint to usher in a new commitment to innovation in APAC. The ceremony was held at AvePoint’s new office located at Galaxis, One North.
“AvePoint has worked closely with the Singapore government, education and enterprise organizations to advance our digital transformation efforts over the last thirteen years, so it was a privilege to have our key partners and investors celebrate this moment with us,” said Dr. Tianyi Jiang (TJ), Co-Founder and CEO, AvePoint. “Establishing our International R&D Hub and Asia headquarters in Singapore reflects both the historical success we’ve had with valued partners, including Microsoft, as well as the promise we see in this country and the broader APAC region. It is a critical step in advancing our key growth vector to continue our international expansion.”
The R&D Hub investment will see AvePoint hire and train over 500 digital professionals by 2026, nearly tripling its existing team of product and technology professionals in roles such as business analysts, data scientists, software architects and Microsoft-certified engineers in Singapore. The company will provide robust professional development opportunities, empower local leadership, and invest in collaborative recruitment with local education institutions. With the growth of a vibrant R&D community in Singapore, AvePoint intends to continue product innovation to address modern digital challenges including hybrid work collaboration, security, responsible use of artificial intelligence, blended learning, and well-being.
Over the last decade, AvePoint has delivered multiple innovative solutions including a SaaS Shared Training Management System for six institutes of higher learning in Singapore. The R&D Hub will ensure continued innovation in the edtech domain, to empower future generations and create access to quality education for our digital future.
“AvePoint’s R&D and product capabilities will contribute to meeting global demand for B2B SaaS solutions from Singapore. This is a testament to Singapore’s strong tech ecosystem for talent, business and innovation,” said Chan Ih Ming, Senior Vice President of DISG. “We look forward to partnering with AvePoint to support digital transformation for enterprises through innovative and purpose-driven technologies.”
In addition to anchoring the development of new products and solutions for Singapore and the global market, AvePoint’s new location will strengthen global cloud resilience for customers, support data sovereignty, strengthen multi-cloud security, and ensure regional businesses are supported at the local level. As more organizations in APAC digitize and require SaaS solutions, AvePoint sees a critical need to expand its presence in the region and support growing customer demand.
To learn more about AvePoint’s new International R&D Hub and Asia HQ in Singapore, please visit www.avepoint.com/sg.
AvePoint uses the https://ir.avepoint.com/ website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Collaborate with confidence. AvePoint provides the most advanced platform for SaaS and data management to optimize SaaS operations and secure collaboration. More than 9 million cloud users rely on our solutions. Our SaaS solutions are also available to managed service providers via more than 100 cloud marketplaces, so they can better support and manage their small and mid-sized business customers. Founded in 2001, AvePoint is a five-time Global Microsoft Partner of the Year and headquartered in Jersey City, New Jersey. For more information, visit https://www.avepoint.com.
Source: AvePoint, Inc.
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