AvePoint, Inc. announced that it expects to receive funding from 65 Equity Partners Holdings Pte. Ltd.
September 17, 2023
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AvePoint, Inc. announced that it has entered into a definitive agreement with the new investor, 65 Equity Partners Holdings Pte. Ltd. to issue 16,666,600 shares of common stock approximately 9.0% of company's total outstanding common stock from Sixth Street on September 18, 2023.
AvePoint, Inc. provides a cloud-native software platform that organizations rely on to optimize information technology (IT) operations, manage critical data and secure the digital workplace. The Companyâs AvePoint Confidence Platform delivers a set of software-as-a-service (SaaS) solutions, empowering users in a variety of technology roles, including IT operations, development operations and cybersecurity to monitor and secure the digital workplace. Built on top of platform-as-a-service (PaaS) architecture, the AvePoint Confidence Platform offers modularity and combines cloud services architecture with industry-specific functionality to address operational challenges and the ongoing management of data, as organizations leverage a variety of third-party cloud vendors. The AvePoint Confidence Platform, and the applications that it powers, is organized into three interconnected suites of functionality, which include The Control Suite, The Resilience Suite and The Modernization Suite.