AvePoint, Inc. (AVPT): History, Ownership, Mission, How It Works & Makes Money

How exactly has AvePoint, Inc. (AVPT) cemented its role managing complex digital workspaces, projecting substantial 2024 revenues between $313.2 million and $317.2 million? Building on impressive 2023 momentum where SaaS revenue climbed 35%, AvePoint continues to demonstrate its critical value in the Microsoft 365 ecosystem. The company's unique solutions for data protection, governance, and migration are more relevant than ever in our data-centric world. Ready to explore the foundations of its success—from its history and ownership to how it actually operates and generates revenue?

AvePoint, Inc. (AVPT) History

AvePoint's Founding Timeline

The journey of AvePoint began with a clear vision to help organizations collaborate with confidence in the digital workplace.

Year established

2001

Original location

Somerset, New Jersey, USA. The company later moved its headquarters to Jersey City, New Jersey.

Founding team members

Dr. Tianyi Jiang (TJ) and Kai Gong co-founded the company. Dr. Jiang continues to lead as the CEO.

Initial capital/funding

AvePoint was initially bootstrapped by its founders. Early growth was fueled organically through customer revenue before seeking external investment much later in its lifecycle.

AvePoint's Evolution Milestones

From its inception, AvePoint has consistently adapted to the evolving landscape of enterprise collaboration and data management, particularly within the Microsoft ecosystem.

AvePoint's Transformative Moments

Early Focus on SharePoint Niche

Concentrating initially on the underserved market for SharePoint administration tools allowed AvePoint to build deep expertise and a loyal customer base, establishing itself as a leader in that specific segment before broadening its scope.

Embracing the Cloud Shift

Pivoting effectively to support Microsoft Office 365 and subsequently Microsoft 365 was crucial. This foresight enabled AvePoint to retain and grow with its customers as they migrated to the cloud, transforming its own business model towards SaaS.

Going Public via SPAC

The decision to merge with Apex Technology Acquisition Corp. in 2021 provided significant capital and a faster route to public markets compared to a traditional IPO. This move enhanced brand credibility and provided currency for potential acquisitions, significantly altering its financial structure and investor base. Understanding who holds stakes is key; you can delve deeper by Exploring AvePoint, Inc. (AVPT) Investor Profile: Who’s Buying and Why?

Strategic Acquisitions and Partnerships

Throughout its history, AvePoint has selectively acquired companies (like tyGraph in 2023 for analytics) and forged strong partnerships, notably its deep integration with Microsoft, to expand its technological capabilities and market reach continuously.

AvePoint, Inc. (AVPT) Ownership Structure

AvePoint operates as a publicly traded company, resulting in a diverse ownership base comprising institutional investors, company insiders, and the general public. This structure influences its governance and strategic direction, aligning with its broader goals detailed in the Mission Statement, Vision, & Core Values of AvePoint, Inc. (AVPT).

AvePoint's Current Status

As of the end of 2024, AvePoint, Inc. is a publicly traded company. Its shares are listed on the NASDAQ stock exchange under the ticker symbol AVPT.

AvePoint's Ownership Breakdown

The ownership of AvePoint's common stock is distributed among several groups. Based on the latest available filings data pertinent to the 2024 fiscal year, the approximate breakdown is as follows:

Note: These percentages are estimates based on publicly available data from 2024 filings and are subject to change.

AvePoint's Leadership

The strategic direction and day-to-day operations of AvePoint are guided by its senior leadership team and board of directors. Key figures steering the company as of late 2024 include:

• Dr. Tianyi (TJ) Jiang: Co-Founder and Chief Executive Officer
• Kai Gong: Co-Founder and Executive Chairman
• James Caci: Chief Financial Officer
• Board of Directors: Comprising experienced individuals providing oversight and governance.

This leadership team is responsible for executing the company's strategy and ensuring accountability to its diverse shareholders.

AvePoint, Inc. (AVPT) Mission and Values

AvePoint's direction and company culture are shaped by its core purpose and guiding principles, aiming to empower organizations in the digital workspace.

AvePoint's Core Purpose

Official mission statement

The company's mission is to enable organizations to collaborate with confidence in the modern workplace. This focus drives their product development and strategic partnerships, particularly within the Microsoft ecosystem.

Vision statement

AvePoint envisions a future where organizations can seamlessly manage and protect their digital collaboration data. Their goal is to be the dominant data management solutions vendor essential for navigating the complexities of platforms like Microsoft 365, ensuring security and compliance without hindering productivity. You can explore the Mission Statement, Vision, & Core Values of AvePoint, Inc. (AVPT).

Company slogan

AvePoint often operates under the concise slogan: Secure. Comply. Optimize. This reflects its core value proposition to customers dealing with vast amounts of digital information.

AvePoint, Inc. (AVPT) How It Works

AvePoint operates primarily as a Software-as-a-Service (SaaS) provider, offering solutions that help organizations migrate, manage, and protect their data, particularly within Microsoft 365 environments. The company generates revenue largely through recurring subscriptions to its cloud-based platform and related services.

AvePoint's Product/Service Portfolio

AvePoint's Operational Framework

Value creation hinges on continuous innovation within its cloud platform, driven by global research and development teams. AvePoint employs a hybrid go-to-market strategy, utilizing both a direct sales force and an extensive network of channel partners, including Managed Service Providers (MSPs) and Value-Added Resellers (VARs), which contributed significantly to its customer acquisition efforts in 2024. Operations are supported by geographically distributed data centers ensuring service availability and compliance. Customer success is central, maintained through dedicated support teams and professional services engagements, fostering high retention rates, often exceeding 90% for enterprise clients.

AvePoint's Strategic Advantages

• Deep integration and long-standing strategic partnership with Microsoft, aligning product development closely with Microsoft's roadmap.
• A comprehensive, integrated platform addressing the full data lifecycle needs for collaboration systems, reducing the need for multiple point solutions.
• Significant recurring revenue, with subscription services representing over 85% of total revenue based on 2024 performance trends, providing predictable cash flow. Breaking Down AvePoint, Inc. (AVPT) Financial Health: Key Insights for Investors offers more detail on financial stability.
• A large and growing installed base, exceeding 21,000 customers globally by early 2024, providing upsell and cross-sell opportunities.
• Global operational footprint enabling support and sales coverage across major markets worldwide.

AvePoint, Inc. (AVPT) How It Makes Money

AvePoint generates revenue primarily through selling software-as-a-service (SaaS) subscriptions for its data management and protection solutions, complemented by services and maintenance fees. Its platform helps organizations manage, migrate, and protect their Microsoft 365 and other collaboration system data.

AvePoint's Revenue Breakdown

AvePoint's Business Economics

The company operates on a recurring revenue model, dominated by subscriptions typically priced per user or based on the volume of data managed. This focus on SaaS drives predictable income streams. Key cost drivers include significant investments in research and development (R&D) to enhance its software platform, sales and marketing (S&M) expenses to acquire new customers and expand within the existing base, and general and administrative (G&A) costs. AvePoint targets enterprise and mid-market customers heavily invested in the Microsoft ecosystem. Strong customer retention and expansion within the existing client base are crucial for profitability, alongside maintaining healthy gross margins, which stood at a non-GAAP rate of approximately 74.8% in Q3 2024.

AvePoint's Financial Performance

As of late 2024, AvePoint demonstrates continued growth, albeit at a more moderate pace compared to previous hyper-growth phases. Key financial indicators reflect its transition towards greater scale and efficiency.

• Total Revenue: Projected to reach approximately $298.5 million for the full fiscal year 2024, representing a year-over-year growth of around 9.9% from $271.6 million in 2023.
• Annual Recurring Revenue (ARR): A critical SaaS metric, ARR was reported at $271.5 million at the end of Q3 2024, indicating strong future revenue visibility. Continued ARR growth is essential for the company's valuation and aligns with its Mission Statement, Vision, & Core Values of AvePoint, Inc. (AVPT).
• Profitability: While historically focused on growth, AvePoint is showing improving operating leverage. Non-GAAP operating income for fiscal year 2024 is projected to be between $13.5 million and $14.5 million, signaling progress towards sustainable profitability.

The shift from legacy maintenance revenue to subscription-based income strengthens the quality of earnings, though it requires ongoing investment in customer success and product innovation.

AvePoint, Inc. (AVPT) Market Position & Future Outlook

AvePoint holds a significant position within the specialized market for Microsoft 365 data management, migration, and protection solutions, leveraging strong growth in its SaaS offerings which constituted over half its revenue stream by 2024. The company's future outlook hinges on continued cloud adoption trends and expanding its platform capabilities, aiming for sustained double-digit growth, targeting annual recurring revenue (ARR) growth potentially exceeding 20% based on 2024 trends.

Competitive Landscape

The competitive environment is dynamic, featuring both large platform providers and specialized vendors.

Opportunities & Challenges

AvePoint navigates a landscape rich with potential but also marked by distinct hurdles.

Industry Position

AvePoint is recognized as a leader in the niche but critical market of managing and protecting data within the Microsoft Cloud ecosystem. Its strategy focuses on providing a comprehensive suite of tools that often go beyond native capabilities, particularly for complex enterprise needs around migration, governance, and backup. The company has solidified this position through consistent product development and strategic acquisitions, aiming to be the essential third-party partner for organizations heavily invested in Microsoft 365. Understanding the company's core values provides deeper insight into its strategic direction; you can explore the Mission Statement, Vision, & Core Values of AvePoint, Inc. (AVPT). Its performance, with total revenues reaching approximately $271.8 million in 2023 and projected growth towards the $315-320 million range for 2024, underscores its significant role in the industry, particularly driven by SaaS revenue which saw growth rates exceeding 25% year-over-year in 2023-2024 reporting periods.