Filed
by Apex Technology Acquisition Corporation pursuant
to
Rule
425 under the Securities Act of 1933
and
deemed filed pursuant to Rule 14a-12
under
the Securities Exchange Act of 1934
Subject
Company: Apex Technology Acquisition Corporation
Commission
File No.: 001-39048
C
O R P O R A T E P A R T I C I P A N T S
Jeff
Epstein, Co-Chief Executive Officer, Chief Financial Officer
& Secretary Apex Technology Acquisition Corp.
P
R E S E N T A T I O N
Moderator
It’s
time to bring in Jeff Epstein, Co-Chief Executive Officer and Chief
Financial Officer, Secretary, Apex Technology Acquisition
Corp.
And
you’re joining us to talk all about what’s going on here. You tell
us about AvePoint and what this deal is all about.
Jeff
Epstein
Well,
it’s great to be here. Happy Thanksgiving.
AvePoint
is the leading cloud software company for data governance and
management in the Microsoft Cloud ecosystem. When we were looking
for a company to merge with, we had five criteria. We wanted a
company who is growing fast; profitable in a large market with
great technology and experienced technical leadership and we found
all five, check, check, check, check, check. So, we’re very excited
about merging with AvePoint.
Moderator
What
is the timing of this, do you think? This is going onto the Nasdaq,
right and the ticker symbol will change.
Jeff
Epstein
Right.
Our ticker symbol is APXT, we’re a public SPAC and we announced the
deal Monday.
Moderator
Right.
Jeff
Epstein
We
now have to file the merger proxy with the SEC and the deal is
expected to close in the first quarter.
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Moderator
Right.
AVPT, I think, is going to be the new ticker symbol, though I could
be wrong. Tell me about (multiple speakers), what it is
that…
Jeff
Epstein
That
will be the new ticker symbol after it closes.
Moderator
Okay.
Good.
Jeff
Epstein
So,
if people are interested in it now, (inaudible) it’s APXT. Our
company is trading, (multiple speakers) expecting a merger to
happen.
Moderator
Tell
me more about some of the criteria and why now this is the right
point for this?
Jeff
Epstein
Cloud
software is growing very fast within the enterprise software world
and there are 212 cloud software companies today that are public
and if you use those criteria of scale, $150 million up in revenue
in that range. Growth, 25% or faster growth and profitable, 10% or
higher profit margin. Only five of those 212 companies meet that
criteria and AvePoint will be the sixth. We’re growing our ARR and
our recurring revenue by 30%. We have a 14% profit margin and we
have a very large market in the Microsoft ecosystem.
Moderator
I’d
be remiss if I didn’t say you were the former Oracle CFO,
right?
Jeff
Epstein
That’s
right.
Moderator
I
think that you bring a lifetime of experience here into this. This
kind of cloud and data, this is the wave of the future, is it
not?
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Jeff
Epstein
Absolutely.
The amount of data is growing very quickly and the risk of
mismanaging the date for privacy or cyber security point of view is
very large and getting larger. So, what you need is a software like
AvePoint software to manage it and govern it, you have to figure
out who has access to the data. When people leave, you have to
delete the access, you have to figure out when to delete your
(inaudible) data itself. You have to back it up in case some of you
have a cyber security attack and it’s locked up.
All
of these data management governance problems that anyone has in the
Microsoft ecosystem, AvePoint can solve. This is a big problem,
it’s getting bigger and AvePoint is the solution to that
problem.
Moderator
When
we look at what’s going on. I mean, today we’re talking about
Salesforce and Slack. Do you expect some more consolidation in the
industry?
Jeff
Epstein
I’ve
spent a lot of time in venture capital as well and what happens is
the venture capital world finances many start-ups, some of them
grow to be large companies and then they often become acquired by
the larger companies. It’s a constant iteration of new companies
being formed, companies merging and being acquired by the large
ones.
When
I was the CFO at Oracle, we acquired a company, one company every
month or so. So you have the large companies often making
acquisitions and yet you still have so much opportunity that the
venture capital world in technology is thriving.
Moderator
Right.
You’ll be on the Board of the new company, is that
right?
Jeff
Epstein
That’s
right, I’m joining the Board. I’ve served on the Board of Booking
Holdings for 16 years and I joined that Board when it had a $1
billion market value. I retired last year when it had an $80
billion market value. That was very exciting experience for me.
Then I joined the Board of Twilio and I joined Twilio when it had a
$4 billion market value and it’s now over $45 billion. I’m hoping
for the same kind of growth in AvePoint, that’s going to be a
terrific experience over the next number of years.
Moderator
Wow.
The golden touch, it certainly sounds like, Jeff. That being said,
was AvePoint’s sort of relationship with Microsoft very key, the
growth that they’ve been seeing, was that key to the
decision?
Jeff
Epstein
Absolutely.
Microsoft is a tidal wave sweeping through American enterprises.
Under Satya Nadella’s leadership, over the last several years,
Microsoft has gained dramatic share. Teams has grown 50% in the
last six months to 115 million users. Microsoft 365 has 250 million
users, and we sell software to help Microsoft software work better
in terms of governance, management and compliance. We only have 7
million users out of the 250 million Microsoft potential users.
That’s about a 3% market share. That 250 million over the next few
years is going to go to 500 million and we think we can grow our
market share from 3% to 10%.
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to provide an accurate transcription. There may be material errors,
omissions, or inaccuracies in the reporting of the substance of the
conference call. This transcript is being made available for
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Our
target over time is to grow from 7 million users today to 50
million users in the future.
***
Important
Information for Investors and Stockholders
This
transcript relates to a proposed transaction between AvePoint, Inc.
(“AvePoint”) and Apex Technology Acquisition Corporation (“Apex”).
In connection with the proposed transaction, Apex intends to file a
registration statement on Form S-4 with the Securities and Exchange
Commission (the “SEC”), which will also include a document that
serves as a prospectus and proxy statement of Apex, referred to as
a proxy statement/prospectus. A proxy statement/prospectus will be
sent to all Apex shareholders. Apex will file other documents
regarding the proposed transaction with the SEC. Before making any
voting decision, investors and security holders of Apex are urged
to read the registration statement, the proxy statement/prospectus
and all other relevant documents filed or that will be filed with
the SEC in connection with the proposed transaction as they become
available because they will contain important information about the
proposed transaction.
Investors
and security holders will be able to obtain free copies of the
registration statement, the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
by Apex through the website maintained by the SEC at www.sec.gov.
The information contained on, or that may be accessed through, the
websites referenced in this press release is not incorporated by
reference into, and is not a part of, this press
release.
Participants
in the Solicitation
Apex
and its directors and officers may be deemed participants in the
solicitation of proxies of Apex’s stockholders in connection with
the proposed transaction. Apex’s stockholders and other interested
persons may obtain, without charge, more detailed information
regarding the directors and officers of Apex in its Annual Report
on Form 10-K for the year ended December 31, 2019, which has been
filed with the SEC. Additional information will be available in the
definitive proxy statement/prospectus when it becomes
available.
ViaVid has made considerable efforts
to provide an accurate transcription. There may be material errors,
omissions, or inaccuracies in the reporting of the substance of the
conference call. This transcript is being made available for
information purposes only.
1-888-562-0262 1-604-929-1352
www.viavid.com
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