SINGAPORE, Feb. 28, 2021 /PRNewswire/ -- AvePoint, Inc., one
of the largest Microsoft 365 data management solutions providers,
announced today the global launch of AvePoint EduTech.
The Singapore incorporated
company will boast one of the first holistic SaaS education
management systems directly integrated with Microsoft 365 for
educational institutions and commercial businesses with training
and accreditation needs.
The EduTech platform, consists of three complementary
software-as-a-service solutions that use Microsoft 365 as their
foundation:
- Curricula: A learning management system integrated
directly with Microsoft 365 and Microsoft Teams that deepens
collaboration and enables students to learn anytime, anywhere, on
any device.
- Examena: An exam management system that uses facial
recognition, AI anti-cheat systems and emergency offline mode along
with other advanced technologies to ensure online exams are secure
and fair. The solution also streamlines the exam process—from the
logistics of arranging a testing venue to automated marking—for
both online and physical exams.
- Vitae: A CRM and communications solution that integrates
directly with Microsoft Dynamics 365. Vitae modernizes and
streamlines how institutes of higher learning (IHLs) target,
communicate, measure and manage the lifelong relationships of
prospective students, alumni, donors, commercial partners and other
key stakeholders.
"Higher education deserves better technology solutions. Exam
solutions are simplistic; learning management solutions lack strong
mobile-first, online collaboration functionality; and universities
have been forced to patch together numerous disparate marketing
tools to execute what should be simple student and alumni
communication related tasks," said Dr. Tianyi Jiang, CEO and co-founder,
AvePoint. "EduTech will disrupt this status quo by taking
Microsoft 365 and combining it with some of the most advanced
technologies all tailored to the needs of higher education. It
really is a holistic education technology
modernization-as-a-service offering."
"We believe the higher education model will change more in the
next 5 years than it has in the last 100 years. COVID-19 has been a
shock to a system that hasn't quite evolved from the physical
classroom model of teaching and learning," said Annie Koh, Professor Emeritus of Finance at
Singapore Management University and
AvePoint EduTech Senior industry Advisor. "Even after the pandemic
has passed, the institutes of higher learning that understand the
future is in developing a modular, learn everywhere environment
with rich online collaboration - they are the ones that will
thrive."
"AvePoint is delivering transformation work in education
technology. Their solution is an example of how learning can be
enriched by shifting students, faculty and administrators from
multiple, siloed legacy systems to a next-generation learning
management system built on Microsoft 365," said Gerald Leo, Chief Partner Officer, Microsoft
Singapore. "It can further serve as an industry IP that can be
duplicated within the education sector and further expanded for use
in other vertical industries."
AvePoint EduTech raised $11
million SGD from prominent Singaporean investors.
For more information visit: https://www.avepoint.com/edutech
EDBI invests in AvePoint, Inc. as it goes public
Last November, AvePoint, one of the largest Microsoft 365 data
management solutions providers, announced it will become a publicly
listed company on the NASDAQ stock exchange in a $2 billion USD transaction expected to close at
the end of Q1 2021 or the beginning of Q2 2021.
The company also announced strong 2020 revenue and growth in its
S-4 filing including full year total revenue expected in the range
of $148 million to $151 million, up 29% year over year at the
mid-point.
As a result, of 200 public cloud companies, AvePoint is one of
only five with 2020 estimated revenue in the $150 million range, 2020 estimated year over year
growth above 25% and 2020 estimated EBIT Margin over 10%.
"Going public will allow us to scale our key growth vectors
which include channel marketing, customer success initiatives,
international markets and product innovation," said Dr. Jiang. "In
APAC, we see a great growth opportunity to both accelerate the
digital transformation of organizations and launch new ventures
such as EduTech from our presence in Singapore."
AvePoint aims to increase its penetration in the Asia Pacific region, with an emphasis on
working with channel partners. AvePoint is investing into resources
to support its channel goals as well as its partners from product
to support. Much of this activity will be driven from the company's
Singapore office.
AvePoint Inc also announced an investment by EDBI, a global
Asian-based investor, to support its APAC expansion through
Singapore. As one of the largest
Microsoft 365 data management solutions providers and a five-time
winner of the Global Microsoft Partner of the Year award, the
company has been involved in some of the largest and most complex
modern workplace implementations in Singapore, allowing more than 150 Singaporean
organizations across critical industries such as finance,
education, and government, to realize additional value from their
Microsoft investments.
"AvePoint, with its innovative enterprise solutions, can help
companies streamline data management and digital workplace
collaboration towards greater productivity. We are pleased to
support AvePoint as it expands its activities here in support of
Singapore's digitalization effort,
notably the development and deployment of new software tools to
help redefine digital education in Singapore and the Asia Pacific region," said Chu Swee Yeok, CEO & President of EDBI.
About AvePoint
AvePoint enables you to collaborate with confidence. Our data
management solutions help our diverse, global customer base
overcome complex transformation, governance, and compliance
challenges in the Microsoft cloud. A five-time winner of the Global
Microsoft Partner of the Year award, AvePoint offers the only full
suite of SaaS solutions to migrate, manage and protect data in
Microsoft 365. More than 7 million cloud users, including a quarter
of the Fortune 500, rely on our solutions. Our SaaS solutions are
also available to managed service providers, so they can better
support and manage their small and mid-sized business customers.
Our multi-tenant solutions are available from over a dozen
distributors in more than 100 cloud marketplaces worldwide. For
more information, visit https://www.avepoint.com.
About EDBI
Investing since 1991, EDBI is a Singapore-based global investor in select high
growth technology sectors ranging from Information &
Communication Technology (ICT), Emerging Technology (ET),
Healthcare (HC) and promising Singapore SMEs in strategic
industries. As a value creating investor, EDBI assists companies
achieve their ambitious goals by leveraging our broad network,
resources and expertise. With our growth capital, EDBI supports
companies seeking to expand in Asia and globally through Singapore. For more information, visit
https://www.edbi.com.
Contact: Nicole Caci,
nicole.caci@avepoint.com, 973-349-9637
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SOURCE AvePoint, Inc.