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Avepoint

The meaning of «avepoint»

AvePoint is the largest independent software vendor of SaaS solutions to migrate, manage and protect data in Microsoft 365[2].[3] AvePoint was founded in 2001 and is headquartered in Jersey City, New Jersey. The company also has offices and a strong footprint in the United States, Canada, Australia, South Africa, United Kingdom, France, Germany, Netherlands, Switzerland, Japan, Singapore, and China.

AvePoint was founded by Xunkai (Kai) Gong and Dr. Tianyi (TJ) Jiang after they coded the first AvePoint solution in a public library in Somerset, New Jersey in 2001. Dr. Jiang described his experience in the north tower of the World Trade Center (1973–2001) during 9-11 as a key catalyst driving him to become a software entrepreneur.[4]

One of the company's key milestones was during a 2003 TechEd Microsoft conference session where SharePoint 2003 was unveiled for the first time. After receiving many audience questions regarding an inability for the company to migrate their content to the new solution, Dr. Jiang stood up and announced that DocAve was able to migrate to the new (at the time) platform.[5]

The company was listed in the 2013 Deloitte Fast 500 of the fastest-growing companies in the world,[6] and in Inc. magazine's 2014 "Inc. 500|5000" list of the fastest-growing companies in America.[7]

In 2013, AvePoint's DocAve 6 product was named "Best of TechEd"[8] and the company was named a finalist in three categories in the Microsoft Partner of the Year Awards: Collaboration and Content Partner of the Year, Office/SharePoint App Developer Partner of the Year, and Public Sector Partner of the Year – Public Safety/National Security.[9]

In the 2014 Microsoft Partner of the Year Awards, AvePoint was named the winner of the Public Sector Partner of the Year — Public Safety/National Security category and was a finalist in the Office and SharePoint App Developer Partner of the Year category.[10]

The company was backed by investors Goldman Sachs and Summit Partners, which acquired minority stakes in AvePoint in 2014 and 2007, respectively.[11]

Starting in 2014, AvePoint made a major change to its technology and business models, converting its perpetual license model to a Software as a service model. After being initially challenged by the ongoing costs of the SaaS model and need to adjust partnerships and engagement models,[12] AvePoint's cloud platform would expand across 14 global data centers, with quarterly releases, 24/7 support and ISO/IEC 27001 accreditation.[13] Today AvePoint is one of the largest solution providers in the Microsoft 365 ecosystem,[14] supporting more than 7 million cloud users, including a quarter of the Fortune 500.[15]

In 2019, AvePoint expanded its support of Managed Service Providers and their small to medium sized customers via the channel with agreements with global distribution partners such as Ingram Micro, Synex Systems Corporation, Tech Data and others.[16] The company aims to add 40,000 managed service provider partners by 2022.[17]

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