{"id":446508,"date":"2021-02-28T20:33:32","date_gmt":"2021-03-01T01:33:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=446508"},"modified":"2021-02-28T20:33:32","modified_gmt":"2021-03-01T01:33:32","slug":"avepoint-launches-edutech-to-improve-higher-education-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/avepoint-launches-edutech-to-improve-higher-education-technology\/","title":{"rendered":"AvePoint Launches EduTech To Improve Higher Education Technology"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">EDBI Named as One of Several New AvePoint, Inc. Investors as Company Moves Toward Public Listing<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SINGAPORE<\/span>, <span class=\"xn-chron\">Feb. 28, 2021<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3076643-1&amp;h=1423094241&amp;u=https%3A%2F%2Fwww.avepoint.com%2F&amp;a=AvePoint%2C+Inc.\" rel=\"nofollow noopener noreferrer\">AvePoint, Inc.<\/a>, one of the largest Microsoft 365 data management solutions providers, announced today the global launch of AvePoint EduTech.<\/p>\n<p>The <span class=\"xn-location\">Singapore<\/span> 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.<\/p>\n<p>The EduTech platform, consists of three complementary software-as-a-service solutions that use Microsoft 365 as their foundation:<\/p>\n<ul type=\"disc\">\n<li>\n          <b>Curricula<\/b>: 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. <\/li>\n<li>\n          <b>Examena:<\/b> 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\u2014from the logistics of arranging a testing venue to automated marking\u2014for both online and physical exams. <\/li>\n<li>\n          <b>Vitae<\/b>: 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.<\/li>\n<\/ul>\n<p>&#8220;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,&#8221; said Dr. <span class=\"xn-person\">Tianyi Jiang<\/span>, CEO and co-founder, AvePoint.\u00a0&#8220;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.&#8221;<\/p>\n<p>&#8220;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&#8217;t quite evolved from the physical classroom model of teaching and learning,&#8221; said <span class=\"xn-person\">Annie Koh<\/span>, Professor Emeritus of Finance at <span class=\"xn-org\">Singapore Management University<\/span> and AvePoint EduTech Senior industry Advisor. &#8220;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 &#8211; they are the ones that will thrive.&#8221;<\/p>\n<p>&#8220;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,&#8221; said <span class=\"xn-person\">Gerald Leo<\/span>, Chief Partner Officer, Microsoft Singapore. &#8220;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.&#8221;<\/p>\n<p>AvePoint EduTech raised <span class=\"xn-money\">$11 million<\/span> SGD from prominent Singaporean investors. <\/p>\n<p>For more information visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3076643-1&amp;h=38398123&amp;u=https%3A%2F%2Fwww.avepoint.com%2Fedutech&amp;a=https%3A%2F%2Fwww.avepoint.com%2Fedutech\" rel=\"nofollow noopener noreferrer\">https:\/\/www.avepoint.com\/edutech<\/a><\/p>\n<p>\n        <b>EDBI invests in AvePoint, Inc. as it goes public<\/b>\n      <\/p>\n<p>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 <span class=\"xn-money\">$2 billion USD<\/span> transaction expected to close at the end of Q1 2021 or the beginning of Q2 2021. <\/p>\n<p>The company also announced strong 2020 revenue and growth in its S-4 filing including full year total revenue expected in the range of <span class=\"xn-money\">$148 million<\/span> to <span class=\"xn-money\">$151 million<\/span>, up 29% year over year at the mid-point. <\/p>\n<p>As a result, of 200 public cloud companies, AvePoint is one of only five with 2020 estimated revenue in the <span class=\"xn-money\">$150 million<\/span> range, 2020 estimated year over year growth above 25% and 2020 estimated EBIT Margin over 10%.<\/p>\n<p>&#8220;Going public will allow us to scale our key growth vectors which include channel marketing, customer success initiatives, international markets and product innovation,&#8221; said Dr. Jiang. &#8220;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 <span class=\"xn-location\">Singapore<\/span>.&#8221;<\/p>\n<p>AvePoint aims to increase its penetration in the <span class=\"xn-location\">Asia Pacific<\/span> 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&#8217;s <span class=\"xn-location\">Singapore<\/span> office. <\/p>\n<p>AvePoint Inc also announced an investment by EDBI, a global Asian-based investor, to support its APAC expansion through <span class=\"xn-location\">Singapore<\/span>. 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 <span class=\"xn-location\">Singapore<\/span>, allowing more than 150 Singaporean organizations across critical industries such as finance, education, and government, to realize additional value from their Microsoft investments.<\/p>\n<p>&#8220;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 <span class=\"xn-location\">Singapore&#8217;s<\/span> digitalization effort, notably the development and deployment of new software tools to help redefine digital education in <span class=\"xn-location\">Singapore<\/span> and the <span class=\"xn-location\">Asia Pacific<\/span> region,&#8221; said <span class=\"xn-person\">Chu Swee Yeok<\/span>, CEO &amp; President of EDBI.<\/p>\n<p>\n        <b>About AvePoint<\/b>\n      <\/p>\n<p>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 <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3076643-1&amp;h=1292991854&amp;u=https%3A%2F%2Fwww.avepoint.com%2F&amp;a=https%3A%2F%2Fwww.avepoint.com\" rel=\"nofollow noopener noreferrer\">https:\/\/www.avepoint.com<\/a>.<\/p>\n<p>\n        <b>About EDBI<\/b>\n      <\/p>\n<p>Investing since 1991, EDBI is a <span class=\"xn-location\">Singapore<\/span>-based global investor in select high growth technology sectors ranging from Information &amp; 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 <span class=\"xn-location\">Asia<\/span> and globally through <span class=\"xn-location\">Singapore<\/span>. For more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3076643-1&amp;h=3376231405&amp;u=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fwww.edbi.com__%3B!!PWRdorDjEw!CrLR0dCmZW5_k-BsJdeA6fRbCi4_zD3WvBm0wzljMUd1mtJrTMGB4aZfVQcK-PdMXpFq%24&amp;a=https%3A%2F%2Fwww.edbi.com\" rel=\"nofollow noopener noreferrer\">https:\/\/www.edbi.com<\/a>.<\/p>\n<p>Contact: <span class=\"xn-person\">Nicole Caci<\/span>, <a href=\"mailto:nicole.caci@avepoint.com\" rel=\"nofollow\">nicole.caci@avepoint.com<\/a>, 973-349-9637<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY88861&amp;sd=2021-02-28\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/avepoint-launches-edutech-to-improve-higher-education-technology-301235999.html\">http:\/\/www.prnewswire.com\/news-releases\/avepoint-launches-edutech-to-improve-higher-education-technology-301235999.html<\/a><\/p>\n<p>SOURCE  AvePoint, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY88861&amp;Transmission_Id=202102282030PR_NEWS_USPR_____NY88861&amp;DateId=20210228\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EDBI Named as One of Several New AvePoint, Inc. Investors as Company Moves Toward Public Listing PR Newswire SINGAPORE, Feb. 28, 2021 \/PRNewswire\/ &#8212; 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/avepoint-launches-edutech-to-improve-higher-education-technology\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AvePoint Launches EduTech To Improve Higher Education Technology&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-446508","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AvePoint Launches EduTech To Improve Higher Education Technology - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/avepoint-launches-edutech-to-improve-higher-education-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AvePoint Launches EduTech To Improve Higher Education Technology - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EDBI Named as One of Several New AvePoint, Inc. Investors as Company Moves Toward Public Listing PR Newswire SINGAPORE, Feb. 28, 2021 \/PRNewswire\/ &#8212; 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. 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Investors as Company Moves Toward Public Listing PR Newswire SINGAPORE, Feb. 28, 2021 \/PRNewswire\/ &#8212; 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. 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