{"id":801121,"date":"2025-01-15T09:32:30","date_gmt":"2025-01-15T14:32:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/avepoint-expands-ai-driven-cybersecurity-and-it-management-capabilities-with-ydentic-acquisition\/"},"modified":"2025-01-15T09:32:30","modified_gmt":"2025-01-15T14:32:30","slug":"avepoint-expands-ai-driven-cybersecurity-and-it-management-capabilities-with-ydentic-acquisition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/avepoint-expands-ai-driven-cybersecurity-and-it-management-capabilities-with-ydentic-acquisition\/","title":{"rendered":"AvePoint Expands AI-Driven Cybersecurity and IT Management Capabilities with Ydentic Acquisition"},"content":{"rendered":"

\nAcquisition underscores AvePoint’s continued commitment to provide Managed Services Providers with an AI-driven platform to manage, optimize, and secure clients\u2019 IT environments with greater operational efficiency, scalability, and new security-centric recurring revenue streams
\n<\/h2>\n
\n

JERSEY CITY, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) — AvePoint<\/u><\/a>\u00a0(NASDAQ: AVPT), the global leader in data security, governance and resilience, today entered into an agreement to acquire Ydentic<\/u><\/a>, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). This strategic acquisition will drive the continued evolution of Elements<\/u><\/a>, AvePoint\u2019s MSP Platform for greater MSP profitability, increased operational efficiency, scalability, and new security-centric recurring revenue streams.\u00a0<\/p>\n

\u201cWe are thrilled to welcome Jorn Wittendorp and the Ydentic team to AvePoint,\u201d said Dr. Tianyi Jiang (TJ), CEO and Co-Founder of AvePoint.\u202f\u201cThis acquisition aligns perfectly with our strategic priority to scale and expand our channel ecosystem. Together, we will enhance automation, service management, and reporting and data insights capabilities for MSPs, creating further competitive differentiation and economic opportunity for our channel partners.\u201d<\/p>\n

Founded in 2017, Ydentic provides modern MSPs with smart software that automates IT management tasks, enhances processes and full control for customers. This automation allows MSPs to excel in value creation while reducing operating costs and eliminating knowledge barriers for employees. Ydentic was recently named to\u00a0Deloitte\u2019s Technology Fast 50 program<\/u><\/a> in the Netherlands, highlighting its impressive growth trajectory and strong domain expertise.<\/p>\n

\u201cJoining forces with AvePoint is a tremendous opportunity for Ydentic,\u201d said Jorn Wittendorp, Founder and CEO of Ydentic.\u202f\u201cModern MSPs require modern technology solutions to manage, scale, and grow their practices. Our shared vision of empowering MSPs with cutting-edge technology and automation will drive significant value for our customers and AvePoint\u2019s growing channel business.\u201d<\/p>\n

This acquisition is part of AvePoint\u2019s continued investment in the channel business to transform AvePoint Elements into the industry-leading MSP platform. Focusing on data, access, and endpoint security solutions is vital in the age of AI, with industry research firm\u00a0Canalys estimating that cybersecurity managed services<\/u><\/a> ended 2024 at more than $80 billion.<\/p>\n

AvePoint anticipates the acquisition to close at the end of January 2025. To learn more about AvePoint Elements, visit our\u00a0website<\/u><\/a>.<\/p>\n

\n About AvePoint:<\/strong>\n <\/p>\n

Securing the Future. AvePoint is a global leader in data security, governance, and resilience, and over 21,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments. AvePoint\u2019s global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit\u00a0www.avepoint.com<\/u><\/a>.<\/p>\n

\n Forward-Looking Statements:<\/strong>\n <\/p>\n

This press release contains certain forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words \u201cbelieve,\u201d \u201cproject,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result,\u201d and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint\u2019s business and changes in AvePoint\u2019s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the \u201cRisk Factors\u201d section of AvePoint\u2019s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC’s website,\u00a0www.sec.gov<\/u><\/a>. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms \u201cAvePoint,\u201d \u201cthe Company,\u201d \u201cwe,\u201d \u201cour\u201d and \u201cus\u201d refer to AvePoint, Inc. and its subsidiaries.<\/p>\n

\n Disclosure Information<\/strong>\u00a0<\/p>\n

AvePoint uses the\u00a0https:\/\/www.avepoint.com\/ir<\/u><\/a>\u00a0website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.<\/p>\n

\n Investor Contact<\/strong>
\n
AvePoint
Jamie Arestia\u202f
ir@avepoint.com<\/u><\/a>
(551) 220-5654<\/p>\n

\n Media Contact<\/strong>
\n
AvePoint
Nicole Caci
pr@avepoint.com<\/u><\/a>
(201) 201-8143<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Acquisition underscores AvePoint’s continued commitment to provide Managed Services Providers with an AI-driven platform to manage, optimize, and secure clients\u2019 IT environments with greater operational efficiency, scalability, and new security-centric recurring revenue streams JERSEY CITY, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) — AvePoint\u00a0(NASDAQ: AVPT), the global leader in data security, governance and resilience, today entered into an agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). This strategic acquisition will drive the continued evolution of Elements, AvePoint\u2019s MSP Platform for greater MSP profitability, increased operational efficiency, scalability, and new security-centric recurring revenue streams.\u00a0 \u201cWe are thrilled to welcome Jorn Wittendorp and the Ydentic team to AvePoint,\u201d said Dr. Tianyi Jiang (TJ), … <\/p>\n

Continue reading “AvePoint Expands AI-Driven Cybersecurity and IT Management Capabilities with Ydentic Acquisition”<\/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-801121","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAvePoint Expands AI-Driven Cybersecurity and IT Management Capabilities with Ydentic Acquisition - 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-expands-ai-driven-cybersecurity-and-it-management-capabilities-with-ydentic-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AvePoint Expands AI-Driven Cybersecurity and IT Management Capabilities with Ydentic Acquisition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition underscores AvePoint’s continued commitment to provide Managed Services Providers with an AI-driven platform to manage, optimize, and secure clients\u2019 IT environments with greater operational efficiency, scalability, and new security-centric recurring revenue streams JERSEY CITY, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) — AvePoint\u00a0(NASDAQ: AVPT), the global leader in data security, governance and resilience, today entered into an agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). 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