AvePoint Launches Confide, a Virtual Data Room to Power Highly Secure Digital Collaboration
AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management
platform provider, today launched Confide, a virtual data room to
help businesses manage sensitive data needs, and collaborate with
greater confidence. Confide is the only virtual data room fully
integrated with Microsoft 365, and hosted on the end-user cloud
tenant, providing optimal security and initiation efficiency.
Confide enables businesses to seamlessly work with both internal
and external actors, without the concern of data breaches,
accidental exposure, and costly mistakes, especially when engaging
in highly confidential projects like mergers and acquisitions,
financial audits, intellectual property, and executive
collaboration. Powered by the same technology behind AvePoint's IT
products, Confide provides the following for business leaders:
- Simple Setup: Instead of tasking IT with
building a new secure workspace, which can slow down
business-critical decisions, Confide empowers business leaders to
build their projects intuitively and safely. Seamless integration
with Microsoft 365 not only provides familiar user-experience, but
it also reduces the number of SaaS solutions required for
- Robust Governance: Business leaders can apply
and control granular, project-specific permissions that allow full
control and transparency across the sensitive project lifecycle.
Additionally, secure, in-line communication and task management
ensures all discussions occur, and data exists, within the project,
as opposed to in email or external chats.
- Real Time Insights and Intelligence: To manage
activity within projects, business leaders have centralized access
to analytics that show document viewership, editing status, and
"The importance of securing all business data has never been
clearer than in the past two years, against the backdrop of record
volume of data breaches, enterprises continuing to amass business
data exponentially into Cloud, and more sensitive activities like
M&A occurring across the board,” said Dr. Tianyi Jiang (TJ),
CEO and Co-Founder, AvePoint. “By equipping business leaders with
the same enterprise-grade security functionality we’ve provided IT
for years, we continue our commitment securing digital
collaboration, which has grown both in scope and importance.”
Unlike other virtual data rooms, Confide is an application where
all uploaded data is securely stored within the organization’s own
Office 365 tenant. Additionally, Confide was designed to
intentionally restrict IT admin access, and only grant access to
the business leaders within the organization who should be privy to
such sensitive information. This is different from other forms of
private channels that exist within Microsoft Teams, Slack or Google
Workspace, for example.
“For highly sensitive projects, business leaders should be the
ones to control, build, govern and protect that data,” said John
Peluso, Chief Product Officer, AvePoint. “AvePoint has always aimed
to improve IT operations, and as a result of empowering business
leaders through Confide, we can reduce strain on IT teams and
enable them to focus on other priorities.”
As part of its commitment to helping businesses collaborate with
confidence, AvePoint also launched Fly, its cloud migration
product, as a SaaS solution. Now, in addition to migrating from
on-prem to the cloud, or from cloud to cloud as a one-time project,
Fly can be used to support migrations due to M&A activity or
further digital transformation.
To learn more about Confide, attend the virtual launch event on
Thursday, January 20th at 11am EST, or visit www.confide.me.
About AvePoint Collaborate with
confidence. AvePoint provides the most advanced platform for SaaS
and data management to optimize SaaS operations and secure
collaboration. More than 8 million cloud users rely on our
solutions. Our SaaS solutions are also available to managed service
providers via more than 100 cloud marketplaces, so they can better
support and manage their small and mid-sized business customers.
Founded in 2001, AvePoint is a five-time Global Microsoft Partner
of the Year and headquartered in Jersey City, New Jersey. For more
information, visit https://www.avepoint.com.
This press release contains statements that may constitute
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995 or otherwise, including with respect
to AvePoint’s Confide and Fly products and services.
Forward-looking statements may be identified by the use of words
such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“will,” “expect,” “anticipate,” “believe,” “seek,” “target,”
“continue,” “could,” “may,” “might,” “possible,” “potential,”
“predict” or other similar expressions that predict or indicate
future events or trends or that are not statements of historical
facts. These forward-looking statements are, by their nature,
subject to significant risks and uncertainties and are based on the
beliefs of AvePoint’s management as well as assumptions made by and
information currently available to AvePoint’s management.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of AvePoint including those set
forth in the Risk Factors section of AvePoint 's most recent
Quarterly Report on Form 10-Q and its registration statement on
Form S-1 and related prospectus and prospectus supplements filed
with the SEC. Copies of these and other documents filed by AvePoint
from time to time are available on the SEC's website, www.sec.gov.
AvePoint undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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