AvePoint Establishes New $100 Million SGD International R&D Hub in Singapore
August 26 2022 - 4:00AM
AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management
platform provider, today announced its newly established $100
million SGD international R&D Hub in Singapore, which will act
as a major hub within the company’s worldwide R&D network and
foster local talent to support the growing global demand for B2B
SaaS solutions. Through its new investment supported by Digital
Industry Singapore (DISG), AvePoint will also advance its IT and
digital infrastructure as well as global trade connectivity to
continue its international expansion.
At the opening ceremony earlier today, Minister for Trade and
Industry Singapore, Mr. Gan Kim Yong, joined AvePoint to usher in a
new commitment to innovation in APAC. The ceremony was held at
AvePoint’s new office located at Galaxis, One North.
“AvePoint has worked closely with the Singapore government,
education and enterprise organizations to advance our digital
transformation efforts over the last thirteen years, so it was a
privilege to have our key partners and investors celebrate this
moment with us,” said Dr. Tianyi Jiang (TJ), Co-Founder and CEO,
AvePoint. “Establishing our International R&D Hub and Asia
headquarters in Singapore reflects both the historical success
we’ve had with valued partners, including Microsoft, as well as the
promise we see in this country and the broader APAC region. It is a
critical step in advancing our key growth vector to continue our
international expansion.”
The R&D Hub investment will see AvePoint hire and train over
500 digital professionals by 2026, nearly tripling its existing
team of product and technology professionals in roles such as
business analysts, data scientists, software architects and
Microsoft-certified engineers in Singapore. The company will
provide robust professional development opportunities, empower
local leadership, and invest in collaborative recruitment with
local education institutions. With the growth of a vibrant R&D
community in Singapore, AvePoint intends to continue product
innovation to address modern digital challenges including hybrid
work collaboration, security, responsible use of artificial
intelligence, blended learning, and well-being.
Over the last decade, AvePoint has delivered multiple innovative
solutions including a SaaS Shared Training Management System for
six institutes of higher learning in Singapore. The R&D Hub
will ensure continued innovation in the edtech domain, to empower
future generations and create access to quality education for our
digital future.
“AvePoint’s R&D and product capabilities will contribute to
meeting global demand for B2B SaaS solutions from Singapore. This
is a testament to Singapore’s strong tech ecosystem for talent,
business and innovation,” said Chan Ih Ming, Senior Vice President
of DISG. “We look forward to partnering with AvePoint to support
digital transformation for enterprises through innovative and
purpose-driven technologies.”
In addition to anchoring the development of new products and
solutions for Singapore and the global market, AvePoint’s new
location will strengthen global cloud resilience for customers,
support data sovereignty, strengthen multi-cloud security, and
ensure regional businesses are supported at the local level. As
more organizations in APAC digitize and require SaaS solutions,
AvePoint sees a critical need to expand its presence in the region
and support growing customer demand.
To learn more about AvePoint’s new International R&D Hub and
Asia HQ in Singapore, please visit www.avepoint.com/sg.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the “safe harbor” 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
"believe," "project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"will," "would," "will be," "will continue," "will likely result,"
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's
business and changes in AvePoint’s 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
"Risk Factors" section of AvePoint’s most recent Quarterly Report
on Form 10-Q, its registration statement on Form S-1 and related
prospectus and prospectus supplements, and in its subsequent
filings made to 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. 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.
Disclosure Information
AvePoint uses the https://ir.avepoint.com/ website as a means of
disclosing material non-public information and for complying with
its disclosure obligations under Regulation FD.
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 9 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.
Media Contact Nicole
Caci AvePoint Nicole.caci@avepoint.com
201-201-8143
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