AvePoint raises $90 million from Goldman Sachs to transform enterprise collaboration

NEW JERSEY, USA: AvePoint, the established leader in enterprise-class big data management, governance, and compliance software solutions for next-generation social collaboration platforms, today announced it has raised $90 million from Goldman Sachs as a minority investor.

This investment will help power AvePoint's continued global expansion and product development as it evolves from providing infrastructure management solutions for SharePoint to offering cloud services, compliance, data governance, and mobility solutions that help stitch together the growing number of disparate collaboration systems and data repositories to enable enterprise collaboration with confidence. RBC Capital Markets acted as exclusive placement agent for this financing.

"Since we first opened our doors in 2001, we have invested heavily in every aspect of our business as we strive to deliver the best solutions to navigate the disruptive technology trends we face today," said Dr. Tianyi (TJ) Jiang, Co-CEO and co-founder, AvePoint. "With the backing of Goldman Sachs, we're confident we will continue to expand our market presence on a global scale with access to some of the best resources and guidance needed to take AvePoint to the next level."

The investment follows a year in which AvePoint continued to receive market validation through awards and recognitions while committing to provide a complete story for enabling enterprise collaboration that expands upon infrastructure management.