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Stock impact report

AvePoint Expands AI-Driven Cybersecurity and IT Management Capabilities with Ydentic Acquisition

AvePoint, Inc. - Class A (AVPT) 
Company Research Source: GlobeNewswire
JERSEY CITY, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) -- AvePoint (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’s MSP Platform for greater MSP profitability, increased operational efficiency, scalability, and new security-centric recurring revenue streams.  “We are thrilled to welcome Jorn Wittendorp and the Ydentic team to AvePoint,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder of AvePoint.?“This 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.” F Show less Read more
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