AvePoint's Acquisition of Ydentic: A Game Changer in Cybersecurity

Revolutionizing Cybersecurity and IT Management

AvePoint (NASDAQ: AVPT), a leading figure in data security, governance, and resilience, has taken a significant step forward by acquiring Ydentic, a company known for its innovative software designed for Microsoft Managed Service Providers (MSPs). This acquisition marks a crucial advancement for both companies as AvePoint aims to enhance its MSP platform, Elements.

Strategic Goals Behind the Acquisition

Dr. Tianyi Jiang (TJ), CEO and Co-Founder of AvePoint, expressed excitement about bringing the Ydentic team onboard. The integration is expected to align closely with AvePoint’s strategic objective of expanding its channel ecosystem. By enhancing automation, service management, reporting, and data insights capabilities for MSPs, AvePoint is positioned to create a more competitive and economically beneficial environment for its partners.

The Core Competencies of Ydentic

Founded in 2017, Ydentic specializes in providing modern MSPs with state-of-the-art software solutions that streamline IT management processes. Their products automate critical tasks, significantly reducing operational costs while eliminating knowledge barriers for their employees. Such technology empowers MSPs to enhance the value of their services efficiently.

Acknowledgment in the Industry

Ydentic's growth and innovation have been recognized within the industry, particularly their recent inclusion in Deloitte’s Technology Fast 50 program. This achievement highlights their rapid growth and strong capabilities within the technological field, setting the stage for continued success.

Transforming AvePoint Elements into Leading MSP Platform

AvePoint’s acquisition of Ydentic is part of its strategy to develop its Elements platform into an industry leader among MSP solutions. With the focus on security, data access, and endpoint management, this collaboration aims to solidify AvePoint's position in an increasingly competitive landscape, particularly as the demand for cybersecurity managed services grows.

The Future of Managed Services

The acquisition comes at a pivotal time when the cybersecurity landscape is rapidly evolving. According to market research, cybersecurity managed services are anticipated to surpass a staggering $80 billion. This trend reflects the growing need for effective solutions that protect digital assets in a world heavily influenced by technology and artificial intelligence.

Anticipating Future Developments

AvePoint expects the acquisition to finalize soon, marking the beginning of new opportunities for both companies. By leveraging Ydentic’s capabilities, AvePoint is set to enrich its service offerings and further assist MSPs in managing and scaling their operations. As this aggregate of resources begins to take shape, it signals a promising future for the combined force in the realm of IT management.

Commitment to Customer Success

In remarks made by Jorn Wittendorp, Founder and CEO of Ydentic, he mentioned the tremendous opportunity that joining forces with AvePoint presents. The objective is clear: to empower MSPs through modern technology, automation, and essential support, leading to enhanced value and growth potential for all stakeholders involved.

About AvePoint

Securing the future of digital workplaces globally, AvePoint supports over 21,000 customers, ensuring they adapt effectively across various collaborative platforms including Microsoft and Google. With a robust partner network exceeding 3,500 managed service providers and system integrators, AvePoint is committed to delivering outstanding solutions in over 100 cloud marketplaces.

Frequently Asked Questions

What is the significance of AvePoint's acquisition of Ydentic?

This acquisition enhances AvePoint's capabilities in providing managed service solutions, particularly focusing on automation and service management for MSPs.

How will this impact the MSPs using AvePoint's platform?

MSPs will benefit from improved operational efficiencies, new recurring revenue streams, and a more robust platform to manage their services.

What recognition has Ydentic received in the industry?

Ydentic has been listed in Deloitte’s Technology Fast 50, underscoring its growth and technological advancements.

When is the acquisition expected to close?

The acquisition is anticipated to close at the end of January 2025.

Where can I find more information about AvePoint?

For further details about AvePoint and its offerings, please visit www.avepoint.com.

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