What Happened to AvePoint?
Ticker: AVPTSPAC Year: 2019Merger: 2021
Return
+2.4%
Current Price
$10.24
Peak Price
$20.25
Trust Size
$789M
Summary
AvePoint is the largest data management solutions provider for Microsoft 365, offering SaaS products for data security, governance, backup, and migration across enterprise cloud platforms.
What Happened
AvePoint went public in July 2021 through a merger with Apex Technology Acquisition Corp at a $2 billion valuation. The company is the largest independent software vendor for Microsoft 365, serving over 21,000 customers including many Fortune 500 companies. AvePoint has shown consistent revenue growth and improving margins as organizations increasingly need tools to manage and secure their Microsoft 365 environments.
Timeline
2019-08-30
S-1 Registration Filed
2021-06-02
Merger Proxy Filed (DEFM14A)