Microsoft partner AvePoint has received US$200 million in investments to expand its offerings and help managed service providers migrate and protect the Office 365 environments of their small- and medium-sized business customers.
The capital was raised by asset management firm TPG Sixth Street Partners, with additional participation from existing investors such as Goldman Sachs.
“A huge driver of our growth has been our own digital transformation into a majority software-as-a-service solution company,” said Tianyi Jiang, co-founder and co-CEO of AvePoint. “We have invested in our cloud platform to ensure that we have the scale, pace of innovation, application programming interface extensibility and security to meet our customer’s demands. This strategic focus has played a large role in delivering four consecutive quarters of record revenue growth in 2019.”
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