AvePoint completes acquisition of South Korean software provider

AvePoint completes acquisition of South Korean software provider


Move will help AvePoint accelerate data-driven digital transformation for its customers

Elly Yates-Roberts |

AvePoint has acquired South Korea-based software provider Essential to accelerate data-driven digital transformation for its customers. 

AvePoint helps users to secure their digital collaboration data, sustain connections between people and ensure business resiliency. The acquisition of Essential supports the firm’s expansion into the South Korean cloud software market. 

“This geographic expansion allows us to enable South Korean enterprises and public sector customers, and partners with our cloud platform bring their services and products closer to their end customers,” said Tianyi Jiang, co-founder and CEO of AvePoint. “Essential has built a strong base of South Korean customers that are seeking to transform their legacy technology infrastructure as global cloud service providers continue to invest in the country. As the digital journey continues to accelerate, this move enables us to better scale to meet the demand and support South Korean organisations.”

Essential works with large enterprises in the country – including Samsung Electronics, LG Chemical, Hyundai Motors and Coupang – to help their reach digital transformation goals. 

“We are excited to join AvePoint,” said Sean Kim, CEO of Essential. “We have watched the company’s continued technology innovation and see a great opportunity to be a trusted partner to organisations throughout South Korea as they address their digital transformation initiatives. We were looking for the right synergy of technology and people, and we’ve found that with the AvePoint team.”   

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