Announced
Financials
Sources
Tags
Acquisition
Private Equity
data governance software
United States
Digital Services
migration solutions
Public
Pending
Friendly
Single Bidder
Minority
Cross Border
Synopsis
65 Equity Partners, an independently managed wholly-owned investment platform, agreed to acquire AvePoint, a provider of data governance, protection and migration solutions for Office 365 and SharePoint, from Sixth Street Partners, a global investment firm. Financial terms were not disclosed. “We are pleased to welcome 65 Equity Partners as a substantial long-term stockholder of AvePoint. This investment reflects their confidence in our vision to advance the digital workplace, capture growing markets and prioritize profitable growth. The APAC region represents an enormous growth opportunity for us, and given that Singapore is an important innovation center for AvePoint, we believe that an eventual dual listing on the Singapore Exchange (SGX) will garner additional investor support in the region,” Tianyi Jiang, AvePoint Co-Founder & CEO.
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