Reflecting on 2021: Growth, Opportunities & A Bright Future
2021 has been pivotal in so many ways. We’ve reimagined work and continued to evolve the modern office for a better, more productive, and sustainable future. Through it all, AvePoint has been at the center, using our technology to secure digital collaboration, sustain connections between people, and ensure business continuity. Though the pandemic has been difficult for many, we are extremely grateful for the position we’re in, and the opportunity to help businesses optimize work.
When my co-founder Kai and I started this business over 20 years ago, the idea of becoming public was inconceivable. I was an ex-Wall Street engineer and graduate student with no income; Kai was working out of a public library in New Jersey. When we caught our first big break – by volunteering to build a solution that would migrate data to Microsoft’s new version of SharePoint in 2003 – we didn’t even have a viable product yet.
But this year we became a public company and are now trading on Nasdaq as AVPT. What was once not even a dream has become reality.
Sustained Growth is in Our DNA
As consistent with our 20-year history, AvePoint had yet another profitable year in 2021. We remain debt-free with a strong, cash-positive balance sheet that points to the health of our business and long-term potential. Our most recent Q3 earnings paint a full picture.
We understand that as a public company we are held to rigorous standards. Our focus is, and always has been, on executing on our promises to customers, partners, shareholders, and the AvePoint team.
Industry-Leading Technology for 20+ Years
A key indicator of successful execution is product innovation and updates. In 2021, we introduced new solutions to enhance modern work including Cense to help businesses manage their SaaS licenses and Cloud Backup for Google Workspace and Salesforce to protect SaaS operations. We globally launched AvePoint Edutech, one of the first holistic SaaS education management systems directly integrated with Microsoft 365, and, through DevOps processes and bi-weekly release cadences, we made countless enhancements to our entire SaaS and data management platform to better serve our more than 21,000 customers worldwide.
Recently, AvePoint Cloud Backup was recognized by Forrester as a Leader for SaaS Application Data Protection and was the only product to receive differentiated – which is the highest possible score – ratings in the Microsoft, Google Workspace, and Salesforce backup criteria.
Our Enterprise-Grade Technology Now Accessible to All
AvePoint has strong roots working with global enterprise organizations, and this year we introduced our global partner program to help serve small and mid-sized businesses (SMB) amid their digital transformations. Considering security and governance are among the top IT needs for those businesses, there is both a massive opportunity for our channel partners to use AvePoint to better serve their end-customers, and for us to grow in tandem.
Our decision to expand and invest in the channel means that the same enterprise-grade technology Fortune 500 businesses use is now available to help SMBs collaborate with confidence. Very few B2B SaaS companies achieve this versatility, and our early success gives us the confidence for sustained growth in the next five years and beyond.
Commitment to Security, Enhanced
Lastly, we’ve increased our long-standing commitment to security by reaching industry standards like the authority to operate under FedRAMP and our status as an ISO and SOC 2 Type II certified vendor. AvePoint prides itself on offering customers the utmost confidence that we only utilize data for its intended purposes, help customers control who has access to what, when, shared with whom, for how long, and from where, all while maintaining industry certifications that verify our rigor.
An Eager Eye Towards the Future of AvePoint
I often think back to our Nasdaq listing in July – pushing the buzzer with my co-Founder Kai, celebrating in Times Square with my colleagues and family. And every time, I am reminded of the energy and the commitment we made to our customers, partners, shareholders, and of course, the AvePoint team.
Today, that spark is still alive, and we remain more ambitious than ever. Thank you for your continued support and best wishes to you and your family for 2022!
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As AvePoint’s Chief Executive Officer, as well as a member of the Board of Directors, Dr. Tianyi Jiang (TJ) is responsible for the overall strategy and direction of AvePoint, which includes product innovation, investor relations, and business development. He is focused on delivering value to customers, partners, shareholders, and the AvePoint team, every day.
TJ was named 2023 CEO of the Year, in the Information Technology Products or Services category by the Globee Awards and is a recipient of Ernst & Young’s 2010 Entrepreneur of the Year award in New Jersey. He received both B.S. and master’s in electrical and computer engineering from Cornell University, and a Master of Philosophy and PhD in Data Mining from Department of Information Systems, Operations Management, and Statistics, Stern School of Business, New York University.
