SINGAPORE, Aug. 26, 2022 (GLOBE NEWSWIRE) — Access point (NASDAQ:AVPT), the most advanced provider of SaaS and data management platforms, today announced its new SGD$100 million Global R&D Center in Singapore, which will act as a major center within of the company’s global R&D network and nurture local talent to support the growing global demand for B2B SaaS solutions. Through its new investment backed by Digital Industry Singapore (DISG), AvePoint will also advance its IT and digital infrastructure as well as global business connectivity to continue its international expansion.
At the opening ceremony earlier today, Singapore’s Minister of Trade and Industry, Mr. Gan Kim Yong, joined AvePoint to usher in a new commitment to innovation in APAC. The ceremony took place at AvePoint’s new office located in Galaxis, One North.
“AvePoint has worked closely with the Singapore government, education and corporate organizations to advance our digital transformation efforts over the past thirteen years, so it has been a privilege to have our key partners and investors to celebrate this moment with us,” said Dr Tianyi Jiang. (TJ), co-founder and CEO, AvePoint. “The establishment of our international R&D center and Asia headquarters in Singapore reflects both the historic success we have had with valued partners, including Microsoft, as well as the promise we see in this country and in the wider APAC region. This is a crucial step in the progress of our main growth vector to continue our international expansion.
The investment in the R&D Hub will see AvePoint hire and train more than 500 digital professionals by 2026, nearly tripling its existing team of product and technology professionals in roles such as business analysts, data scientists, Microsoft Certified Software Architects and Engineers in Singapore. The company will provide strong professional development opportunities, strengthen local leaders and invest in collaborative recruitment with local educational institutions. With the growth of a vibrant R&D community in Singapore, AvePoint intends to pursue product innovation to address modern digital challenges, including hybrid business collaboration, security, responsible use of artificial intelligence, blended learning and well-being.
Over the past decade, AvePoint has delivered several innovative solutions, including a shared SaaS learning management system for six higher education institutes in Singapore. The R&D center will ensure continued innovation in education technology, to empower future generations and create access to quality education for our digital future.
“AvePoint’s R&D and product capabilities will help meet Singapore’s global demand for B2B SaaS solutions. This is a testament to Singapore’s strong tech ecosystem for talent, business and innovation,” said Chan Ih Ming, Senior Vice President of DISG. “We look forward to partnering with AvePoint to support digital business transformation through innovative and targeted technologies.”
In addition to anchoring the development of new products and solutions for Singapore and the global market, AvePoint’s new location will strengthen overall cloud resiliency for customers, support data sovereignty, strengthen multi-cloud security, and ensure that regional companies are supported locally. As more APAC organizations digitize and require SaaS solutions, AvePoint sees a critical need to expand its presence in the region and meet growing customer demand.
To learn more about AvePoint’s new global R&D center and Asia headquarters in Singapore, visit www.avepoint.com/sg.
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding future performance and market opportunities for AvePoint. These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity “, “plan,” “may,” “should,” “will,” “would,” “will,” “continue,” “likely result,” and similar expressions. Forward-looking statements are predictions, projections and “other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including, but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance among competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts and its ability to identify and realize additional opportunities, as well as the risk of market downturn and tech industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent quarterly report on Form 10-Q, its registration statement on Form S-1, and the prospectuses and related prospectus supplements, and in its subsequent filings with the SEC. Copies of these documents and other documents filed by AvePoint from time to time are available on the SEC’s website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on any forward-looking statements, and AvePoint undertakes no obligation and does not intend to update or revise any such forward-looking statements after the date of this release, whether as a result of new information, future events or otherwise, except as required by law. AvePoint does not guarantee that it will meet its expectations.
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Collaborate with confidence. AvePoint provides the most advanced platform for SaaS and data management to optimize SaaS operations and secure collaboration. More than 9 million cloud users trust our solutions. Our SaaS solutions are also available to managed service providers through more than 100 cloud marketplaces, so they can better support and manage their small and medium business customers. Founded in 2001, AvePoint was five-time Microsoft Global Partner of the Year and is headquartered in Jersey City, New Jersey. For more information, visit https://www.avepoint.com.