No. Press releases In the news. SPAC: Apex Technology Acquisition (NASDAQ: APXT) Private Company: AvePoint. Apex Technology Acquisition Corporation (NASDAQ: APXT, “Apex”) and AvePoint… APXT stock may represent a fairly straightforward tech deal. As far as blank-check companies go, AvePoint is a pretty straightforward deal. AvePoint, the Largest Microsoft 365 Data Management Solutions Provider, Announces $2bn Merger Transaction includes a fully committed PIPE of $140 mm anchored by top-tier investors AvePoint … Apex Technology (APXT) is in talks with merging with Microsoft (MSFT) partner AvePoint.Shares of the SPAC has jumped 26% on the supposed announcement. The company is a standard software firm, working with Microsoft (NASDAQ: MSFT) to provide data management solutions for its cloud. The merger has been approved by the board of directors of Apex, as well as the board of directors of AvePoint, and is subject to the satisfaction of customary closing conditions, including the approval of the shareholders of Apex and AvePoint and the receipt of any required regulatory approvals. AvePoint is the largest provider of management solutions for Microsoft 365. The deal includes a fully committed PIPE of $140 million. The SPAC's changes to the agreement address redemption rates if any shares are redeemed in connection with the merger vote. 25% of the Fortune 500 uses Avepoint. Press releases ; AvePoint Launches EduTech To Improve Higher Education Technology. “AvePoint’s merger to become a public company demonstrates the power of Microsoft’s channel and the opportunity it provides our partners to flourish long-term.” Transaction Overview . AvePoint, Leading Microsoft 365 Data Management ISV, hires former Palo Alto Networks Leader … The deal includes a fully committed PIPE of… SEC Form 425 is the prospectus form companies must file in order to disclose information about their business combinations. Leon Spencer (ARN) 17 February, 2021 16:15. share; print email Comments. JERSEY CITY, N.J., Feb. 9, 2021 /PRNewswire/ -- AvePoint, a leading Microsoft 365 data management independent software vendor, appoints Jason Beal … Microsoft Corp. data partner AvePoint Inc. said it has reached a deal to go public through a merger with blank-check company Apex Technology Acquisition Corp. AvePoint, Inc. ("AvePoint" or the "Company"), the largest data management solutions provider for the Microsoft cloud, announced today that it has entered into a definitive business combination agreement with Apex Technology Acquisition Corporation (NASDAQ: APXT), a publicly traded special purpose acquisition company ("Apex"). AvePoint is a five-time Global Microsoft Partner of the Year. Tianyi Jiang (AvePoint) Credit: AvePoint . “AvePoint’s merger to become a public company demonstrates the power of Microsoft’s channel and the opportunity it provides our partners to flourish long-term.” AvePoint also launched another first-to-market product during Covid-19, a SaaS solution to provide sensitivity-based security insights and automated policy enforcement to prevent “risky oversharing” in Microsoft 365. ... Apex Technology Acquisition Corporation and AvePoint, Inc. "AvePoint's merger to become a public company demonstrates the power of Microsoft's channel and the opportunity it provides our partners to flourish long-term." APXT and AvePoint Merger News. A definitive proxy on the merger proposal has yet to be filed. Sixth Street-backed AvePoint to go public via $2 bln merger Back to video AvePoint, the largest data management solutions provider for the Microsoft cloud, will receive $140 million in proceeds from a group of institutional investors, and will be listed on the Nasdaq under the ticker symbol “AVPT.”. (Reuters) - AvePoint Inc, a cloud data management company backed by investment firm Sixth Street, will go public via a merger with blank-check company Apex Technology Acquisition Corp, in a deal valued at $2 billion, the companies said. AvePoint Inc, a cloud data management company backed by investment firm Sixth Street, will go public via a merger with blank-check company Apex Technology Acquisition Corp, in … The AP news staff was not involved in its creation. The M&A valuation is therefore 13.5 times annual revenue. Transaction Overview. EDBI Named As One of Several New AvePoint, Inc. Investors As Company Moves Toward Public Listing. The transaction has been approved by the Board of Directors of Apex, as well as the Board of Directors of AvePoint, and is subject to the … (Reuters) – AvePoint Inc, a data management firm backed by investment firm Sixth Street, will be taken public via a merger with blank-check company Apex Technology Acquisition Corp, in a deal valued at $2 billion, the companies said. “AvePoint’s merger to become a public company demonstrates the power of Microsoft’s channel and the opportunity it provides our partners to flourish long-term.” Transaction Overview. AvePoint is increasing its recurring revenue, Jiang said. AvePoint ramps up partner play under new channel leadership. This is the second year of the company's annual recurring revenue growing at more than 30% year-over-year, the CEO said. “AvePoint’s merger to become a public company demonstrates the power of Microsoft’s channel and the opportunity it provides our partners to flourish long-term.” Transaction Overview. AvePoint, the Largest Microsoft 365 Data Management Solutions Provider, Announces $2bn Merger Transaction includes a fully committed PIPE of $140 mm anchored by top-tier investors If approved, the combined company would have an estimated market value of approximately $2 billion. However, investors were quite bullish on APXT stock earlier this … Year. 'AvePoint’s 7 million customers represent a 3% share of Microsoft’s 250 million 365 users. Transaction Overview. AvePoint Nine Months Ended September 30, 2020 Selected Financial Results Total Revenue of $105.4 million, up 30% period-over-period Recurring Revenue ii … Announce 2020 Revenue and Registration Statement on Form S-4. More M&A News. If approved, the combined company would have an estimated market value of approximately $2 billion. AvePoint also expects cash, cash equivalents and short-term investments to be approximately $70 million as of December 31, 2020. i "AvePoint delivered strong financial results for the fourth quarter and full year of 2020, exceeding our estimate at the time of the announcement of the business combination with Apex. AvePoint expects to generate approximately $148 million for its fiscal year 2020, up 26 percent compared to 2019. APXT has a huge client base already, at an estimated 7 million members. February 4, 2021 GMT. 7: AvePoint SPAC Merger News. Attached is the link to the 425 filing. Read the press release. AvePoint Co-Founder and Acting CEO Tianyi Jiang said the company has seen "accelerated demand for our products" prior to and during the pandemic, which factored into the company's decision to go public. AvePoint Announces $2 Billion Merger 11/23/20 JERSEY CITY, N.J.--( BUSINESS WIRE )-- AvePoint, Inc . Apex shares were up more … the largest data management solutions provider for the Microsoft cloud, announced today that it has entered into a definitive business combination agreement with Apex Technology Acquisition Corporation (NASDAQ: APXT), a publicly traded special purpose acquisition company. Sixth Street-backed AvePoint to go public via $2 billion merger; UPDATE 1-RWE to sell stake in UK wind farm Humber Gateway to Greencoat ; Noble Foods planning sale of dessert brand Gu; AqualisBraemar to Acquire LOC Group; AqualisBraemar to Acquire LOC Group; France’s Credit Agricole makes $875 million buyout offer for Italy’s Creval; Sixth Street-backed AvePoint to list … A business combination may refer to a merger between two or more companies, or a consolidation. DD (New Claims/Info) As of last night Apex technologies filed a form 425 with the SEC. "AvePoint’s merger to become a public company demonstrates the power of Microsoft’s channel and the opportunity it provides our partners to flourish long-term." AvePoint, the largest data management solutions provider for the Microsoft cloud, announced today that it has entered into a definitive business combination agreement with Apex Technology Acquisition. This deal values the combined company at $2 billion. AvePoint — an independent software vendor of SaaS solutions for migrating, managing, and protecting data in Microsoft 365 — announced it is going public through a merger with a special purpose acquisition company (SPAC) called Apex Technology Acquisition Corp. Apex Merger AvePoint: More Financial Details. Goes for growth through the channel . The MarketWatch News Department was not involved in the creation of this content. AvePoint Inc., a data management provider and Microsoft Corp. MSFT, -1.82% cloud partner, is going public through a merger with blank-check company Apex … All 2021 2020 2019 2018 2017 2016 2015 2014. AvePoint believes it can get to 10% share and Microsoft will hit 500 million users in the future, good for 50 million AvePoint future customers.' AvePoint is an independent software vendor of SaaS solutions for migrating, managing, and protecting data in …