AvePoint Expands AI-Driven Cybersecurity and IT Management Capabilities with Ydentic Acquisition

Acquisition Overview - AvePoint has entered into an agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs) [1] - The acquisition aims to enhance AvePoint's MSP platform, Elements, by driving greater MSP profitability, operational efficiency, scalability, and new security-centric recurring revenue streams [1] - The acquisition is expected to close by the end of January 2025 [4] Strategic Alignment and Vision - The acquisition aligns with AvePoint's strategic priority to scale and expand its channel ecosystem, enhancing automation, service management, and reporting capabilities for MSPs [2] - Ydentic's smart software automates IT management tasks, enhances processes, and provides full control for customers, reducing operating costs and eliminating knowledge barriers for employees [2] - Both companies share a vision of empowering MSPs with cutting-edge technology and automation, which is expected to drive significant value for customers and AvePoint's growing channel business [3] Industry Context - The cybersecurity managed services market was estimated to be over $80 billion at the end of 2024, highlighting the importance of data, access, and endpoint security solutions in the age of AI [3] - Ydentic was recently named to Deloitte's Technology Fast 50 program in the Netherlands, reflecting its impressive growth trajectory and strong domain expertise [2] Company Background - AvePoint is a global leader in data security, governance, and resilience, with over 21,000 customers worldwide relying on its solutions to modernize the digital workplace across Microsoft, Google, Salesforce, and other collaboration environments [5] - AvePoint's global channel partner program includes over 3,500 managed service providers, value-added resellers, and systems integrators, with solutions available in more than 100 cloud marketplaces [5]