Core Insights - AvePoint has made history by becoming the first B2B SaaS stock listed on the Singapore Exchange (SGX) and the first company to achieve a dual listing on both Nasdaq and SGX, marking a significant milestone in global tech expansion [1][2]. Company Overview - AvePoint is a leader in data security, governance, and resilience, and its listing on SGX broadens its customer, partner, and investor base amid increasing demand for its data protection technology [3][4]. - The company has established its Asia Headquarters and International R&D Hub in Singapore since 2009, emphasizing its commitment to addressing global data protection challenges [4]. Market Position - The dual listing builds on AvePoint's Nasdaq debut in 2021, showcasing its trajectory of innovation and growth, and reflecting its global ambition [5]. - The dual listing was supported by a secondary share offering that was more than three times oversubscribed, indicating strong investor demand, particularly from long-only investors [6]. Strategic Vision - AvePoint positions itself as more than just a technology provider, branding its mission as "Beyond Secure," and aims to set industry benchmarks in data security, governance, and resilience [7].

Core Points - AvePoint has made history by becoming the first B2B SaaS stock listed on the Singapore Exchange (SGX) and the first company to achieve a dual listing on both Nasdaq and SGX [1][3][4] - The SGX listing is part of AvePoint's global expansion strategy, aimed at broadening its customer, partner, and investor base in response to increasing demand for data protection technology [2][3] - AvePoint's presence in Singapore, established in 2009, serves as its Asia Headquarters and International R&D Hub, driving innovation in data security, governance, and resilience [2][5] Company Performance - AvePoint's secondary offering of shares was more than three times oversubscribed, indicating strong investor interest, with shares priced at SGD 19.50 each [4] - The company has over 25,000 customers globally, relying on the AvePoint Confidence Platform for data management across various collaboration environments [5] Industry Context - The dual listing on SGX reflects AvePoint's strong track record in the Asia Pacific region and highlights Singapore's role as a key international hub for capital and innovation [3][4] - The listing is expected to enhance AvePoint's visibility and support its growth in the rapidly evolving technology landscape in Asia [2][3]

Core Viewpoint - The company is navigating the challenges posed by tariffs and regulatory scrutiny while striving to maintain competitiveness and customer trust in the market. Group 1: Tariffs and Costs - The company continues to incur significant costs due to tariffs imposed by the US government, which is viewed as a cost of doing business rather than an option to avoid [1] - Despite the additional costs from tariffs, the company believes it offers the best performing, highest quality, and most price competitive products, which helps retain a majority of its customers [2] - The uncertainty surrounding tariffs is a major concern for customers, impacting their purchasing decisions [3] Group 2: Competitive Strategies - The company is focused on remaining competitive by ensuring unmatched performance and service, while also addressing customer concerns through solutions [4] - A new factory is being established in Southeast Asia to facilitate global shipping of sensors, reducing reliance on Chinese manufacturing [4][5] - Compliance with global regulations, particularly regarding data security and privacy, is a priority for the company to maintain customer trust [5] Group 3: Customer Relations and Negotiations - The company engages in ongoing negotiations with customers regarding cost absorption and pricing strategies in light of new tariffs [6][7] - It is emphasized that the financial burden of tariffs is not solely on the company or the customers, but rather a shared challenge in the current business environment [8] Group 4: Legal and Reputational Issues - The company is appealing allegations of links to the Chinese military, asserting that there is no direct evidence supporting these claims [10] - The ongoing legal situation has not resulted in direct business losses, but it has affected the company's reputation, which is a significant concern [10][11] - Customers are supportive of the company's appeal process, recognizing the need for a fair trial [11]

Oracle is poised to play a key role in a new framework deal aimed at keeping TikTok operational in the United States, according to CBS report. The discussions between the US and China seek to address Washington's concerns about data security while allowing TikTok to continue serving its sizable American user base. ...

Market Overview - The market is currently experiencing high volatility, described as a "circus," due to events like CPI data release, Oracle React, and Gemini IPO [1] - The advice is to remain calm and avoid overreacting to market fluctuations [1] Interest Rate Expectations - A 25 basis point rate cut by the Federal Reserve is largely expected [1] - A CPI below 32% would be needed for the market to feel comfortable with a 50 basis point cut [1] - CPI in the 035%-04% range would raise questions about whether there will be two or three cuts [1] - September rate cut is highly anticipated [1] - Stable inflation is needed to give the Federal Reserve flexibility to address labor market weakness [1] Rubric Analysis - Rubric's stock fell after earnings, presenting a potential buying opportunity [1] - Rubric specializes in ransomware and ransomware recovery, operating as a smaller cybersecurity company focused on data security in the cloud [1] - Rubric is viewed as a potential acquisition target in the next 12-18 months due to consolidation in the tech sector and the growing importance of cybersecurity [1] - As AI heats up, so does the AI threat level [1]

Summary of AvPoint Conference Call Company Overview - **Company**: AvPoint - **Industry**: Software, specifically focusing on data management and governance within the Microsoft cloud ecosystem - **Founding**: Over 20 years ago, initially focused on Microsoft SharePoint - **Current Position**: Largest player in Microsoft Office cloud data management and governance globally [5][6] Core Business and Offerings - **Main Services**: - Data management for unstructured data (emails, chats, contracts, etc.) - Lifecycle management, backups, ransomware detection, license management, and data integration - **Revenue Composition**: 90% from Microsoft cloud stack, 10% from other platforms like Google, AWS, and Salesforce [6][20] Market Position and Competitive Landscape - **Market Trends**: - Increased focus on data security and AI at the board level - Convergence of backup and security services, with many players entering the data security space [11][18] - **Competitive Strength**: - Strongest in Office Cloud; wins 9 out of 10 competitive bids when Office Cloud is prioritized - Competes with various players across different segments (e.g., Commvault, Rubrik, Veeam) [20][23] Customer Engagement and Retention - **Net Retention Rate (NRR)**: Currently at 112%, with aspirations for 115% [49] - **Upselling Strategy**: Majority of NRR increases from upselling additional capabilities rather than expanding customer counts [27] - **Customer Segmentation**: - Enterprise customers have the highest retention rates, while SMBs historically have lower rates but are increasingly engaging through Managed Service Providers (MSPs) [55][58] Product Development and AI Integration - **AI as a New UI**: Leveraging AI capabilities to enhance user experience and product functionality [22] - **Future Plans**: Introduction of more AI capabilities and a shift towards consumption-based models [30][46] - **Data Governance for AI**: Early stages of managing data generated by AI, with a focus on data hygiene and governance [72][74] Financial Goals and Growth Strategy - **Target**: Achieve $1 billion in Annual Recurring Revenue (ARR) within five years, with a commitment to 25% annual growth [86] - **Investment Philosophy**: Maintain discipline in investments while exploring M&A opportunities to accelerate growth [87][88] Regional Insights - **Global Presence**: Strong in North America, with growing segments in Europe and Asia, particularly in SMBs through digital channels and MSPs [63][66] Conclusion - **Overall Strategy**: AvPoint aims to capitalize on the growing demand for data management and governance solutions, particularly in the context of AI and cloud services, while maintaining a disciplined approach to profitability and growth [86][88]

[Music] The Social Security Administration's Chief Data Officer, Charles Borges, submitted a quote, "Involuntary resignation yesterday after he said in in an email obtained by NBC that he faced intolerable work conditions in retaliation after his whistleblower complaint about an alleged major major security risk went public. He alleged that Doge uploaded a copy of a critical social security database to a vulnerable cloud server in June. and by doing so put the personal information of everyone who has ever a ...

DOGE uploaded a copy of all federal Social Security numbers to a high-risk server in June, according to a complaint by Social Security Administration chief data officer Charles Borges.Read more: https://t.co/uryzeTyZeC https://t.co/BjzNNa8KC3 ...

Financial Data and Key Metrics Changes - In Q2 2025, the company reported an ARR growth of 19% to $693.2 million, with SaaS ARR now representing about 69% of total ARR [7][26] - Free cash flow for the year to date reached $82.7 million, up from $67.3 million in the same period last year [7][28] - Revenues for Q2 were $152.2 million, reflecting a 17% year-over-year increase, despite a 7% headwind due to increased SaaS sales recognized ratably [28] - Gross profit was $122.6 million, with a gross margin of 80.6%, down from 84.1% in the previous year [29] - The operating loss for Q2 was $1.9 million, compared to an operating income of $2.1 million in the same period last year [29][30] Business Line Data and Key Metrics Changes - SaaS revenues were $105.9 million, while term license subscription revenues were $32.4 million, and maintenance and services revenues were $13.9 million, with renewal rates over 90% [28] - The contribution margin for ARR in Q2 was 16.5%, up from 14.9% year-over-year, indicating improved leverage [30] Market Data and Key Metrics Changes - The company noted strong demand for its SaaS platform, particularly in protecting cloud environments, which is becoming a material contributor to business growth [8][9] - The data security market is rapidly expanding due to factors such as AI usage and increasing compliance needs, creating more budgeted line items for data security solutions [9] Company Strategy and Development Direction - The company is focused on completing its SaaS transition and capturing a growing market opportunity, particularly in the data security sector [5][24] - Investments are being made to expand use cases and enter new markets, including DSPM (Data Security Posture Management) [9][20] - The strategic partnership with Microsoft is being deepened to enhance security for AI tools and improve integration [20][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook despite a challenging macro environment, citing strong underlying drivers for the business [25][58] - The company anticipates continued strong demand for its solutions, driven by the simplicity and automated outcomes of its SaaS platform [33][34] Other Important Information - The company achieved federal authorization to offer its entire SaaS platform to the federal sector, which is expected to open new opportunities [7][78] - The company repurchased 1 million shares at an average price of $38.59 during the quarter, totaling $38.7 million [31] Q&A Session Summary Question: How does the company compete against Cyera? - Management noted that competitors like Cyera expand the total available market and raise awareness about the need for data protection, but they do not provide comprehensive outcomes like Varonis does [38][39] Question: What is the revenue contribution from the Microsoft partnership? - The partnership is expected to drive significant synergies, particularly in securing AI tools like Copilot, and efforts are underway to develop a pipeline with Microsoft [44][47] Question: What metrics support the confidence in over 20% ARR growth? - Management highlighted strong new customer acquisition and healthy NRR for SaaS, indicating that the difference between current ARR growth and 20% is not substantial [50][52] Question: How is the macro environment trending? - The macro environment remains similar to the previous quarter, with increased deal scrutiny, but the company is well-positioned to capitalize on the growing awareness of data security [56][58] Question: How is the company positioned for federal spending? - The recent FedRAMP authorization is a significant milestone, providing access to the federal sector, although it currently represents about 5% of total ARR [78][79] Question: Can you elaborate on the healthcare-related win? - The healthcare organization utilized multiple services, including AWS and Azure, indicating a trend of customers seeking comprehensive data security solutions [83] Question: What is the outlook for the new database activity monitoring offering? - The new offering is positioned to replace legacy vendors and is expected to drive significant revenue opportunities as customers seek integrated data security solutions [105][109]

Be very careful before you sell, give away or recycle your old computer. Even if you think you deleted everything on it, it may hold lots of personal items you don’t want anyone seeing.Here’s how to make sure your data is really gone. https://t.co/r8QZZO6B27 https://t.co/iqAvkThGY5 ...