AvePoint Expands with Ydentic Acquisition
Deal News | Jan 15, 2025 | Globenewswire
AvePoint, an established leader in data security and governance, has entered an agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). This acquisition is aimed at enhancing AvePoint's MSP platform by leveraging Ydentic's capabilities in automation and service management. The move aligns with AvePoint’s strategy to innovate and scale its offerings in the channel business. AvePoint anticipates the transaction to close by the end of January 2025, underscoring its commitment to fortifying its cybersecurity and IT management portfolio. The acquisition highlights AvePoint's focus on maximizing operational efficiency and creating new revenue streams through advanced automation technologies.
Sectors
- Cybersecurity
- Software as a Service (SaaS)
- Information Technology and Services
Geography
- United States – AvePoint is based in Jersey City, New Jersey, and is a major player in the U.S. technology and data sector.
- Netherlands – Ydentic is based in the Netherlands, highlighting the international scope of AvePoint's acquisition efforts.
Industry
- Cybersecurity – The acquisition highlights AvePoint's efforts in enhancing cybersecurity for Managed Services Providers through advanced solutions.
- Software as a Service (SaaS) – Ydentic, the acquired company, operates within the SaaS industry, providing software solutions to automate IT management for MSPs.
- Information Technology and Services – AvePoint and Ydentic both operate within the IT services sector, focusing on data governance, security, and IT management solutions.
Financials
- $80 billion – Estimated size of the cybersecurity managed services market as of the end of 2024 according to Canalys.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AvePoint | Bidding Company | Company | AvePoint is a leader in data security and governance, providing IT management solutions globally. |
| Ydentic | Target Company | Company | Ydentic is a SaaS company specializing in centralized multi-tenant management for Microsoft MSPs, based in the Netherlands. |
| Dr. Tianyi Jiang (TJ) | CEO and Co-Founder | People | CEO and Co-Founder of AvePoint, overseeing strategic acquisitions and company growth. |
| Jorn Wittendorp | Founder and CEO | People | Founder and CEO of Ydentic, leading the company's strategic development and collaboration with AvePoint. |
| Deloitte | Industry Recognition | Company | Named Ydentic to its Technology Fast 50 program in the Netherlands, recognizing Ydentic's growth and domain expertise. |
| Canalys | Industry Research | Company | Provided market data on cybersecurity managed services, estimating an $80 billion market size by the end of 2024. |