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Dr. Tianyi Jiang (TJ) co-founded AvePoint 22 years ago, after experiencing the 9/11 tragedy firsthand and quickly understanding how precious life is and why it’s critical to do something you’re passionate about. From there, he pursued a graduate degree in machine learning and data mining and began his entrepreneurial journey building AvePoint.
The company has grown from a two-person operation out of a public library in Somerset, NJ to a publicly listed (Nasdaq: AVPT), global software powerhouse with [REDACTED FOR PUBLICATION] over 17,000 customers on all seven continents. Most recently, TJ has led the company to three consecutive quarters of beating guidance for annual recurring revenue (ARR), total revenue and non-GAAP operating income.
This year, under TJ’s leadership, AvePoint has expanded the Confidence Platform to empower organizations like [REDACTED FOR PUBLICATION], WPP, [REDACTED FOR PUBLICATION], the IRS and P&G (in addition to smaller companies and managed service providers that support companies of all sizes) to secure collaboration and optimize SaaS operations. Especially as organizations produce more data with AI, our platform has become even more critical to fuel safe and productive digital work. For example, AvePoint launched AvePoint Opus, our AI-powered information lifecycle management solution that helps organizations better understand information, reduce costs and improve efficiencies, and AvePoint EnPower to improve SaaS management across innovative new technology like Microsoft Power Platform. Finally, expanded data resiliency capabilities like AvePoint Cloud Backup Express featuring integration with Microsoft 365 Backup Storage continue to keep customers and partners safe from data loss and threats.
As a result of high demand for – and satisfaction with – our solutions, AvePoint continues to grow. In Q3 2023, we achieved total ARR of $250.6 million, representing 25% year-over-year growth when adjusted for FX impact. Our SaaS revenue was $41.9 million, up 40% year-over-year, and total revenue was $72.8 million, up 16% year-over-year. With TJ’s guidance and help from our Investor Relations team, our quarterly results and external presence have solidified the company’s status as a publicly traded company (Nasdaq: AVPT). The number of analysts covering AvePoint has increased by 40% and in March 2023 we hosted AvePoint’s first ever investor day.
Under TJ’s leadership, AvePoint has won many prestigious industry awards including the 2023 Inc Power Partner Awards and the SaaS Awards for best enterprise level SaaS product. AvePoint was named a finalist in the Apps and Solutions for Microsoft Teams Microsoft Partner of the Year award and won the Global ISV Microsoft Japan Partner of the Year, for the second year in a row (and is the only company to ever achieve this).
Additionally, TJ continues to build his industry leadership, especially as it relates to AI and digital transformation. He is featured regularly in Forbes, Fox Business, Yahoo! Finance, Nasdaq Trade Talks, Bloomberg and more and has spoken on panels, most notably a business leader roundtable on AI at the US Chamber of Commerce. At AvePoint’s #shifthappens Conference in Washington D.C. earlier this year, TJ spoke to hundreds of attendees about why he’s bullish on AI and announced AvePoint’s status as a founding member of the AI Trust Foundation, a non-profit membership organization designed to be the leading voice for promoting beneficial AI through education and outreach led by former Congressman Jerry McNerney and Pillsbury Law, which has a dedicated AI practice.
Finally, TJ was named CEO of the Year in the Information Technology Products or Services category by the Globee Awards, an American Business Awards Entrepreneur of the Year in the Computer Software category and a Top 50 SaaS CEO by the Software Report this year, reflective of his excellent leadership at AvePoint and in the industry.