AvePoint establishes US$71.7mil R&D hub in Singapore
By Digital New Asia August 29, 2022
- Nasdaq listed firm commits to hiring over 500 digital professionals by 2026
- Advance its IT and digital infrastructure as well as global trade connectivity
AvePoint (NASDAQ: AVPT), a SaaS and data management platform provider, announced on Fri, Aug 26 its newly established US$71.7 million (S$100 million) R&D Hub in Singapore, which will act as a major hub within the company’s worldwide R&D network and foster local talent to support the growing global demand for B2B SaaS solutions.
Through its new investment supported by EDBI, the investment arm of Singapore’s Economic Development Board, and Digital Industry Singapore (DISG), AvePoint will also advance its IT and digital infrastructure as well as global trade connectivity to continue its international expansion.
Minister for Trade and Industry Singapore, Gan Kim Yong, joined AvePoint to usher in a new commitment to innovation with the ceremony held at AvePoint’s new office located at Galaxis, One North.
“AvePoint has worked closely with the Singapore government, education and enterprise organizations to advance our digital transformation efforts over the last thirteen years, so it was a privilege to have our key partners and investors celebrate this moment with us,” said Dr Tianyi Jiang (TJ), Co-Founder and CEO (left), AvePoint.
“Establishing our international R&D Hub and Asia headquarters in Singapore reflects both the historical success we’ve had with valued partners, including Microsoft, as well as the promise we see in this country and the broader APAC region. It is a critical step in advancing our key growth vector to continue our international expansion.”
The investment will see AvePoint hire and train over 500 digital professionals by 2026, nearly tripling its existing team of product and technology professionals in roles such as business analysts, data scientists, software architects and Microsoft-certified engineers in Singapore.
The company will provide robust professional development opportunities, empower local leadership, and invest in collaborative recruitment with local education institutions. With the growth of a vibrant R&D community in Singapore, AvePoint intends to continue product innovation to address modern digital challenges including hybrid work collaboration, security, responsible use of artificial intelligence, blended learning, and well-being.
Over the last decade, AvePoint has delivered multiple innovative solutions including a SaaS Shared Training Management System for six institutes of higher learning in Singapore. The R&D Hub will ensure continued innovation in the edtech domain, to empower future generations and create access to quality education for our digital future.
“AvePoint’s R&D and product capabilities will contribute to meeting global demand for B2B SaaS solutions from Singapore. This is a testament to Singapore’s strong tech ecosystem for talent, business and innovation,” said Chan Ih Ming, Senior Vice President of DISG.
“We look forward to partnering with AvePoint to support digital transformation for enterprises through innovative and purpose-driven technologies,” he added.
In addition to anchoring the development of new products and solutions for Singapore and the global market, AvePoint’s new location will strengthen global cloud resilience for customers, support data sovereignty, strengthen multi-cloud security, and ensure regional businesses are supported at the local level.