AvePoint Launches AvePoint Opus, AI Powered Information Lifecycle Management Solution
11 October 2023 - 12:00AM
AvePoint (Nasdaq: AVPT), the most advanced platform to optimize
SaaS operations and secure collaboration, today announced the
launch of AvePoint Opus, its AI-powered information lifecycle
management solution, at #shifthappens Conference 2023. As part of
the AvePoint Confidence Platform’s Resilience Suite, AvePoint Opus
is a comprehensive solution that enables organizations to discover,
classify, protect and manage their data across Microsoft 365
accurately and at scale.
AvePoint Opus is a robust information lifecycle management
solution that ensures organizations can manage all stages of
the data lifecycle and represents the next generation of AvePoint’s
Resilience solutions. A key component of AvePoint Opus is AvePoint
Maestro, which uses AI models powered by Azure Machine Learning to
analyze content and metadata and assign appropriate policies to
documents.
With AvePoint Opus, organizations can now achieve the
following:
- Manage Information and Ensure Compliance:
Automatic data classification, powered by AI, helps reduce the
risks associated with information over-retention or accidental data
deletion to meet compliance standards.
- Optimize Cloud Storage: Specific rules ensure
organizations meet retention and disposal requirements to reduce
excess cloud storage costs, so that organizations maintain greater
control over their budgets.
- Streamline Processes: Automatic records
management removes time intensive work, allowing organizations to
focus on higher value projects and speeding time-to-value for
organizations seeking data-driven insights.
“Organizations today are excited about the power of AI and
machine learning to transform business, but to truly unlock this
technology, they need a comprehensive data strategy that will
accurately analyze, govern and classify their data,” said Dr.
Tianyi Jiang (TJ), Co-founder and CEO, AvePoint. “AvePoint Opus
provides a solution that is automated and capable of learning over
time, allowing organizations to manage the troves of data they
produce today to build that data foundation, maintain compliance
and reduce storage costs.”
AvePoint Opus uses an AI model that rapidly identifies and
classifies content in weeks, as opposed to years if done manually.
The Australian Transport Safety Bureau, for example, has already
benefitted from this efficiency.
“AvePoint has always had a modern information management
solution, which allows the Australian Transport Safety Bureau team
to seamlessly integrate recordkeeping and compliance as part of
their responsibilities,” said Angelo Santosuosso, IT, Property
& Security at the Australian Transport Safety Bureau. “New
capabilities within AvePoint Opus will enhance our organization and
we look forward to continuing to work together.”
In addition, by integrating more AI capabilities, AvePoint’s
channel partner ecosystem will be equipped with smarter, more
automated tools to manage and protect their clients’ data and
collaboration environments.
“With the rapid growth of cloud data, our customers are
experiencing a host of information management challenges,” said
Jacqueline Stockwell, CEO and Founder, Leadership through Data
Limited. “AvePoint Opus and its industry leading AI-powered data
classification capabilities helps us empower our customers to
better manage their information, minimize cloud storage costs,
improve efficiencies and truly thrive in the digital
workplace.”
AvePoint has a track record of innovation spanning more than 20
years, aimed at providing solutions that democratize insights and
provide recommendations and comprehensive protection for customers
and partners. Built upon a robust data management strategy,
AvePoint Opus is one of many AI-powered solutions the company plans
to introduce.
For more information on AvePoint Opus, visit the
website https://www.avepoint.com/products/cloud/avepoint-opus
About AvePointCollaborate with Confidence.
AvePoint provides the most advanced platform to optimize SaaS
operations and secure collaboration. Over 17,000 customers
worldwide rely on our solutions to modernize the digital workplace
across Microsoft, Google, Salesforce and other collaboration
environments. AvePoint's global channel partner program includes
over 3,500 managed service providers, value added resellers and
systems integrators, with our solutions available in more than 100
cloud marketplaces. To learn more, visit www.avepoint.com.
Disclosure Information AvePoint uses the
https://ir.avepoint.com/ website as a means of disclosing material
non-public information and for complying with its disclosure
obligations under Regulation FD.
Forward-Looking
Statements This press release
contains certain forward-looking statements within the meaning of
the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995 and other federal
securities laws including statements regarding the future
performance of and market opportunities for AvePoint. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: changes in the competitive and regulated industries in
which AvePoint operates, variations in operating performance across
competitors, changes in laws and regulations affecting AvePoint’s
business and changes in AvePoint’s ability to implement business
plans, forecasts, and ability to identify and realize additional
opportunities, and the risk of downturns in the market and the
technology industry. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the
“Risk Factors” section of AvePoint’s most recent Quarterly Report
on Form 10-Q and its registration statement on Form S-1 and related
prospectus and prospectus supplements filed with the SEC. Copies of
these and other documents filed by AvePoint from time to time are
available on the SEC's website, www.sec.gov. These filings identify
and address other important risks and uncertainties that could
cause actual events and results to differ materially from those
contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and AvePoint does not assume any obligation and does not intend to
update or revise these forward-looking statements after the date of
this release, whether as a result of new information, future
events, or otherwise, except as required by law. AvePoint does not
give any assurance that it will achieve its
expectations.
Investor
Contact AvePoint Jamie
Arestia ir@avepoint.com (551)
220-5654
Media
Contact AvePoint Nicole
Caci pr@avepoint.com (201)
201-8143
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