Avepoint sites major international R&D facility in Singapore

Source: AvePoint. AvePoint picks Singapore as its latest International R&D Hub location. From left: Dux Raymond Sy, Chief Brand Officer, AvePoint; Lee Hui Li, MD, Microsoft Singapore; Gan Kim Yong, Minister for Trade & Industry, Singapore; Dr Tianyi (TJ) Jiang, Co-Founder & CEO, AvePoint; Philbert Gomez, VP & Head, Digital Industry Singapore; John Chen, Deputy Director, Industry Division (Connectivity & Services), Ministry of Trade and Industry, Singapore.

AvePoint, the software-as-a-service (SaaS) and data management platform provider, has announced a S$100 million International R&D Hub in Singapore. The new hub will act as a major resource within the company’s worldwide R&D network and foster local talent to support growing global demand for B2B SaaS solutions. The investment is supported by EDBI, the investment arm of Singapore’s Economic Development Board, and Digital Industry Singapore (DISG).

AvePoint will also leverage the investment to advance its IT and digital infrastructure as well as global trade connectivity. As more organisations in the Asia Pacific (APAC) region digitise and require SaaS solutions, AvePoint sees a critical need to expand its presence in the region and support growing customer demand.

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 multicloud security, and ensure regional businesses are supported at the local level.

“AvePoint has worked closely with the Singapore government, education and enterprise organisations to advance our digital transformation efforts over the last 13 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, 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 company aims to provide robust professional development opportunities, empower local leadership, and invest in collaborative recruitment with local education institutions. AvePoint plans to 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.

“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 VP, DISG.

“We look forward to partnering with AvePoint to support digital transformation for enterprises through innovative and purpose-driven technologies.”

AvePoint's product innovation focus includes hybrid work collaboration, security, the responsible use of artificial intelligence, blended learning, and wellbeing. The company's implementations include a SaaS Shared Training Management System for six institutes of higher learning in Singapore.