AvePoint – a global leader in data security, governance, and resilience – announced it agreed to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). This strategic acquisition will drive the evolution of Elements, AvePoint’s MSP Platform, for greater MSP profitability, increased operational efficiency, scalability, and new security-centric recurring revenue streams.
Launched in 2017, Ydentic provides modern MSPs with smart software that automates IT management tasks, enhances processes, and gives full control to customers. This automation enables MSPs to excel in value creation while reducing operating costs and eliminating employee knowledge barriers.
This deal is part of AvePoint’s continued investment in the channel business to transform AvePoint Elements into the industry-leading MSP platform. Focusing on data, access, and endpoint security solutions is vital in the age of AI, with industry research firm Canalys estimating that cybersecurity managed services ended 2024 at more than $80 billion.
AvePoint believes the acquisition to close at the end of January 2025.
KEY QUOTES:
“We are thrilled to welcome Jorn Wittendorp and the Ydentic team to AvePoint. This acquisition aligns perfectly with our strategic priority to scale and expand our channel ecosystem. Together, we will enhance automation, service management, and reporting and data insights capabilities for MSPs, creating further competitive differentiation and economic opportunity for our channel partners.”
- Tianyi Jiang (TJ), CEO and Co-Founder of AvePoint
“Joining forces with AvePoint is a tremendous opportunity for Ydentic. Modern MSPs require modern technology solutions to manage, scale, and grow their practices. Our shared vision of empowering MSPs with cutting-edge technology and automation will drive significant value for our customers and AvePoint’s growing channel business.”
- Jorn Wittendorp, Founder and CEO of Ydentic
