Press Release

AvePoint to Combine With Apex Technology, a Special Purpose Acquisition Company, at $2 Billion Value

February 16, 2021

New York – February 16, 2021 – Cooley advised AvePoint, the largest data management solutions provider for the Microsoft cloud, on its agreement to combine with Apex Technology Acquisition Corporation, a publicly traded special purpose acquisition company or SPAC. Upon closing, the combined company, which will have an equity value of approximately $2 billion, is expected to be named AvePoint and will remain a publicly traded company listed on the Nasdaq Stock Market under the new ticker symbol “AVPT.” Partners David Silverman, John McKenna and Brian Leaf led the Cooley team advising AvePoint.

The combined company will be led by Tianyi Jiang, AvePoint’s co-founder and CEO, while AvePoint co-founder Kai Gong will serve as executive chairman. Apex is led by former Oracle CFO Jeff Epstein and former Goldman Sachs Head of Technology Investment Banking Brad Koenig. Epstein will join AvePoint’s board of directors as a director and Koenig will join AvePoint’s board of directors as an observer.

AvePoint’s data management solutions help its diverse, global customer base overcome complex transformation, governance and compliance challenges in the Microsoft cloud. A five-time winner of the Global Microsoft Partner of the Year award, AvePoint offers the only full suite of SaaS solutions to migrate, manage and protect data in Microsoft 365. More than seven million cloud users, including a quarter of the Fortune 500, rely on its solutions.

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