AvePoint enters agreement to acquire Ydentic, terms not disclosed

AvePoint (AVPT) entered into an agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers. Founded in 2017, Ydentic provides modern MSPs with smart software that automates IT management tasks, enhances processes and full control for customers. This automation allows MSPs to excel in value creation while reducing operating costs and eliminating knowledge barriers for employees. Ydentic was recently named to Deloitte’s Technology Fast 50 program in the Netherlands, highlighting its impressive growth trajectory and strong domain expertise. This acquisition 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 anticipates the acquisition to close at the end of January 2025.