AvePoint announced on January 15, 2025, an agreement to acquire Ydentic, a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers (MSPs). This acquisition is set to drive the evolution of AvePoint's Elements platform.
The strategic acquisition aligns with AvePoint's priority to scale and expand its channel ecosystem. It aims to enhance automation, service management, and reporting and data insights capabilities for MSPs, creating competitive differentiation.
Ydentic, founded in 2017, provides smart software that automates IT management tasks and enhances processes for MSPs. The acquisition is anticipated to close at the end of January 2025, bolstering AvePoint's channel business in the growing cybersecurity managed services market.
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