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  5. AvePoint Acquires Essential

M&A Deal Summary

AvePoint Acquires Essential

On October 10, 2022, AvePoint acquired software company Essential

Acquisition Highlights
  • This is AvePoint’s 1st transaction in the Software sector.
  • This is AvePoint’s 1st transaction in South Korea.

M&A Deal Summary
Date 2022-10-10
Target Essential
Sector Software
Buyer(s) AvePoint
Deal Type Add-on Acquisition

Target

Essential

Seoul, South Korea
Essential is a software solutions provider that works with large enterprises in the country including Samsung Electronics, LG Chemical, Hyundai Motors, and Coupang to accomplish their digital transformation goals. Essential was founded in 2018 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

AvePoint

Jersey City, New Jersey, United States
Category Company
Founded 2001
Sector Internet Software and Services
Employees2,934
Revenue 330M USD (2024)
DESCRIPTION

AvePoint specializes in infrastructure management software solutions for Microsoft 365 and Salesforce.com. AvePoint's global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. AvePoint was founded in 2001 and is based in Jersey City, New Jersey.

DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: South Korea M&A 1 of 1
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 Ydentic

Zwolle, Netherlands

Ydentic is a SaaS company specializing in centralized multi-tenant management for Microsoft Managed Services Providers. Ydentic was founded in 2017 and is based in Zwolle, Netherlands.

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