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Data management solutions provider AvePoint agreed to merge with Apex Technology Acquisition Corporation in a $2 billion deal. AvePoint is the largest provider of management solutions for Microsoft 365. AvePoint Co-Founder and Acting CEO Tianyi Jiang said the company has seen "accelerated demand for our products" prior to and during the pandemic, which factored into the company's decision to go public. Apex Co-CEO and Chief Financial Officer Jeff Epstein said AvePoint is "well-positioned to take advantage of" the rampant usage of the Microsoft cloud.
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