Investment Management, 8VantEdge

8VantEdge

Investment Management

8VantEdge offers a hybrid fundamental stock picking combined with algorithmic rules based on human psychology.

Thematic (Sector/Industry)

<ul><li>Singapore’s software-as-a-service (SaaS) sector is undergoing a significant transition with artificial intelligence (AI) increasingly becoming essential infrastructure rather than a supplementary feature.</li><li>Several factors are driving this transition from traditional software to scalable, AI-powered platforms.</li><li>Newly implemented wage escalations and rising foreign worker levies encourage domestic enterprises to offset structural labour costs by automating back-office functions.</li></ul>

Singapore’s software-as-a-service (SaaS) sector is undergoing a significant transition with artificial intelligence (AI) increasingly becoming essential infrastructure rather than a supplementary feature.Several factors are driving this transition from traditional software to scalable, AI-powered platforms.Newly implemented wage escalations and rising foreign worker levies encourage domestic enterprises to offset structural labour costs by automating back-office functions.

The AI-SaaS Frontier: Enterprise Software Meets AI-Powered Workflow Automation

Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Equity Bottom-Up

<ul><li>AvePoint’s Q1FY2026 result was ahead of the prior midpoint, but the May update did not become a clean full-year upgrade.</li><li>Revenue reached US$117.2m versus a US$116.0m midpoint, while non-GAAP operating income reached US$20.5m versus a US$20.0m midpoint.</li><li>The central update is that operating performance beat plan, but FX more than offset that beat in the full-year bridge.</li></ul>

AvePoint’s Q1FY2026 result was ahead of the prior midpoint, but the May update did not become a clean full-year upgrade.Revenue reached US$117.2m versus a US$116.0m midpoint, while non-GAAP operating income reached US$20.5m versus a US$20.0m midpoint.The central update is that operating performance beat plan, but FX more than offset that beat in the full-year bridge.

AvePoint Inc. Results Update (08 May 2026)

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/avepoint-inc" target="_blank" data-smartkarma-citation="entities:37131:1" rel="noopener">AvePoint (AVPT US)</a> , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.</li>
<li>As of FY24, AP had over 25,000 customers who rely on its Confidence Platform to prepare, secure, and optimize their critical data across environments.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



AvePoint (AVPT US) , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.
As of FY24, AP had over 25,000 customers who rely on its Confidence Platform to prepare, secure, and optimize their critical data across environments.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


AvePoint SGX Secondary Listing - Strong Growth and Large Client Base but Unclear Metrics

<ul><li>FY2025 improved the quality of growth more than it changed the headline story.</li><li>Revenue rose to US$419.5m and annual recurring revenue (ARR) reached US$416.8m, with SaaS now at 76% of revenue.</li><li>That makes the business look less like a transition case and more like a scaled recurring software model. </li></ul>

FY2025 improved the quality of growth more than it changed the headline story.Revenue rose to US$419.5m and annual recurring revenue (ARR) reached US$416.8m, with SaaS now at 76% of revenue.That makes the business look less like a transition case and more like a scaled recurring software model. 

<ul><li>AvePoint is a global subscription software company that helps organizations manage, protect and govern collaboration data sitting in cloud platforms such as Microsoft 365 and other SaaS tools.</li><li>Its platform combines backup, data protection, governance and modernization so that customers can keep using these tools and newer AI features without losing control of security or compliance.</li><li>In 2024 it generated US$330m of revenue, up 22% from 2023, with SaaS contributing roughly 70% of the total and recurring revenue 87%.</li></ul>

AvePoint is a global subscription software company that helps organizations manage, protect and govern collaboration data sitting in cloud platforms such as Microsoft 365 and other SaaS tools.Its platform combines backup, data protection, governance and modernization so that customers can keep using these tools and newer AI features without losing control of security or compliance.In 2024 it generated US$330m of revenue, up 22% from 2023, with SaaS contributing roughly 70% of the total and recurring revenue 87%.

United States

AvePoint develops software products for data management, migration, protection, and security across major cloud platforms like Microsoft 365, Google, and Salesforce. The company's solutions help organizations streamline data governance, ensure compliance, and optimize operations in the digital workplace. AvePoint is headquartered in Jersey City, New Jersey, and was founded in 2001.

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AvePoint (AVPT SP)

The AI-SaaS Frontier: Enterprise Software Meets AI-Powered Workflow Automation

Singapore’s software-as-a-service (SaaS) sector is undergoing a significant transition with artificial intelligence (AI) increasingly becoming...

8VantEdge

AvePoint Inc. Results Update (08 May 2026)

AvePoint’s Q1FY2026 result was ahead of the prior midpoint, but the May update did not become a clean full-year upgrade. Revenue reached US$117.2m...

ICAM

AvePoint SGX Secondary Listing - Strong Growth and Large Client Base but Unclear Metrics

AvePoint (AVPT US) , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.

Sumeet Singh

AvePoint Inc. Results Update

FY2025 improved the quality of growth more than it changed the headline story. Revenue rose to US$419.5m and annual recurring revenue (ARR)...

ICAM

AvePoint Inc: Initiating Coverage

AvePoint is a global subscription software company that helps organizations manage, protect and govern collaboration data sitting in cloud...

ICAM

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