AvePoint, Inc., a leader in enabling enterprise collaboration across platforms and devices, will invest $1.5 million to establish an operation in Richmond, Virginia, creating 100 new jobs. The company will also expand in Arlington County, creating 55 additional jobs.
Founded in 2001, Jersey City, NJ-based AvePoint serves over 14,000 organizations and 3 million Office 365 users in five continents across all industry sectors, with focused practices in the energy and utilities; financial services; healthcare and pharmaceuticals; and public sector industries.
Asked why AvePoint chose Virginia over other locations vying for the project, Brian Brown, AvePoint’s Global General Counsel, replied, “It was a highly competitive selection process and AvePoint considered numerous quantitative and qualitative factors in its analysis. In the end, Virginia clearly offers an unparalleled attractive business atmosphere with lower taxes, a lower cost of doing businesses and a highly talented labor force, the combination of which no other location suitably matched. In addition to being business and employer friendly, Virginia offers an idyllic setting for our employees to live and thrive. Compared to other possible expansion locations, Virginia took the winning position by a wide margin thanks to its commercial, social and cultural standing.”
Tom Lin, AvePoint Corporate Vice President of North America Sales, added, “AvePoint has long had its eye on Virginia—Richmond and Arlington, specifically. The highly specialized workforce, temperate weather, booming culture, ever expanding and exceptional food and craft brewery scenes, pro-business economy and abundance of Southern charm and hospitality made it a clear choice for AvePoint. We’re extremely pleased to grow our operations in the great Commonwealth of Virginia and look forward to many prosperous years ahead.”
The Virginia Economic Development Partnership worked with the City of Richmond, the Greater Richmond Partnership, and Arlington County to secure the project. AvePoint is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the state’s Jobs Investment Program.
“We are thrilled that AvePoint will establish its presence in Richmond and expand its footprint in Arlington, VA,” said Governor Terry McAuliffe. “This is a major international company that provides invaluable data management software that will grow in demand as platforms and devices continue to advance. Technology development is an important component of building a new Virginia economy, and we look forward to continuing a strong corporate partnership between the Commonwealth and AvePoint.”
