NASDAQ-listed AvePoint, a Microsoft 365 data-management solutions provider, has just set up a S$100 million international research and development (R&D) hub in Singapore.

The facility will act as a major hub within the company’s worldwide R&D network and foster local talent to support the growing global demand for B2B software as a service solution, Avepoint said in a statement on Friday (Aug 26).

Through its new investment supported by EDBI, the Economic Development Board’s investment arm, and Digital Industry Singapore, AvePoint will also advance its IT and digital infrastructure and global trade connectivity to continue its international expansion.

With this R&D hub investment, AvePoint will hire and train over 500 digital professionals by 2026, nearly tripling its existing team of product and technology professionals in business analysis, data science, software architecture and Microsoft-certified engineering roles in Singapore.

The company said it will provide professional development opportunities, empower local leadership and invest in collaborative recruitment with local education institutions.

“In addition to anchoring the development of new products and solutions for Singapore and the global market, AvePoint’s new location will strengthen global cloud resilience for customers, support data sovereignty, strengthen multi-cloud security, and ensure regional businesses are supported at the local level,” it added.

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