Summit Partners

Goldman Sachs to invest in AvePoint

April 10, 2014: 2:35 PM ET

Goldman Sachs to acquire stake in maker of big data management and compliance software.

AvePoint Logo_black

FORTUNE -- Goldman Sachs (GS) has agreed to acquire a minority equity stake in AvePoint, a New Jersey-based provider of big data management, governance and compliance software for social collaboration platforms like Microsoft Sharepoint. We have not yet learned any financial terms of the deal, which was first disclosed in a Federal Trade Commission document.

Current AvePoint shareholders include private equity firm Summit Partners, which acquired a minority equity stake seven years ago for an undisclosed amount. It is unclear if Summit plans to sell any, or all, of its position to Goldman.

AvePoint was founded in 2001, and reports more than 13,000 clients in such industries as energy, financial services, healthcare and government. A company spokesman confirmed the agreement with Goldman, saying that expectations are that it will close within the next week (pending final regulatory approval).

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