Procore receives FedRAMP designation

Procore Technologies Inc. (NYSE: PCOR) announced it has achieved Federal Risk and Authorization Management Program "In Process" designation and is now listed on the FedRAMP Marketplace.

The designation marks progress toward achieving FedRAMP Moderate authorization, which would allow the construction technology company to serve U.S. public sector agencies and their contractors through a specialized government environment.

Once authorized, Procore for Government will provide a FedRAMP Moderate authorized environment for the company's core solutions, including Project Execution, Financial Management, and Reporting and Analytics.

"Many of the largest projects in the U.S.—from power plants to roads to water systems and bridges–are developed by the public sector," said Steve Davis, President of Product and Technology at Procore. "Today's FedRAMP 'In Process' designation further strengthens Procore's commitment to being the most trusted technology partner for builders supporting the U.S. public sector."

The planned Procore for Government platform will connect people, processes, and data across project lifecycles and help contractors meet Cybersecurity Maturity Model Certification Level 2 requirements.

FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services used by federal agencies.

Procore operates a construction technology platform that the company states has been used on over three million projects across 150 countries. The Carpinteria, California-based company provides software solutions for project management, financial management, and analytics in the construction industry.

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