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Procore Achieves FedRAMP® “In Process” Designation

1. Procore achieves FedRAMP 'In Process' designation, enhancing public sector capabilities. 2. This progress signals commitment to serving U.S. public sector agencies and contractors.

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FAQ

Why Bullish?

The FedRAMP designation positions Procore favorably in government contracts, similar to AWS's rise after achieving similar authorizations.

How important is it?

The achievement of FedRAMP status indicates a significant advancement in market opportunities and regulatory compliance for Procore.

Why Long Term?

Successful FedRAMP authorization can lead to sustained revenue growth from government contracts, like what was seen with other tech firms.

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CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading technology partner for every stage of construction, today announced that it has achieved a Federal Risk and Authorization Management Program (FedRAMP®) “In Process” designation and is now listed on the FedRAMP Marketplace. This milestone marks significant progress towards achieving FedRAMP Moderate authorization and reinforces Procore's commitment to serving U.S. public sector agencies and their contractors.

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