Procore Launches FedRAMP Authorization Process to Provide Federal Customers with Enhanced Cloud Security

CARPINTERIA, Calif., July 16, 2024 - Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced the launch of the process to authorize its platform and solutions with the Federal Risk and Authorization Management Program (FedRAMP®). Procore's launch of the FedRAMP authorization process highlights a dedication to delivering the highest standards of security and data compliance for federal customers and contractors.

Procore has been preparing for the FedRAMP authorization process through strategic investments and building a security practice that has prepared essential tools, processes, and methodologies that assist in FedRAMP compliance. Procore's strategic investment in FedRAMP compliance, applied widely across its product suite, enables customers to benefit from standardized security and continuous monitoring regardless of what tool in the platform they are using.

Procore has selected Coalfire, a services company specializing in global cybersecurity and compliance, to support the activities required to complete this process. More than 70% of FedRAMP-authorized providers choose Coalfire for their compliance assessment and advisory needs. Coalfire brings cloud service providers to audit-ready status in record time with 100% of its submitted builds passing FedRAMP 3PAO (Third Party Assessment Organization) audit to date.

"Today Procore's solutions serve a broad spectrum of Public Sector customers. Achieving FedRAMP authorization highlights our dedication to enabling customers to maximize their Procore investments," said Chief Product Officer at Procore, Wyatt Jenkins. "The FedRAMP program establishes the gold standard for security, and with Coalfire's partnership, we are well-positioned to offer our customers solutions that guarantee robustness, resilience, and regulatory compliance."

Procore is revolutionizing the construction software landscape by providing an all-in-one, cloud-based software-as-a-service (SaaS) platform that streamlines project management, improves collaboration, and increases efficiency across the construction lifecycle. Procore's step towards the FedRAMP authorization process will provide increased assurance and trust for government agencies and other federal customers that require high levels of data protection and regulatory compliance.

To learn more about how Procore is improving the lives of everyone in construction while ensuring customer data is secure and compliant, see here: https://www.procore.com/trust-and-security/fedramp.

About Procore

Procore Technologies, Inc. creates software for people who build the world. With a focus on providing timely and accurate data for all, Procore transforms the construction industry one project at a time - from hospitals and skyscrapers to airports and stadiums. Beyond its connected, innovative technology, Procore empowers the industry and its communities through Procore.org. For more information, visit www.procore.com.