AvePoint Adds New Solutions to its FedRAMP (moderate) Authorization

03/14/2023
Demonstrating its commitment to security for public sector customers, AvePoint continues to assess its solutions against high security standards

JERSEY CITY, N.J., March 14, 2023 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, today announced the addition of three new solutions to its FedRAMP (moderate) Authorization as a Software as a Service (SaaS) company, signifying that AvePoint security controls have been rigorously evaluated and its SaaS solutions are verified for use within all federal agencies. Including new solutions in its FedRAMP (moderate) Authorization reinforces AvePoint’s continued commitment to upholding government security standards for all customers, including public sector and federal customers in the United States.

AvePoint initially achieved its FedRAMP (moderate) authorization, sponsored by the Department of Energy, in April 2021, and continued to authorize more solutions in 2022, with sponsorship from the Department of State. Today, a total of 19 cloud solutions are FedRAMP (moderate) authorized, as part of the AvePoint Confidence Platform. New additions include Cloud Backup for Azure, which provides granular recovery and restores of Azure Active Directory, Virtual Machines and Blobs/ File Storage, ReCenter, which helps customers find and restore lost data in Microsoft 365 and Google Workspace, and Confide, a highly secure virtual data room hosted within Microsoft 365.

The U.S. Treasury Department, IRS, NASA and more than 1,000 other public sector organizations rely on AvePoint to secure cloud collaboration, mitigate access risk, reduce security breaches and strengthen audit and compliance posture in the digital workplace. Working with FedRAMP Authorized vendors is also a component of Zero Trust, which can save organizations an average of 1 million USD in data breach costs compared to those who do not deploy, and which 60% of organizations will embrace as a starting point for security, according to Gartner.

“AvePoint understands why public sector organizations, who manage highly sensitive data every day, need partners that value security as much as they do,” said John Peluso, Chief Product Officer, AvePoint. “We do not take our role of securing data lightly and believe that investing in the credentials to back up our commitment is a key differentiator for our customers in regulated industries. That’s why in addition to adding solutions to our FedRAMP (moderate) authorization, AvePoint is also pursuing FedRAMP (High) authorization, DoD Impact Levels 5 and 6 authorizations, TX-RAMP, and other certifications.”

As part of its overall resiliency strategy and commitment to security for all customers, AvePoint has achieved certifications including SOC 2 Type II, ISO 27001, CSA STAR, IRAP and StateRAMP. All certifications can be found in the AvePoint Trust Center.

To learn more about AvePoint’s FedRAMP (moderate) Authorized solutions visit the Public Sector website.

About AvePoint
Collaborate with confidence. AvePoint provides the most advanced platform to optimize SaaS operations and secure collaboration. More than 9 million cloud users rely on our solutions. Our SaaS solutions are also available to managed service providers via more than 100 cloud marketplaces, so they can better support and manage their small and mid-sized business customers. Founded in 2001, AvePoint is a five-time Global Microsoft Partner of the Year and headquartered in Jersey City, New Jersey. For more information, visit www.avepoint.com.

Disclosure Information
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Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Quarterly Report on Form 10-Q and its registration statement on Form S-1 and related prospectus and prospectus supplements filed with the SEC. Copies of these and other documents filed by AvePoint from time to time are available on the SEC's website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations.

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AvePoint
Jamie Arestia
ir@avepoint.com
(551) 220-5654

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AvePoint
Nicole Caci
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Source: AvePoint, Inc.