AvePoint Adds Three New Products to its FedRAMP (moderate) Authorization to Support the United States Public Sector

JERSEY CITY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, today announced the addition of three new products to its FedRAMP (moderate) authorization as a Software as a Service (SaaS) company, which indicates their security controls have been rigorously tested and its SaaS solutions are verified for use within all federal agencies. Additionally, the company achieved compliance with HITRUST CSF v11.0.1 for the AvePoint Confidence Platform, supporting the global healthcare industry and evolving its existing SOC 2 Type II certifications. Both certifications demonstrate AvePoint’s commitment to upholding robust security and privacy standards, especially for organizations in regulated industries like federal agencies in the United States and healthcare providers across the globe.

FedRAMP (moderate) Authorization for Three New Products

According to Deloitte, 77% of government agencies say that digital transformation initiatives established during the pandemic are already having a positive impact on their organization. Today AvePoint adds the following products to its FedRAMP (moderate) authorization, which includes over 20 products since receiving its initial sponsorship in 2021:

• AvePoint tyGraph, which provides advanced workforce analytics on employee engagement and for Microsoft 365 adoption and ROI;
• MaivenPoint Examena, which powers secure, AI-enabled examinations; and
• MaivenPoint Curricula, which enhances the modern learning experience for continuous education.
  

These three products are part of the AvePoint Confidence Platform’s Modernization Suite, which enables organizations to remove the barriers to workplace innovation by unifying data, optimizing business processes, and improving the employee experience. Now, even more AvePoint customers like the U.S. Treasury Department, IRS, NASA and over 1,000 other public sector organizations can continue their digital transformation efforts.

“We’ve always believed that empowering those in the public sector and regulated industries to safely and effectively use technology is of utmost importance,” said John Peluso, Chief Product Officer, AvePoint. “Adding more FedRAMP accreditations to our Modernization Suite reflects our commitment to supporting organizations like government entities and institutions of higher education in their adoption of new technology like AI, securing cloud collaboration and mitigating data risk, and migrating critical information.”

HITRUST CSF v11.0.1 Attestation for the AvePoint Confidence Platform

In addition to its FedRAMP (moderate) authorization, AvePoint recently added to its SOC 2 Type II certification with HITRUST CSF v11.0.1, a widely adopted healthcare industry framework that integrates requirements from HIPAA, NIST, ISO and other standards into a comprehensive set of security controls. This certification validates AvePoint’s commitment to implementing best practices that safeguard patient health information and provide an extra layer of assurance to healthcare organizations across the world using the AvePoint Confidence Platform.

“AvePoint understands how critical data protection is, especially within regulated industries and when working with personal health data,” said Dana Simberkoff, Chief Risk, Privacy and Information Officer, AvePoint. “Adding new certifications like HITRUST reinforces that we practice what we preach and that we are committed to earning and upholding customer trust.”

AvePoint’s cyber resilience strategy and commitment for all customers and partners includes its ISO 27001, CSA STAR, IRAP and StateRAMP accreditations, which can be found in the AvePoint Trust Center.

For more information on how public sector and healthcare organizations can navigate digital transformation challenges and embrace change, visit our website.

About AvePoint
Collaborate with Confidence. AvePoint provides the most advanced platform to optimize SaaS operations and secure collaboration. Over 17,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments. AvePoint's global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

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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