OpenText (NASDAQ: OTEX) (TSX:OTEX) achieved the “In Process” designation for its OpenText Cloud for Government platform as part of the opening steps in the Federal Risk and Authorization Management Program (FEDRAMP) program.
The FedRAMP program uses a standardized approach to security authorization for cloud services to push the adoption of secure cloud services across the federal government. The authorization process involves an in depth examination of a solution’s data security, governance capabilities and security practices.
“The availability of FedRAMP Authorized information management cloud solutions from OpenText is a crucial step towards transforming the citizen experience across U.S government agencies,” said Mark J. Barrenchea, CEO and CT at OpenTExt.
Cloud for Government aims for compliance
Cloud for Government combines content capture, storage and documentation organization with archiving, records management on a FedRAMP compliant platform.
The platform includes OpenText Extended Enterprise Content Management Platform and AppWorks. These come in the company’s content services information management portfolio. Additionally, the company wants to push its entire portfolio out as FedRAMP authorized cloud solutions.
“The shift to cloud computing offers several important benefits including reduced Total Cost of Ownership (TCO). Lowering TCO enables organizations to shift focus and investment to their core, high-impact missions rather than on data center operations and application management,” said Michael Beck, president, US public sector at OpenText.
OpenText AppWorks is a low-code development platform that lets government agencies build process applications while keeping compliant with governance requirements. OpenTextxECM, in contrast, offers content within a business process or lead explain user interface context. Options include SAP S/4HANA and Oracle E-Business Suite, HR Applications like SAP SuccessFactors and CRM integrations such as Salesforce as well as productivity tools like Microsoft 365 and SharePoint.
OpenText is a Canadian software company that sells and develops enterprise information management software. It’s based out of Waterloo, Canada, and as of 2022, is Canada’s fourth largest software company.