OpenText Cloud for Government Solution Achieves FedRAMP Authorization
Rhea-AI Summary
OpenText (NASDAQ: OTEX) has received full FedRAMP authorization for its Cloud for Government solution, including Extended ECM and AppWorks. This authorization helps federal agencies modernize applications, strengthen cybersecurity, and deliver a better citizen experience by digitizing records and automating workflows. The solution ensures compliance with evolving security requirements and provides integrated content lifecycle management. Additionally, it supports seamless collaboration and improves operational effectiveness. This FedRAMP authorization enables federal agencies to securely and efficiently migrate more workloads to the cloud while maintaining control and compliance.
Positive
- OpenText achieves full FedRAMP authorization, enhancing security and compliance for federal agencies.
- The Cloud for Government solution includes Extended ECM and AppWorks, providing comprehensive content management and process automation.
- FedRAMP authorization enables federal agencies to modernize applications and securely migrate workloads to the cloud.
- The solution supports seamless collaboration and operational effectiveness, improving the total citizen experience.
- OpenText's Cloud for Government helps digitize records and automate workflows, enhancing service delivery and transparency.
- Integration with leading enterprise applications like Microsoft 365 improves decision-making and operational efficiency.
Negative
- No specific financial growth data or revenue impact mentioned in the PR.
- Potential high implementation costs for federal agencies not addressed.
- No detailed timeline for adoption or implementation of the new solution.
News Market Reaction – OTEX
On the day this news was published, OTEX gained 0.66%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
New FedRAMP authorized solution enhances federal agencies' ability to deliver a seamless total citizen experience
Modernization of legacy systems and ever-evolving cyber security threats are among the challenges often faced by government agencies. These are critical to delivering a "total citizen experience," one of several key initiatives driven by the
"The availability of FedRAMP authorized information management cloud solutions from OpenText validates our commitment to helping
With OpenText Cloud for Government, federal agencies can automate workflows and manage all forms of content throughout the entire content lifecycle — digitizing record files, creating a content ecosystem and gaining a complete view of content across all channels. While also strengthening security, compliance, and control, Cloud for Government will enable federal agencies to deliver a faster and more transparent service. Cloud for Government's information management and low-code process automation will enable federal agencies to work and collaborate seamlessly. The solution combines content storage and document organization with archiving, content management, and imaging in a FedRAMP-compliant cloud environment.
"Government agencies have been wrestling with content management challenges for years," said Adelaide O'Brien, Research Vice President, IDC Government Insights. "Having OpenText information management and process automation tools authorized by FedRAMP provides government CIOs new options for high-security, low-risk flexibility to accelerate their migration to the cloud."
The Cloud for Government solution offers government agencies a bundled solution to deliver digital cloud services. This includes:
- Extended ECM is an enterprise content management solution that securely governs the information lifecycle by integrating with leading enterprise applications, such as Microsoft® 365. Bringing content and processes together, Extended ECM provides access to information when and where it is needed, improves decision-making and drives operational effectiveness.
- AppWorks is a low-code development platform for building smart, engaging and easy-to-deploy process automation and dynamic case management applications. AppWorks helps re-engineer business processes around customer, employee and partner needs to deliver seamless digital experiences, adapt to changing market expectations, improve efficiency and manage risk.
This solution joins two other OpenText cloud-based solutions on the FedRAMP marketplace:
- OpenText Fortify on Demand performs security assessments of application code, websites and APIs without any software to install or manage. Fortify on Demand helps government agencies adhere to internal risk management policies and government mandates. Fortify also allows agencies to perform automated software composition analysis to identify open-source components and other third-party software in an application, generate software bill of materials, and take control over the security of their software supply chain materials, and take control over the security of their software supply chain.
- OpenText IT Management Platform (ITMX) allows federal agencies to deliver dependable, mission-critical services to citizens and employees while maximizing the value of their IT budgets. ITMX delivers unified IT Service & Asset Management, Universal Discovery & CMDB, and Project & Portfolio Management so federal agencies can identify IT service delivery problems faster; resolve incidents, support tickets and service requests quicker; and manage IT changes, projects and portfolios more reliably.
OpenText is trusted and relied on by the world's largest governments and helps over 3,700 public sector customers globally to address critical IT needs and public sector mandates.
Learn more about OpenText Government Cloud Solutions.
Additional Resources:
- Delivering FedRAMP® authorized information management for government
- OpenText Industries: Public Sector
About OpenText
OpenText™ is The Information Company™. We are the No. 1 information management software and services company in the world. We power and protect information to elevate every person and every organization to gain the information advantage and be their best. OpenText offers a comprehensive portfolio of solutions for content, business network, digital experience, security, analytics and AI, DevOps, IT operations management, and developer APIs. For more information about OpenText (NASDAQ/TSX: OTEX), visit www.opentext.com.
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OpenText CEO Mark Barrenechea's blog
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
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FAQ
What is FedRAMP authorization, and how does it relate to OpenText's Cloud for Government solution?
What are the core products included in OpenText's Cloud for Government solution?
How does OpenText's FedRAMP authorization benefit federal agencies?
What improvements can federal agencies expect from using OpenText's Cloud for Government?
Does OpenText's Cloud for Government support integration with other enterprise applications?
What other OpenText solutions are available on the FedRAMP marketplace?
