WalkMe Achieves FedRAMP® Ready Status
April 11 2023 - 9:00AM
WalkMe Inc. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced it has achieved Ready status for the
Federal Risk and Authorization Management Program (FedRAMP) at a
Moderate impact level. With this achievement, WalkMe becomes the
first digital adoption platform provider listed on the FedRAMP
Marketplace as the company advances its existing position in
accelerating federal agencies’ technology modernization and IT
transformation.
With WalkMe, the Federal Government will be able to accelerate
mission success in multiple areas including:
- Digital Government/Digital Services -
providing a framework for digital services and improving critical
Customer Experience (CX) initiatives for employees and
citizens
- Technology & Legacy Modernization -
enhancing and renovating legacy platforms and enterprise
applications
- Data & Information Management - improving
data integrity and quality issues related to interoperability of
the government tech stack
- Improving the Government Workforce -
increasing employee productivity by eliminating operational drag of
poorly optimized software and application
FedRAMP is a government-wide program that
provides a standardized approach to security assessment,
authorization, and continuous monitoring for cloud products and
services. It helps the U.S. government adapt from legacy IT to
secure cloud-based solutions.
The U.S. federal market is one of the largest
and most complex enterprises in the world, which will now benefit
from WalkMe’s established success and innovation in a range of
markets including healthcare, financial services, education,
hospitality, retail, and more.
WalkMe is listed on the FedRAMP Marketplace with Authority to
Operate status at the Moderate level estimated in Summer 2023.
“Achieving FedRAMP Ready status signifies an
incredible moment in WalkMe’s growth story as we officially enter
the U.S. Federal market,” said Billy Biggs, Vice President
- Public Sector, WalkMe. “Digital transformation is a top
priority for every C-level executive within the federal government.
Now more than ever, federal executives are looking for technology
solutions that deliver true return on investment and help
accelerate mission success in a matter of weeks, not years. The
feedback from the federal government ecosystem on the WalkMe value
proposition over the last few months has been extremely positive,
and we’re excited to be able to offer our solutions while meeting
the highest security posture via FedRAMP.”
As part of WalkMe’s progress, the company also
expects to move from StateRAMP “active” status to “pending” to
further serve the security standards for state, local and higher
education clients interested in getting the most out of their
technology investments through digital adoption platforms. Being
FedRAMP Ready means that WalkMe can offer a full range of its
solutions to U.S. federal, state and local government customers,
U.S. government contractors, and federally funded research and
development centers (FFRDCs). Read more about WalkMe for the public
sector here.
About WalkMeWalkMe's
cloud-based digital adoption platform enables organizations to
measure, drive and act to ultimately accelerate their digital
transformations and better realize the value of their software
investments. Our platform leverages proprietary technology to
provide visibility to an organization's Chief Information Officer
and business leaders, while improving user experience, productivity
and efficiency for employees and customers. Alongside walkthroughs
and third-party integration capabilities, our platform can be
customized to fit an organization's needs.
Special Note
Regarding Forward-Looking
Statements:
This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. We intend such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 27A
of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
contained in this press release other than statements of historical
fact are forward-looking statements. The words “believe,” “may,”
“will,” “estimate,” “potential,” “continue,” “anticipate,”
“intend,” “expect,” “could,” “would,” “project,” “plan,” “target,”
and similar expressions are intended to identify forward-looking
statements, though not all forward-looking statements use these
words or expressions. These forward-looking statements are subject
to risks, uncertainties and assumptions, some of which are beyond
our control. In addition, these forward-looking statements reflect
our current views with respect to future events and are not a
guarantee of future performance. Actual outcomes may differ
materially from the information contained in the forward-looking
statements as a result of a number of factors, including, without
limitation, the following: our ability to manage our growth
effectively, sustain our historical growth rate in the future or
achieve or maintain profitability; the impact of the COVID-19
pandemic or adverse macro-economic changes on our business,
financial condition and results of operations; the growth and
expansion of the markets for our offerings and our ability to adapt
and respond effectively to evolving market conditions; our
estimates of, and future expectations regarding, our market
opportunity; our ability to keep pace with technological and
competitive developments and develop or otherwise introduce new
products and solutions and enhancements to our existing offerings;
our ability to maintain the interoperability of our offerings
across devices, operating systems and third-party applications and
to maintain and expand our relationships with third-party
technology partners; the effects of increased competition in our
target markets and our ability to compete effectively; our ability
to attract and retain new customers and to expand within our
existing customer base; the success of our sales and marketing
operations, including our ability to realize efficiencies and
reduce customer acquisition costs; the percentage of our remaining
performance obligations that we expect to recognize as revenue; our
ability to meet the service-level commitments under our customer
agreements and the effects on our business if we are unable to do
so; our relationships with, and dependence on, various third-party
service providers; our dependence on our management team and other
key employees; our ability to maintain and enhance awareness of our
brand; our ability to offer high quality customer support; our
ability to effectively develop and expand our marketing and sales
capabilities; our ability to maintain the sales prices of our
offerings and the effects of pricing fluctuations; the
sustainability of, and fluctuations in, our gross margin; risks
related to our international operations and our ability to expand
our international business operations; the effects of currency
exchange rate fluctuations on our results of operations; challenges
and risks related to our sales to government entities; our ability
to consummate acquisitions at our historical rate and at acceptable
prices, to enter into other strategic transactions and
relationships, and to manage the risks related to these
transactions and arrangements; our ability to protect our
proprietary technology, or to obtain, maintain, protect and enforce
sufficiently broad intellectual property rights therein; our
ability to maintain the security and availability of our platform,
products and solutions; our ability to comply with current and
future legislation and governmental regulations to which we are
subject or may become subject in the future; changes in applicable
tax law, the stability of effective tax rates and adverse outcomes
resulting from examination of our income or other tax returns;
risks related to political, economic and security conditions in
Israel; the effects of unfavorable conditions in our industry or
the global economy or reductions in information technology
spending; factors that may affect the future trading prices of our
ordinary shares; and other risk factors set forth in the section
titled “Risk Factors” in our Annual Report on form 20-F filed with
the Securities and Exchange Commission on March 14, 2023, and other
documents filed with or furnished to the SEC. These statements
reflect management’s current expectations regarding future events
and operating performance and speak only as of the date of this
press release. You should not put undue reliance on any
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that future results, levels of
activity, performance and events and circumstances reflected in the
forward-looking statements will be achieved or will occur. Except
as required by applicable law, we undertake no obligation to update
or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise, after the
date on which the statements are made or to reflect the occurrence
of unanticipated events.
Media Contact:Christina
Knittelpress@walkme.com
Investor Contact:John
Streppainvestors@walkme.com
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