Datadog Inc (NASDAQ: DDOG) traded higher on Thursday after the company announced it had received the Federal Risk and Management Program (FedRAMP) Agency Authorization at the level with moderate impact.
FedRAMP is a federal United States government program that provides a standardized security strategy and risk assessment of cloud services and technologies.
“Public sector organizations face a unique challenge when it comes to the cloud, specifically the need to migrate mission-critical applications in a highly secure and compliant manner,” he said. Ilan Rabinovitchsenior vice president of product and community at Datadog.
“Achieving FedRAMP authorization demonstrates our ability to meet the specific needs of government customers in security, compliance and operational measures,” Rabinovitch added.
Datadog operates a monitoring and analytics platform for developers, IT operations teams and business users.
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DDOG Price Action: Datadog traded as low as $ 69.73 and as high as $ 199.67 over the 52-week period.
The stock was up 2.87% to $ 131.72 at the time of publication.
Photo: courtesy of Datadog.
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