Trimble cloud solutions achieve Level 2 Texas security certification By Investing.com – Investing.com UK

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WESTMINSTER, Colo. – Trimble (NASDAQ: TRMB), a technology company specializing in positioning, modeling, connectivity, and data analytics, today announced that two of its cloud software solutions have been awarded the Level 2 Certification from the Texas Risk and Authorization Management Program (TX-RAMP).

This certification signifies that e-Builder Enterprise – Commercial and specific capabilities within AgileAssets, specifically pavement management and maintenance management, meet rigorous data security standards set by the Texas Department of Information Resources (DIR) for cloud technologies used by state agencies.

TX-RAMP Level 2 Certification is granted to cloud technologies that handle confidential data and are considered crucial for managing moderate or high-impact information. The certification process is part of the DIR’s initiative to ensure the security of commercial cloud products and services that process data for Texas state agencies, aiming to mitigate risk in cloud-based environments.

e-Builder Enterprise – Commercial is a project delivery software designed for owners of capital improvement programs, while AgileAssets is an enterprise asset management software for agencies managing complex infrastructure networks. These solutions are now recognized for their compliance with Texas-state cybersecurity standards, which could be critical for public and private organizations looking to secure construction project management software that supports the digital delivery of projects.

With approximately $51 million in federal grants available over the next three years for U.S. state departments of transportation (DOTs) to adopt advanced digital construction management systems (ADCMS), the demand for secure software solutions is expected to rise. Trimble’s e-Builder and AgileAssets are positioned to meet this demand by providing tools that support the entire asset lifecycle, from planning and construction to operation and maintenance.

Shelly Nooner, vice president of Innovation and Platform for Trimble’s Owner and Public Sector, stated that their strategy is aimed at empowering infrastructure owners and managers with digital solutions that not only protect critical data but also enhance productivity, cost-effectiveness, and sustainability by digitizing and streamlining workflows.

The TX-RAMP certification of Trimble’s cloud solutions is expected to bolster the company’s offerings in the infrastructure management market, providing customers with certified secure software options to manage their assets effectively.

This announcement is based on a press release statement from Trimble.

InvestingPro Insights

As Trimble (NASDAQ: TRMB) secures the TX-RAMP Level 2 Certification for its cloud software solutions, the company’s commitment to data security and product innovation is evident. The certification could enhance Trimble’s attractiveness to state agencies and infrastructure managers, potentially boosting its market position. Here’s a closer look at Trimble’s financial health and market performance, offering additional context to its recent achievements:

Trimble boasts a robust market capitalization of $15.56 billion, reflecting its significant presence in the technology sector. The company’s revenue for the last twelve months as of Q4 2023 stood at $3.8 billion, with a growth rate of 3.33%, signaling steady business expansion. Moreover, Trimble’s gross profit margin during the same period was an impressive 64.28%, indicating a strong ability to manage costs and maintain profitability.

An InvestingPro Tip notes that Trimble’s stock has been performing well, with a 22.31% total return over the last three months, suggesting investor confidence in the company’s direction and performance. Additionally, Trimble is trading near its 52-week high, currently at 99.06% of this peak value, which could indicate market optimism about the company’s prospects.

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