Yes, it is hosted in a data center on the East Coast of the US. The disaster recovery sites are located across the West Coast. The cloud infrastructure is FedRAMP approved to meet the federally mandated infrastructure requirements.
All progressive software vendors are adopting a web-based approach for many beneficial reasons. It is easier and cheaper for IT to support, there’s no need for multi-site distribution of software, and the distribution process becomes cheaper as a whole. There is no client software on your laptops or workstations. Updates are easier to deploy.