Palantir Technologies: Soldiering Forward
July 16, 2019
On the positive side, Palantir Technologies landed a $144 million blanket purchase agreement from the US Navy. Presumably, Palantir will provide its government-centric investigation and intelligence analysis system and engineering services. According to GovConWire:
The fixed-price BPA [blanket purchase agreement] has a one-year base term valued at $27.6M and four option years that could run through July 11, 2024.
IBM, Oracle, and other traditional intelware vendors are unlikely to be thrilled with the award.
On the negative side, Liberation, an online information service, reported that protests were held in Palo Alto. The group wants Palantir to be shut down. This is a dramatic statement, and it is not going to stop Palantir from licensing its technology to government agencies.
So, good news and bad news for Palantir. DarkCyber believes the company will focus on staying open and closing deals. Competitive systems are proliferating, and some of the newer systems are easier to use and eliminate some of the fussiness associated with the ageing Gotham system.
Stephen E Arnold, July 16, 2019
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