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Palantir Stock Gains after Partnering with AlixPartners

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By Sam Boughedda

Investing.com — Palantir Technologies Inc (NYSE:PLTR) revealed Thursday that it has entered into a strategic partnership with AlixPartners, bumping its shares up 1%.

Palantir, which specializes in data analytics, said the partnership will use AlixPartner's consulting services with its Foundry software to help companies address "some of the most complex and critical challenges facing the modern enterprise. " The companies will initially focus on the aerospace, telecom, retail, and media industries, to help them navigate customer behavioral shifts, supply chain disruptions, and delivery patterns.

"Palantir’s platform is best in class and together we have created a strategic opportunity to help our clients accelerate talk and analysis into action,” commented AlixPartners CEO Simon Freakley.

“Realizing the value of digital transformation requires a new operating system across the entirety of an institution. AlixPartners’ unique ability to drive strategic transformation for our shared client base has allowed our customers to fully realize the potential of Palantir’s operational AI platform, Foundry.” says Palantir COO Shyam Sankar.

Palantir shares touched a high of $26.52 shortly after the open.

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