DENVER–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE: PLTR) announced today that the Department of Homeland Security renewed its contract to support Homeland Security Investigations (HSI) with Investigative Case Management (ICM) software. The contract is worth $95.9M over a five-year period.
Since 2011, Palantir has partnered with HSI to advance its mission of investigating and preventing transnational crime and high-level threats that exploit international trade, travel, and financial infrastructure. HSI’s core mission includes combating human trafficking and child exploitation, dismantling international drug trafficking organizations, disrupting cyber criminals, preventing identify and benefit fraud, and the investigation of international war crimes.
Investigative Case Management (ICM) is HSI’s System of Record across all HSI investigative cases and is used by HSI Special Agents, Criminal Analysts, and support personnel located in 225 cities across the nation and in embassies around the globe. In accordance with HSI’s enforcement authorities, ICM users document investigative activities leading up to the prosecution of criminal parties. HSI selected Palantir’s software for speed of delivery as well as the platform’s leading edge access controls and data protections to enforce critical security and privacy standards.
For example, the HSI team has used ICM to support the enforcement of sanctions on Russian oligarchs, the arrest of foreign mercenaries for the assassination of the former President of Haiti, and the arrest of key cartel leaders. Last year, HSI’s impact included 34,974 criminal arrests; seizure of 14,530 pounds of Fentanyl and $822 million worth of counterfeit and illicit goods; and the rescue or identification of 1,177 child exploitation victims.
“Every single day, HSI personnel use Palantir’s software to execute their mission of investigating and disrupting major criminal networks that threaten our national security and undermine our critical infrastructure,” said Akash Jain, President of Palantir USG. “The positive impact of this work is real and Palantir’s software plays a critical role in making it possible. We remain firmly committed to HSI’s mission and the Special Agents and Analysts driving this impact day in and out.”
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir’s expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customer’s ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Lisa Gordon
media@palantir.com
Lisa Gordon
media@palantir.com
Digital Product Lifecycle Accelerator Collins Aerospace
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A provider of document management software and systems has been acquired by listed business Grafenia in a deal worth up to £2.5m.
Watermark Technologies was founded in 2003 by Tim Boggie and Stewart Spink, both of whom will remain on a part time consultancy basis for six months. Watermark currently has 11 employees.
The total consideration of up to £2.5m will be satisfied in cash.
An initial £1.5m to be paid on completion, together with deferred consideration of £1m to be paid on the first anniversary of completion.
James Hughes, a corporate development associate within Grafenia’s Software Circle team, has been appointed managing director of Watermark.
Gavin Cockerill, acting chief executive of Grafenia, said: “The acquisition of Watermark is yet another step toward growing our software nucleus. Maximising what Grafenia is good at, selling and supporting software systems that help businesses run better.”
Tim Boggie and Stewart Spink, joint founders of Watermark, added: “We had been planning for retirement and actively seeking a new owner for the business we have built and cherished over 20 years.
“We believe Grafenia is the perfect home to provide continuity of support and maintain long term customer relationships developed over many years. We look forward to seeing Watermark thrive in a larger group.”
Allenby Capital is Grafenia’s nominated adviser and broker.
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May 10, 2022 10:30 ET | Source: Persistence Market Research Persistence Market Research
New York, New York, UNITED STATES
New York, May 10, 2022 (GLOBE NEWSWIRE) — As per a study by Persistence Market Research, from US$ 4.6 Billion in 2022 to US$ 10.4 Billion in 2032, the global Online Project Management Software Market is predicted to grow at an 8.5% CAGR from 2022 to 2032. One of the major key factors such as the rise in remote working is also augmenting the growth of the online project management software market. Since the pandemic outbreak in 2020, remote working has significantly gained traction. Remote working will likely continue for the foreseeable future. This has brought up some interesting challenges for project managers.
According to the Gartner survey of 2020, 74% of companies are planning to shift to remote work post-COVID-19 permanently. Online project management software can be a major benefit in these circumstances. Therefore, it is expected that demand for online project management software will increase during the forecast period. Increasing requirements for large-scale project management is notably driving the online project management software market growth during the forecast period. Another major factor that is fueling the growth of the global online project management software market includes the increasing requirements for large-scale project management.
Moreover, the capability of minimizing project risks and cost has directed small and medium enterprises to adopt the software for optimization of project management. Growing demand for automation of business process management is also expected to fuel the online project management market growth. The customized offering of the industries expected to enhance the demand for project management software in the forthcoming years.
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Key Takeaways from the Market Study
Competitive Landscape
Major players such as ActiveCollab LLC, Apptio Inc., Asana Inc., Atlassian Corp. Plc., Basecamp LLC, Citrix Systems Inc., Clarizen Inc., LiquidPlanner Inc., Mavenlink Inc., Codleo, SAP, Microsoft Corp., Planbox Inc., Premiere Global Services Inc., ProjectManager.com Inc., Redbooth, Smartsheet Inc., TeamGantt, Teamwork Crew Ltd., Workfront Inc., Wrike Inc., Zoho Corp. Pvt. Ltd., among others are expected to dominate the market share in terms of revenue.
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Find More Valuable Insights on Online Project Management Software Market
Persistence Market Research (PMR) published a detailed study on the Online Project Management Software Market, which includes global industry analysis for 2015-2021 and forecasts for 2022-2032. The report provides an insightful analysis of the market concentration across five different regions, through end-user segment. The report titled – ‘Online Project Management Software’ deliberates current installed base, product usage in various applications from domestic to industrial, as well as prevailing trends and technologies. Along with this, detailed value chain analysis pertaining procurement and aftermarket services has been presented in the report.
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