MONTREAL and DENVER, Dec. 9, 2022 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR, "Palantir"), a leading builder of operating systems for the modern enterprise, announced today a strategic partnership with leading integrated risk management firm Crisis24, a GardaWorld company, to transform security and risk management with the power of AI.
This multi-million dollar long-term strategic partnership will help to reshape security and risk management by leveraging critical information to provide clients with innovative solutions, data-driven insights for results-oriented decision-making that meet their everyday challenges. In a dynamic and interconnected world, effective risk mitigation relies on being able to bring together and comprehend data about global events. Leveraging Crisis24's unparalleled expertise and depth of knowledge in crisis management and intelligence, Palantir's Foundry operating system will enable users to identify critical trends and provide comprehensive analysis of emerging risks around the world as well as develop new offerings for the public and private sectors.
By providing the ability to manage the full scale and complexity of their data, Palantir's Foundry software will help Crisis24 to deliver enhanced analytics and insights on topics such as crime, terrorism, health, transportation, and geopolitics. AI-driven insights combined with human intelligence will identify risk trends as they arise and allow Crisis24 to deliver even more actionable, tailored information to its clients. With an improved ability to understand the threat landscape and deliver advanced analysis with Foundry, Crisis24 will be able to improve resilience for the world's most influential people, disruptive brands and prominent organizations.
"Every organization must be able to understand, anticipate and react effectively to risks as they evolve," said Alex Karp, co-founder and chief executive officer of Palantir Technologies. "This requires leveraging the massive amount of relevant data out there and distilling it down to usable insights. We are proud to partner with industry leader Crisis24, and parent company GardaWorld, on this challenge."
"This strategic partnership is a paradigm shift in the delivery of security risk intelligence. It will allow Crisis24 to conquer new frontiers as the most powerful and advanced source of risk intelligence and analytics in the world. We are privileged to partner with Palantir, a world-renowned software and AI powerhouse, as a strategic growth ally to maximize Crisis24's full-service integrated risk solutions," said Stephan Crétier, Founder, President, and CEO of GardaWorld and Crisis24. "More importantly, we are bringing together two entrepreneurial companies who are leading in their fields to uniquely leverage the power of man and machine."
About Crisis24
Crisis24, a GardaWorld company, is widely regarded as the leading integrated risk management, crisis response, consulting and global protective solutions firm, serving the world's most influential people, disruptive brands and prominent organizations. Championed by our advanced Global Operation Centers and our skilled team of intelligence analysts, we offer highly specialized services, 24/7 security and consulting, with the technology and Artificial Intelligence to power it all across the globe. For more information, visit Crisis24 | Actionable Risk Management (garda.com).
About GardaWorld
GardaWorld is a global champion in security services, integrated risk management and cash solutions, employing more than 120,000 highly skilled and dedicated professionals. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld offers sophisticated and tailored security and technology solutions through high-touch partnerships and consistently superior service delivery. With a deep understanding that security is critical to conducting business and keeping communities safe, GardaWorld is committed to impeccable governance, professional care and the well-being of everyone. Thanks to a well-earned reputation, GardaWorld is proud to be the long-standing security partner of choice to some of the most prominent brands, Fortune 500 corporations and governments. For more information, visit GardaWorld | Security Services.
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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 terms of the partnership and the expected benefits of its 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 Palantir's control. These risks and uncertainties include Palantir's ability to meet the unique needs of its customers; the failure of its platforms to satisfy its customers or perform as desired; the frequency or severity of any software and implementation errors; its platforms' reliability; and its customers' ability to modify or terminate their contracts. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
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Louis-Antoine Paquin
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SOURCE PALANTIR TECHNOLOGIES INC.
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