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Palantir and Posit Partner to Integrate RStudio into Palantir Foundry

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Palantir Technologies (NYSE: PLTR) has announced a partnership with Posit, integrating RStudio Pro into Palantir Foundry. This integration allows users to utilize their Posit Workbench licenses within Foundry, offering a fully-managed RStudio Pro environment. Benefits include enhanced analytics capabilities and secure data management for sectors like healthcare and life sciences. General availability is projected for later this year. Both companies express excitement about the collaboration, emphasizing improved user experiences and operational efficiencies.

Positive
  • Integration of RStudio Pro enhances analytics capabilities within Foundry.
  • Collaboration with Posit aims to improve user experience and operational efficiency.
  • Expected benefits for customers in healthcare and life sciences.
Negative
  • Forward-looking statements indicate risks and uncertainties in meeting customer needs.
  • Potential software performance issues and reliance on partnership success.

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Analyzing...

DENVER and BOSTON, Jan. 11, 2023 /PRNewswire/ -- Palantir Technologies Inc. ("Palantir") (NYSE: PLTR), a leading builder of operating systems for the modern enterprise, and Posit, the open-source data science company, today announced a new technology partnership to integrate the enterprise version of the widely utilized RStudio Pro into Palantir Foundry. Through this partnership, customers of Palantir and Posit (formerly RStudio) will have the ability to bring their Posit Workbench licenses into Foundry where they can leverage a fully-managed RStudio Pro environment that sits alongside the full application suite in Foundry.

Customers accustomed to the advanced analytics environments that RStudio Pro has to offer will now have the ease, flexibility, and immediate value of a direct integration with Foundry while reaping the benefits of a fully integrated platform. Aligning with Posit's goal to make data science more open, intuitive, accessible, and collaborative, this new capability closely integrates with Foundry's data, governance, and security primitives such that customers maintain a secure environment for working with data and models. We believe the benefits of this new integration will span across multiple use cases, particularly amongst data scientists in the healthcare and life sciences industries.

"We are thrilled to be working with Palantir to offer our users yet another way to utilize the powerful enterprise data science platform that Posit has to offer, paired with Foundry's ability to effectively bring together data, decisions, and operations," said Tareef Kawaf, President of Posit, PBC. "This new integration allows a wide range of individuals, teams, and enterprises to leverage RStudio on Foundry and we look forward to a long-standing partnership with Palantir."

"This partnership with Posit and integration with RStudio Pro reflects Palantir's commitment to providing seamless experiences for analytical users, ensuring that they can leverage the Foundry platform while using the integrated development environment they are most familiar with," said Palantir Chief Architect, Akshay Krishnaswamy. "RStudio is among the most trusted and widely accessed development environments for data science on the market, and we couldn't be more excited to launch this integration."

General availability of the RStudio integration in Foundry is set for later this year. Learn more about the integrations we offer for Palantir Foundry.

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 terms of the partnership 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 customers; the failure of our platforms to satisfy our customers or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and the ability to modify or terminate the partnership. 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.

Media Contact:
Lisa Gordon
media@palantir.com

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SOURCE PALANTIR TECHNOLOGIES INC.

FAQ

What is the partnership between Palantir and Posit about?

Palantir and Posit have partnered to integrate RStudio Pro into Palantir Foundry, enhancing data analytics capabilities.

When will the RStudio integration be available in Foundry?

The general availability of the RStudio integration in Foundry is expected later this year.

How does the integration benefit data scientists?

The integration allows data scientists to use RStudio Pro within a secure and managed environment, improving analysis workflows.

What sectors will benefit from this integration?

The integration will particularly benefit data scientists in healthcare and life sciences industries.

What risks are associated with the Palantir and Posit partnership?

Risks include uncertainties in meeting customer needs and potential software performance issues as noted in forward-looking statements.
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