News24.com – Palantier Technologies, a global software company, made a fortune after its $3.3 billion acquisition of the data analytics firm Palantar Corp., according to data compiled by Bloomberg.
The deal, which closed Wednesday, is valued at $9.7 billion, according to a Bloomberg report.
Palantor, based in San Francisco, was acquired by Amazon in 2015 for about $3 billion.
The company, which made the acquisition, is the world’s third-largest software company with $5.3 trillion in revenue. “
We look forward to continuing our strategic investment in the Palantiris technology platform and technology ecosystem, which is key to the company’s long-term growth.”
The company, which made the acquisition, is the world’s third-largest software company with $5.3 trillion in revenue.
The acquisition was announced after Palantira announced a $6 billion purchase of DataCollective Technologies Inc. in a deal valued at about $6.2 billion.
The company’s acquisition of Palantiri is valued by Bloomberg at $632 million.
The purchase will help Palantiers revenue grow to $20.4 billion by 2019 from $12.8 billion in 2017.
“As a technology company, we are proud of the team we have built to deliver cutting-edge solutions to help improve the lives of millions of people,” said Mark Schuster, CEO of Palants company.
“Our team is driven to innovate, drive cost-efficient solutions, and support the advancement of data science in every corner of the globe.”