Palantir Selected for $90 million, 5-year HHS Contract Vehicle
May 04 2022 - 6:59AM
Business Wire
Palantir Technologies Inc. (NYSE:PLTR), a leading builder of
operating systems in use across the U.S. government, today
announced it had been selected by the Department of Health and
Human Services (HHS) for its 5-year “Solutioning with Holistic
Analytics Restructured for the Enterprise (SHARE)” Blanket Purchase
Agreement (BPA).
This $90 million BPA will allow HHS officials across the
department’s many agencies and missions to select the Palantir
platform to support their work. Palantir’s built-in data protection
features, innovative technology, and common security framework were
deemed well positioned to address critical technology needs across
HHS.
HHS established the SHARE BPA to provide the best value to the
department and its partnering agencies through a pool of
prequalified contractors to, among other things, improve the
delivery success and quality of data driven insights and outcomes.
This contracting vehicle marks the expansion of Palantir’s scope of
work at HHS and is separate and distinct from Palantir’s work with
HHS and its agencies on COVID-19-related health missions.
Palantir’s first task order obtained under the contract
vehicle’s framework is a 10.5-month, multi-million dollar contract
to support HHS’s core administrative data and applications through
a vertically integrated platform that allows teams to configure low
to no code applications to manage, ingest, and access data
securely, across business domains.
“We are grateful for our continued partnership with HHS and the
confidence in our software it is showing by selecting Palantir for
a long-term, wide-ranging BPA,” said Akash Jain, president of
Palantir USG. “We are proud to provide the software backbone to
some of the country’s most critical public health missions.”
Palantir Foundry enables data-driven decision-making by
integrating data from siloed data sources and enabling granular
access to data across various organizations. It is already used by
the National Institutes of Health, the Centers for Disease Control
and Prevention and the Food and Drug Administration, and was also
used by several military branches to mitigate the impact of the
COVID-19 pandemic.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220504005450/en/
Media Contact Lisa Gordon media@palantir.com
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