Palantir Technologies, a tech software company specialized in data analytics, just scored the deal of a lifetime with tech giant International Business Machines Corp. (IBM), giving it access to a sales team of over 2,500. They currently have a sales staff of 30, so it’s safe to call this an upgrade.
Palantir (PLTR), which listed on the New York Stock Exchange in September, saw its shares jump by 10% in the wake of the news.
This is a win for IBM too, though, as the partnership will give it the opportunity to make its artificial intelligence software more customer-friendly, since Palantir’s software requires little to no coding (allowing for less technical employees to use it). Its shares were trading about 1.2% higher on Monday.