Palantir and Ringier Extend Digital Transformation Partnership
April 20 2021 - 4:00AM
Business Wire
Palantir Technologies Inc. (NYSE:PLTR) and Ringier AG today
announced they have renewed their strategic partnership to provide
Ringier with software to further its digital transformation and
accelerate its shift to a digital-first global media company.
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the full release here:
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Ringier uses Palantir’s Foundry software to harness the power of
data in order to better serve and inform readers. By expanding
reach and enhancing the relationship to its audience, Ringier is
able in turn to increase the revenue needed to fund quality
journalism. In addition to being used in newsrooms, Ringier also
uses Foundry to improve performance in the advertising departments
across its media brands.
Foundry transforms the way organizations operate by creating a
central operating system for their data. It allows for the
integration of siloed data sources into a common operating picture,
leading to better data-driven decision making across the
enterprise.
Ringier embarked on an ambitious digital transformation plan
more than a decade ago, embracing the shift from a legacy newspaper
business into a diversified, digital-first, global media company
through significant investments in technology and skills.
“Ringier provides premium journalism. Yet, the European digital
publishing space is changing. We wanted to be able to arm our
journalists with the best possible data, so they could better serve
and inform our readers. Palantir’s world-leading integration
technology enabled us to create a secure, comprehensive data
foundation that enables experienced journalists to make more
informed decisions about what content best serves their local
communities,” said Marc Walder, chief executive officer of Ringier
AG.
In the case of Blick.ch, one of Switzerland’s top digital
properties, up to 85% of the newsroom’s team looks at Foundry every
day to analyze readership and performance, and set goals associated
with these analytics.
Foundry’s easy-to-use interface allows people of all technical
ability to interact with data, while its granular access controls
ensure only the right people have access to the right data at the
right time.
“Ringier is one of Switzerland’s most innovative and iconic
companies, and we could not be more proud to be expanding our
partnership,” said Alexander Karp, co-founder and chief executive
officer of Palantir. “We have learned an immense amount from
Ringier, whose history stretches back nearly two centuries, and are
privileged to work with such a pathbreaker in its field.”
Palantir is proud to have a strong presence across Europe and in
Switzerland, working with global leaders such as Merck KGaA and
Airbus. It has an office in Zurich and plans to continue its
expansion in Switzerland.
About Ringier
Ringier AG is an innovative, digitalised and diversified Swiss
media company operating in Europe, Asia and Africa. Its portfolio
includes around 125 subsidiaries in the print, digital media,
radio, ticketing, entertainment and e-commerce sectors and leading
online marketplaces for cars, property and jobs. As a venture
capital provider, Ringier supports innovative digital start-ups.
Ringier, a family company founded in 1833 as a publishing house and
printing plant, has invested consistently in digitalisation and
global expansion in recent years. Today, over 72 per cent of its
operating profit already comes from digital, where Ringier is a
leader among European media companies. Ringier’s core values are
independence, freedom of expression and a pioneering spirit.
Additional information is available at www.ringier.ch.
About Palantir Technologies
Palantir Technologies is a software company that builds
enterprise data platforms for use by organizations with complex and
sensitive data environments. From building safer cars and planes,
to discovering new drugs and combating terrorism, Palantir helps
customers across the public, private, and nonprofit sectors
transform the way they use their data. 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 expected benefits of the
contract, the expected benefits of our software platforms, and
demand and momentum in Switzerland and elsewhere relating to 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/20210420005521/en/
Lisa Gordon media@palantir.com
Johanna Walser media@ringier.ch
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