SOURCE: Thomson Reuters Corporation

Thomson Reuters Corporation

April 12, 2010 09:00 ET

Thomson Reuters and Palantir Technologies Enter Exclusive Agreement to Create Next-Generation Analytics Platform for Financial Clients

NEW YORK, NY and PALO ALTO, CA--(Marketwire - April 12, 2010) -  Thomson Reuters and Palantir Technologies today announced an exclusive agreement to create a next-generation financial analysis platform, QA Studio. QA Studio is an innovative new addition to Thomson Reuters suite of quantitative driven products and extends Palantir's sophisticated intelligence software into the financial markets.

"Thomson Reuters is thrilled to be working with Palantir. The combination of Thomson Reuters must-have content and Palantir's ground-breaking software will transform the global financial analysis market," said Albert Lojko, Global Head Core Platform and Quantitative Analytics for Thomson Reuters. "Our alliance with Palantir allows us to meet the growing demands of our buy side clients for more sophisticated yet accessible research techniques to support their increasingly quantitative and data intensive strategies."

QA Studio enables analysts to explore data, construct model portfolios, easily identify hidden patterns within data, test alpha strategies and collaborate with other users. The user interface is extremely intuitive and based on a collection of modular applications and documents that can be shared. Plus, users who are comfortable writing code can create custom metrics and strategies in a java-based language. QA Studio is based on similar platforms broadly deployed by Palantir Technologies in the intelligence, defense and law enforcement communities. 

"Both Thomson Reuters and Palantir are committed to bringing innovative technologies to our customers," said Palantir co-founder and chief executive officer, Dr. Alexander Karp. "We are delighted to partner with Thomson Reuters to provide a revolutionary solution that will fundamentally change the way financial analysis is created and shared."

About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

About Palantir
Palantir is the world's leading company for data integration and analysis software. The company's two platforms, Palantir Finance and Palantir Government, encompass the entire analysis stack, including data integration, search and discovery, knowledge management, collaboration and civil liberties protections. The platforms natively support many types of data including structured, unstructured, relational, temporal, and geospatial. Palantir is the intelligence infrastructure that large enterprises use for real-time analysis, with a focus on security, scalability, ease of use, and collaboration.
Palantir is a privately held company and is headquartered in Palo Alto, Calif. For more information visit www.palantir.com

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