By Sam Boughedda
Investing.com -- Palantir Technologies Inc (NYSE:PLTR) announced a partnership with Carahsoft Technology Corp, the Government IT Solutions Provider.
Palantir shares are trading 1.7% higher in the early part of the session.
Through Palantir's new channel partner program, Carahsoft will be its US Federal Distributor, providing Palantir's data operations software to the US Federal Government through Carahsoft’s reseller partners.
Palantir said the partnership is "one of the latest steps in Palantir’s important investments in its sales organization and channel program, and will help broaden its already significant reach within the US Federal sector."
Lauren Penneys, Head of Sales, US Government at Palantir, stated: "We are thrilled to partner with Carahsoft, as we invest in growth and establish new routes to market that will increase access to Palantir's best-in-class software."
In addition, the partnership will make Palantir's solutions available to a broader scope of agencies and departments across the U.S. Government.