Amazon: data agreement with Poland's DataWalk

(CercleFinance.com) - On Friday DataWalk, a Polish company specializing in the analysis of large volumes of data, announced that it had signed a licensing agreement with Amazon.
com, which will use its analytics platform.

The company, based in Wroclaw in western Poland, reports that the US online retail giant plans to adopt its technology to detect fraud and secure its marketplace.

DataWalk says that this agreement, whose financial terms were not disclosed, confirms its commercial momentum in the US.

The company also highlights the favorable effect of the contract on its market positioning, financial outlook and development trajectory.

Following this announcement, DataWalk shares rose by more than 11% on Friday morning on the Warsaw Stock Exchange.

DataWalk - which sees itself as a European alternative to Palantir - aims to identify anomalies in large-scale data from multiple sources, while offering 'intuitive' and 'user-friendly' visual interfaces.


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