Two Security Companies settle, and agree to stop discussing their dirty laundry– Palantir and I2

Security is a must feature for any data center. but when the competitors fight their dirty laundry aired for all to see can be embarrassing for the companies and their customers. It is ironic that security is a must have feature, but what actually happens is not what gets told to the public to maintain security.  I2 Group and Palantir Tech have settled a lawsuit that was proving embarrassing to all.

VentureBeat has the story.

Palantir’s third black eye: i2 lawsuit settled

February 16, 2011 | Owen Thomas

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The not-quite-all-seeing-eye of the PalantirFor a company named after a magical talisman of vision, Palantir didn’t seem to see what was coming these past few weeks.

The secretive data-analysis startup, based in Palo Alto, Calif. and backed by early Facebook investor Peter Thiel, has suffered a number of blows to its public image of late. The most recent is the settlement of a lawsuit filed by rival i2 Group, based in McLean, Va., over accusations that Palantir employees fraudulently obtained i2 software and used it to design competing products.

Embarrassment #2.

Since Palantir touts itself as the product of fraud-detection technologies pioneered at PayPal, the payments startup Thiel cofounded, those charges present ironies, as i2’s lawyers eagerly pointed out in their initial complaint.

Embarrassment #3.

Separately, Palantir CEO Alex Karp issued a public statement apologizing for his company’s role in preparing a plan for Bank of America to strike back at Wikileaks, the Internet-based nonprofit group famed for obtaining and releasing sensitive documents into the public domain. The company also placed employee Matthew Steckman on leave after hackers released emails showing he was involved in preparing a similar plan for the U.S. Chamber of Commerce to damage ThinkProgress, a pro-labor publication.

The joint press release by I2 Group and Palantir Tech agree to stop airing the dirty laundry in a lawsuit.

Joint Statement

i2 Inc., i2 Limited and Palantir Technologies Inc. announce that they have reached an agreement to resolve the litigation between them pending in the United States District Court for the Eastern District of Virginia to the mutual satisfaction of all the parties. They have also agreed that no further statement about the matter shall be made.

Owen Thomas does a good job of citing the original complaints by I2 Group and Palantir tech in his article.

Even with all this being said, there is more than is not being said as security procedures are followed and don’t tell the full story.