The agreed statement said it would work with the Met and re-run a competitive procurement process for the unified operational analytics (UOA) solution, which Palantir is “free and welcome” to participate in.
The procurement process will now be run with “all due expediency”, it added.
“The Mayor remains clear that London’s public services must be able to use modern technology to keep Londoners safe and improve outcomes, while ensuring all procurements are lawful, fair, transparent and deliver value for money,” the statement concluded.
Mr Watson said: “This case sought an answer to a simple question: Are the rules that protect taxpayers in public procurement still applied fairly to everyone?
“The mayor and his team have recognised their actions could have created the impression that the decision to block the UOA contract was based on Palantir’s values.
“I’m very pleased that they have today corrected any such impression, and that even in the face of extreme provocation from highly organised pressure groups, decisions about deploying technology can still be made on their merits and in the public interest.”