Vertice Acquires Vendr to Integrate AI in Global Procurement
UK-based Vertice has acquired US platform Vendr to expand its AI-driven procurement intelligence capabilities. The deal combines extensive datasets from both companies to deliver advanced insights and automation for global finance and procurement teams. Customers will benefit from integrated data and decision support at crucial purchasing stages.
UK artificial intelligence (AI) procurement company Vertice announced the acquisition of Vendr, a United States-based software pricing platform, in a move to bolster its AI-powered procurement intelligence services. The integration will combine the strengths of both companies' datasets and technology, aiming to support finance and procurement teams worldwide with enhanced insight and negotiation tools.
Vertice specializes in AI-assisted procurement solutions, offering agentic workflows—automated processes guided by AI 'agents'—and data-driven insights to help organizations review, analyse, and negotiate purchases more effectively. Currently, Vertice services finance and procurement professionals across more than 100 countries and processes over $75 billion in annual spend. Its platform is credited with delivering savings exceeding 20% and speeding up procurement cycles significantly.
Vendr brings complementary expertise to the partnership, providing benchmarking data, market insights, and support throughout software purchasing negotiations. Its tools help buyers make more informed decisions by narrowing the information gap that often exists between vendors and procurement teams. The acquisition will merge Vendr’s extensive software insights and contract data with Vertice’s analytics, resulting in one of the world's largest procurement intelligence datasets.
Together, the platforms will represent more than $75 billion in indirect global spend, covering over 32,000 vendors. The combined data includes real-world pricing and negotiation results collated from 250,000 negotiated contracts, which span both software and service vendors. This integration is expected to offer Vertice customers—including companies like ARM, Brex, Duolingo, Twilio, and Santander—direct access to aggregated insights within the Vertice platform, allowing for more precise vendor evaluations, renewal management, and negotiation planning.
Roy Tuvey, Founder and CEO of Vertice, emphasized the shared vision for AI in procurement: “Vertice and Vendr have shared a vision for AI in procurement: to build purpose-designed AI agents trained on real-world data and tailored to specific procurement use cases. By bringing these teams together, we can accelerate everything—from the breadth of agents we can build, to the commercial impact we deliver for customers. We are setting a new benchmark for what procurement teams should expect from AI procurement platforms.”
Ryan Neu, CEO of Vendr, reflected on the company's achievements and the significance of the acquisition, noting that Vendr was established to provide buyers with the same level of information as vendors, and expressing optimism about the further advances possible through the union with Vertice.
With this acquisition, Vertice aims to set a new standard for AI-driven procurement, bringing greater transparency, efficiency, and intelligence to purchasing decisions in an increasingly data-rich environment.
Reference: tech.eu
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