Vertice, a leading AI procurement platform, has made a significant move in the enterprise software space. The company announced its acquisition of Vendr, the US-based software pricing authority. This deal is set to reshape procurement intelligence and autonomous AI negotiation for businesses worldwide.
Vertice Acquires Vendr to Expand AI Procurement Capabilities
By acquiring Vendr, Vertice aims to accelerate innovation in the procurement sector. Both companies share a vision to transform how enterprises manage their purchasing decisions using AI-powered insights. With this union, Vertice hopes to deliver faster, smarter, and more efficient procurement processes. Customers of major brands, such as ARM, Brex, Duolingo, Twilio, and Santander, stand to benefit from real-time data surfaced directly within the Vertice platform.
Combining Data for the Largest Procurement Intelligence Set
The integration of Vendr’s data with Vertice’s existing database creates the world’s largest procurement intelligence dataset. Together, they will offer insights derived from over $75 billion in global indirect spend and more than 250,000 negotiated contracts with 32,000 vendors. This expansive dataset delivers deep insight into vendor pricing, commercial terms, sales tactics, and risk. It also enables procurement and finance teams to make better-informed decisions and drive greater cost savings.
- 2M+ software price points
- Coverage across 32,000 global vendors
- Data from human-to-human negotiations
How Vertice’s AI Agents Are Transforming Negotiations
A key highlight of Vertice’s offering is Ana, its autonomous negotiation agent. Ana has been trained on hundreds of thousands of real-world negotiations, enabling buyers to set priorities while the agent negotiates directly with vendors to optimize outcomes. Moreover, Vertice and Vendr now operate more than 60 procurement AI agents, helping more than 1,000 customers worldwide. These AI agents drive improvement in key workflows, including pricing optimization, workflow efficiency, and third-party risk assessment.
With the addition of Vendr, Vertice cements its position as a global leader in AI procurement platforms. The company’s expanded dataset, robust AI agent suite, and commitment to market intelligence are setting a new benchmark for enterprises seeking data-driven purchasing solutions. As procurement continues to evolve, Vertice is poised to deliver the speed, accuracy, and cost-savings modern businesses demand.
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