Vertice acquires Vendr

Vertice acquires Vendr: The future of AI Procurement

When we founded Vertice, we had a clear thesis: procurement could work far better than it does today. To achieve that, we knew we needed something foundational: deep purchasing insights and real pricing intelligence.

From day one, our goal was to build the richest dataset in the market on how software contracts are priced, negotiated, and purchased by real-world procurement teams.

Today, I believe we’ve done exactly that.

We approached procurement from first principles. Not by polishing the edges of existing workflows, but by rethinking how modern procurement should operate. That approach is paying off.

Vertice is enjoying an incredible year of growth, surpassing key milestones and targets across the whole business. As demand for our platform continues to grow, we have significantly expanded our global team, welcoming highly experienced procurement specialists in every region.

We have also made major advancements to our procurement platform, including the launch of automated RFP capabilities, a comprehensive supplier relationship management system, and new AI agents to automate negotiations and strengthen compliance oversight.

These innovations and continued customer adoption, have led to a significant increase in our market presence. Acquiring Vendr - combining their technology, data and their entire team with our own - will help us accelerate even faster.

This is a significant milestone for our company, our customers, and our teams, and we believe it represents an important step forward for AI procurement.

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Why this matters

Procurement teams have historically negotiated at a disadvantage. When buying software, vendors already know what they’ve charged comparable companies, the discounts they’ve offered, and where they’re willing to concede. 

Vendr was founded to change that imbalance for procurement teams. Ryan Neu built the most comprehensive software pricing datasets in the market and Vendr established a track record of delivering meaningful savings for enterprise customers.

At Vertice, we’ve been solving the same problem from a different angle: building an AI procurement platform that combines agentic intake and workflows, expert buying talent, and proprietary intelligence across billions in global indirect spend.

We are now bringing these capabilities into a single platform.

The world's largest procurement intelligence dataset

By combining the intelligence platforms of Vertice and Vendr, we’ve created the world’s largest procurement intelligence dataset:

• More than $75 billion in global indirect spend
• Over 2 million pricing data points
• 250,000+ negotiated contracts
• Real-world purchasing insights across 32,000+ vendors

Together, our software pricing and vendor intelligence now exceeds that of our nearest competitor by an order of magnitude. But this isn’t important because of the headline numbers alone. It matters because of what the intelligence unlocks.

With deeper market visibility, richer benchmarking data, and more negotiation context than ever before, procurement teams can make faster decisions, negotiate from a position of strength, and deliver significantly better outcomes across every stage of the purchasing process.

What this means for Ana, our agents, our experts - and outcomes

Our autonomous negotiation agent, Ana, is already trained on hundreds of thousands of real-world procurement negotiations. Buyers can define their priorities, thresholds, and guardrails, and Ana negotiates directly with vendors on their behalf.

With the addition of Vendr’s dataset, Ana becomes dramatically more capable: with broader market context, deeper vendor intelligence, and a far richer understanding of how specific suppliers price, negotiate, and structure deals.

The same applies to the 60+ AI agents already operating across the Vertice platform, spanning benchmarking, vendor consolidation, third-party risk, renewal management, and procurement orchestration workflows.

In short, this acquisition makes our agents smarter.

Vertice’s global procurement experts that deliver managed negotiations, RFPs, vendor consolidation, and budget planning will now expand further with Vendr’s highly experienced US-based negotiators joining the team.

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Most importantly, the combination of this data and our procurement team creates a continuously compounding intelligence flywheel.

Every negotiation our experts conduct feeds new data back into the platform. Every vendor interaction improves our agents. Every workflow creates another opportunity to learn, benchmark, and optimize.

For Vertice customers, the impact will be immediate. More data, more resource and even better outcomes.

For Vendr customers, it’s business as usual, although with significantly expanded capabilities. You’ll gain access to Vertice’s award-winning Intake-to-Procure platform, including intelligent intake, workflow automation, third-party risk management, contract intelligence, and a modern orchestration layer.

What’s next?

Enterprise procurement is approaching a major inflection point.

Vendors are becoming increasingly sophisticated in how they price and sell, while finance and procurement leaders are being asked to deliver greater control, visibility, and measurable ROI, often with leaner teams and fewer resources.

The opportunity ahead is to build the platform that truly scales procurement: increasing both capacity and outcomes by combining AI agents that handle volume, experts who manage strategic complexity, and intelligence that powers every decision.

In short, this acquisition positions us to lead the future of procurement.