Software renewal startup Vertice emerges from stealth with £21m raise
Vertice, a startup that manages businesses’ software renewals, has emerged from stealth following a $26m (£20.8m) Series A round led by 83North and Bessemer Venture Partners.
By UKTN
May 18, 2022
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Cloud costs increase amid SaaS pricing hikesVertice, which provides a cloud and SaaS cost optimization platform, pegged the 2023 SaaS inflation rate at 8.7%. The company's annual SaaS Inflation Index, published this week, noted that nearly three-quarters of software vendors raised prices over the past 12 months.
Vertice wins big in TechRound’s SaaS66 AwardsVertice is proud to feature in TechRound's shortlist of the UK and Europe's most innovative SaaS companies and initiatives.
Vertice recognized as procurement champion in the ProcureTech100Vertice has been named one of the definitive 100 pioneering digital procurement solutions in the ProcureTech100.
‘Stubbornly high’ SaaS prices outpace CPI inflationSoftware-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice.
