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Vertice named a top SaaS company in the UK

Their experience, pricing data, and intimate knowledge of the mechanics of SaaS renewals enable Vertice to streamline entire SaaS procurement processes and provide visibility to make informed business decisions.
By TechRound
Sep 19, 2022
undefined min read
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The hidden cost of software
Senior finance & tech leaders stuck in contract management merry-go-round
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Vertice raises $25M for AI-based tools to help companies tackle software spend
Investment led by 83North and Bessemer Venture Partners follows 7x ARR growth in 2023.
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Software inflation surpasses UK consumer inflation in 2023
Software inflation in 2023 has outpaced UK consumer inflation for the first time, hitting a high of 8.7%. This data was reported by Vertice, the SaaS and cloud spend optimization platform, and significantly exceeds the UK’s Consumer Price Index (CPI) inflation, which is at 6.7%.
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Cloud costs increase amid SaaS pricing hikes
Vertice, 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.