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Vertice acquires Vendr for procurement intelligence

Created at 1 Jun · 5:04 AM3 sources↑ Market-relevant3 events
IN SHORT

Vertice, an AI procurement platform, has acquired US software-pricing leader Vendr. The deal aims to create the world's largest procurement intelligence dataset and advance autonomous AI negotiation capabilities.

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Who's Involved

Vertice
AI procurement platform that acquired Vendr
Vendr
US software pricing leader acquired by Vertice

↳ Why This Matters

This acquisition combines two companies focused on leveraging data and AI within the procurement space. Vertice's AI procurement platform and Vendr's software pricing expertise are expected to create a significant dataset, potentially transforming how enterprises negotiate and manage procurement.

Key facts

  • Vertice has acquired Vendr.
  • The acquisition aims to create the world's largest procurement intelligence dataset.
  • The combined entity will lead in autonomous AI negotiation.
  • Vertice is an AI procurement platform built for the modern enterprise.
  • Vendr is a US software pricing leader.

This acquisition combines two companies focused on leveraging data and AI within the procurement space. Vertice's AI procurement platform and Vendr's software pricing expertise are expected to create a significant dataset, potentially transforming how enterprises negotiate and manage procurement.

Frequently asked questions

Vertice is an AI procurement platform designed for modern enterprises.

Vendr is a US-based company specializing in software pricing.

The acquisition aims to create the world's largest procurement intelligence dataset and lead in autonomous AI negotiation.

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Cadence

How It Developed

1 Jun · 8:00 AM
Vertice has acquired Vendr, creating the largest procurement intelligence dataset and aiming to lead in autonomous AI negotiation.
PRN | All News Releases via PiQSuite
1 Jun · 5:00 AM
Handshake, an AI-powered retail agreement platform, has raised $3.2 million in a funding round led by Triple Point Ventures.
PRN | All News Releases via PiQSuite

Sources

T1
A new era for retail buying; London-based retail technology company Handshake raises $3.2M to scale AI-native platformm.piqsuite.com
T1
Vertice acquires Vendr to create the world's largest procurement intelligence dataset and lead autonomous AI negotiationm.piqsuite.com
T1
Vertice buys Vendr to build what it calls the largest procurement datasetm.piqsuite.com

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