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.