#USA #New York #procurement #Vendr #Vertice

Vertice's Strategic Move: The Acquisition of Vendr

In a notable expansion within the procurement technology space, Vertice, an AI-driven procurement platform, has announced the acquisition of Vendr, a leader in software pricing intelligence. This strategic acquisition not only bolsters Vertice’s offerings but also positions it as a leader in autonomous AI negotiation, with the goal of creating the world's most extensive procurement intelligence dataset.

A Extensive Dataset Collection

The integration of Vendr’s software insights means that Vertice can now access, analyze, and utilize over $75 billion in global indirect spend data that spans across 32,000 vendors. This combination harnesses insights derived from 250,000 negotiated contracts, making it an unprecedented resource for businesses looking to make informed purchasing decisions. By using this dataset, finance and procurement teams can improve their vendor evaluations, manage renewals more effectively, and strategize negotiations with newfound confidence and precision.

Roy Tuvey, the Founder and CEO of Vertice, emphasized that the union of the two companies is not just about combining resources. He mentioned, “By bringing these teams together, we can enhance the breadth of AI agents we can develop and heighten the commercial impact for our customers.” The depth of the newly formed dataset is expected to help customers achieve stronger procurement outcomes consistently, providing insights into vendor pricing, commercial terms, and risk mitigation strategies.

Meet Ana: Your AI Negotiation Agent

A pivotal element of this acquisition is Ana, Vertice’s autonomous negotiation agent. Trained with extensive procurement-specific data, Ana is designed to minimize manual negotiation efforts for procurement buyers. Customers can now allow Ana to engage with vendors directly, ensuring optimal outcomes, including cost savings and improved payment terms.

“By utilizing Ana, our buyers can scale their negotiation capabilities while minimizing effort,” explained Tuvey. “This aligns with our mission to provide end-to-end procurement solutions that are not only intelligent but also incredibly efficient.”

With features designed to support various key procurement workflows—such as intelligent intake, pricing optimization, and third-party risk assessment—these AI agents serve as invaluable tools for over 1,000 customers globally. This intuitively embedded intelligence is what sets Vertice apart.

Immediate Benefits for Customers

Customers can expect immediate enhancements in their procurement experience. For Vendr’s existing clientele, this transition means a seamless incorporation of Vertice's acclaimed Intake-to-Procure platform. Ryan Neu, CEO of Vendr, noted the practicality of having such profound intelligence embedded directly in their procurement platform. He mentioned, “We’ve always focused on leveling the playing field for buyers and with this acquisition, our intelligence is now richer than ever before.”

Both companies are lauded for their performance in the procurement sector, with Vertice gaining recognition as the leader in Procurement Orchestration in G2's Summer 2026 Grid Report and acknowledged by Forrester as a notable vendor in its Landscape Report on Supplier Value Management.

The Future of Procurement

With the market evolving rapidly, Vertice's commitment to moving procurement beyond traditional methods toward a proactive and data-driven approach is crucial. The intelligent procurement platform aims to transform every purchase decision into an orchestrated action grounded in robust market intelligence—the very essence of modern enterprise procurement.

Founded by brothers Roy and Eldar Tuvey, who have accumulated two decades of experience in building and running enterprise SaaS companies, Vertice’s strategic maneuver is indicative of their vision to enhance procurement processes for businesses. As demand for more effective, intelligence-driven procurement solutions grows, this acquisition signifies a critical step toward revolutionizing how enterprises approach purchasing in the digital age.

In conclusion, as Vertice integrates Vendr’s capabilities, stakeholders can anticipate not just heightened effectiveness in negotiations but a transformative approach to procurement that leverages data and AI to pave the way for future efficiencies.

About Vertice

Vertice is an innovative platform that combines artificial intelligence with informed purchasing strategies, enabling businesses worldwide to achieve procurement success. With the backing of solid market intelligence and predictive analytics, enterprises can anticipate savings of over 20% while doubling their procurement cycle efficiency.

About Vendr

Vendr stands at the forefront of software pricing intelligence, offering procurement teams essential market insights and benchmarks to improve negotiation processes. With a focus on empowering buyers with data, Vendr continues to shape the future of procurement in the software domain.