Vertice acquired Vendr, creating what is dubbed as the world’s largest procurement intelligence dataset.
The combined data represents more than $75 billion-plus in global indirect spend across 32,000 vendors, including real-world pricing and human-to-human interactions from 250,000 negotiated contracts, ranging from software to services.
“Vertice and Vendr have shared a vision for AI in procurement: to build purpose-designed AI agents trained on real-world data and tailored to specific procurement use cases. By bringing these teams together, we can accelerate everything - from the breadth of agents we can build, to the commercial impact we deliver for customers. We are setting a new benchmark for what procurement teams should expect from AI procurement platforms,” says Roy Tuvey, founder and CEO of Vertice. “Our combined software pricing data and vendor intelligence has 2 million-plus price points and surpasses that of our nearest competitors by an order of magnitude. With deeper insight into vendor pricing, commercial terms, sales tactics and risk, our customers will consistently achieve stronger procurement outcomes.”
Key takeaways:
· Ana is Vertice’s autonomous negotiation agent, which has been trained on hundreds of thousands of real-world negotiations. Procurement buyers can now scale their coverage and minimize effort by using Ana to negotiate on their behalf. Buyers set their priorities, policies and thresholds and Ana engages with the vendor directly to optimize outcomes, such as cost savings, payment terms or policy compliance.
· Vertice and Vendr together operate more than 60 procurement AI agents, all used regularly by over 1,000 customers worldwide. These agents support customers across key procurement workflows, including intelligent intake, pricing optimization, workflow efficiency and third-party risk assessment.
“Vendr was founded on a simple observation: buyers were making million-dollar purchasing decisions with only a fraction of the information available to the vendor across the table. We spent years closing that gap, building the data, tooling, and negotiation expertise to rebalance that dynamic,” adds Ryan Neu, CEO of Vendr. “Joining Vertice means that intelligence is now significantly richer - by far the most comprehensive available and embedded directly within the platform where procurement decisions are made. I’m proud of what we built independently, and even more excited about what our two organizations can build together.”
