Vertice Acquires Vendr To Strengthen AI-Powered Procurement Platform

Vertice combines AI-powered insights, agentic workflows, and procurement expertise to help finance and procurement teams manage purchasing decisions more efficiently.

Operating in more than 100 countries the platform enables organisations to review, analyse, and negotiate supplier contracts with greater confidence while reducing costs and accelerating procurement processes.

With the acquisition, Vertice will integrate Vendr’s software pricing benchmarks and market intelligence into its platform. The combined dataset will cover more than $75 billion in global indirect spend across 32,000 vendors, incorporating pricing information and insights from over 250,000 negotiated contracts spanning software and professional services.

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The expanded platform will provide customers with deeper visibility into market pricing, vendor performance, contract renewals and negotiation strategies, helping procurement and finance teams make more informed purchasing decisions.

Customers including ARM, Brex, Duolingo, Twilio and Santander will gain direct access to these insights within the Vertice platform, enabling them to benchmark suppliers, optimise spending and improve procurement outcomes.

The acquisition further strengthens Vertice’s position as a procurement intelligence platform, combining AI-driven automation with one of the industry's largest datasets of real-world purchasing and contract information.

Roy Tuvey, Founder and CEO of Vertice, said: “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."

About Vertice

Founded in 2021, Vertice is an intelligent procurement platform that helps enterprises manage purchasing through AI-powered insights, agentic workflows, and procurement expertise. Serving customers in more than 100 countries the platform enables organisations to analyse, negotiate, and optimise spending, processing over $75 billion in procurement transactions while delivering significant cost savings.