Vertice has agreed to buy Vendr, in a deal that the London-based procurement software company says will create the world’s largest procurement intelligence dataset by combining records of what the two businesses buy and how they negotiate.
The companies did not disclose financial terms or say when the transaction will close. Vertice also gave no detail on how its own product stack will be merged with Vendr’s or whether any roles would overlap after integration.
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ding to Vertice, the combined dataset covers more than $75 billion in global indirect spend across 32,000 vendors and draws on 250,000 negotiated contracts spanning software and services. The company said the pool contains real-world pricing information as well as the back-and-forth of human negotiation, giving it a deeper training base for its AI tools.
Roy Tuvey, Vertice’s founder and chief executive, said the enlarged dataset takes the company’s software pricing intelligence to more than two million price points, which he described as far ahead of rivals. He argued that scale matters because it allows automated negotiation systems to learn from a wider range of outcomes and vendor behaviour.
That capability sits at the centre of Vertice’s pitch. The company’s autonomous negotiation agent, Ana, is designed to work against customer-set budgets, policy rules and deal thresholds, then deal directly with suppliers in pursuit of savings, improved payment terms or better compliance. Vertice said Vendr’s data will make that system more effective.
Between them, Vertice and Vendr now say they operate more than 60 procurement AI agents used by more than 1,000 customers worldwide. The tools span areas including intake, pricing optimisation and third-party risk assessment. Customers named by the company include ARM, Brex, Duolingo, Twilio and Santander.
Vendr chief executive Ryan Neu said the acquisition extends the company’s original thesis: that buyers entering million-dollar software contracts often know far less than the sellers across the table. He said joining Vertice would make that intelligence richer and place it directly inside procurement workflows.
Vertice, which is headquartered in London and also has offices in New York, Boston, Sydney, Brno, Linz and Johannesburg, was founded by brothers Roy and Eldar Tuvey, who previously built ScanSafe and Wandera. The company says it has processed more than $75 billion in spend and has been named a leader in Intake-to-Procure platforms by Lionfish Tech Advisors.
The acquisition adds another sign that procurement technology is moving beyond dashboards and into automated decision-making, with vendors increasingly pitching AI not just as an analytical layer but as a negotiating proxy. For Vertice, the bet is that the more contract data it can gather, the more persuasive its machines become.
Source: Noah Wire Services
