Vertice Acquires Vendr to Expand AI Procurement Dataset

Vertice has acquired Vendr, announced in a press release. The merger creates what the company calls the world's largest procurement intelligence dataset, combining insights from both platforms to cover over 32,000 vendors and more than $75 billion in global indirect spend.

Vertice plans to integrate Vendr's software pricing data with its own, encompassing information from 250,000 negotiated contracts. This combined dataset will enhance Vertice's AI negotiation capabilities through its autonomous agent, Ana, which conducts procurement negotiations on behalf of customers based on defined priorities and policies.

The two companies together operate more than 60 procurement AI agents used by over 1,000 customers. Clients such as ARM, Brex, Duolingo, Twilio, and Santander will gain direct access to the expanded data within the Vertice platform, enabling faster vendor evaluation and contract renewal management.

Following the acquisition, Vendr customers will also have access to Vertice's Intake to Procure platform, which supports workflows for pricing optimization, risk assessment, and procurement efficiency.