Vertice has bought Vendr. The London-based AI procurement company announced on Monday that it has acquired the US software-pricing firm, a deal it says creates the world’s largest procurement intelligence dataset by combining the two companies’ data on what they buy and how they negotiate. Terms of the acquisition were not disclosed.
The combined dataset, according to Vertice, covers more than $75bn in global indirect spend across 32,000 vendors, and includes real-world pricing and human-to-human interactions drawn from 250,000 negotiated contracts spanning software and services.
Vertice founder and chief executive Roy Tuvey put the pooled software-pricing data at more than two million price points, which he said surpasses the nearest competitors “by an order of magnitude.”
The pitch is that more data makes for better automated negotiation. Vertice runs an autonomous negotiation agent it calls Ana, trained, it says, on hundreds of thousands of real-world negotiations. Buyers set their priorities, policies and thresholds, and Ana engages the vendor directly to push for outcomes such as cost savings, better payment terms or policy compliance. Folding in Vendr’s negotiation data, Tuvey said, makes that agent “even more powerful.”
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Between them, the two companies now operate more than 60 procurement AI agents, used regularly by over 1,000 customers worldwide, covering workflows from intake and pricing optimisation to third-party risk assessment. Customers including ARM, Brex, Duolingo, Twilio and Santander will be able to reach the combined data directly inside the Vertice platform, with insights surfaced, the company says, at the point of decision. Vendr customers, for their part, gain access to Vertice’s Intake-to-Procure platform.
“Vertice and Vendr have shared a vision for AI in procurement,” Tuvey said, describing the goal as purpose-built AI agents trained on real-world data and tailored to specific procurement tasks. Ryan Neu, Vendr’s chief executive, framed the sale as a continuation of the company’s founding premise, that buyers signing million-dollar contracts had far less information than the vendors across the table. Joining Vertice, he said, makes that intelligence “significantly richer” and embeds it where procurement decisions are actually made.
Vertice, headquartered in London and recognised by the Financial Times as the UK’s fastest-growing scale-up, also operates in New York, Boston, Sydney, Brno, Linz and Johannesburg. It was founded by the brothers Roy and Eldar Tuvey, who previously built ScanSafe and Wandera, sold to Cisco and Jamf respectively.
The company says its platform processes more than $75bn in spend and that it has been named the leader in Intake-to-Procure platforms by the analyst firm Lionfish Tech Advisors.
What the announcement does not include is a price, a closing date, or any detail on how the two organisations and their overlapping agent line-ups will be integrated. Those, for now, Vertice has kept to itself.
