Vertice buys Vendr to build what it calls the largest procurement dataset

Vertice, a London-based AI procurement company, acquired US software-pricing firm Vendr to create what it calls the world's largest procurement intelligence dataset. The deal combines both companies' data on purchasing patterns and negotiation outcomes. Financial terms were not disclosed. The combined dataset aims to give businesses deeper insights into software pricing and vendor negotiations. The acquisition positions Vertice to offer more accurate benchmarking and cost-saving recommendations to its customers.