Vertice named a Leader in IDC MarketScape: Worldwide AI-Enabled Spend Orchestration 2026 Vendor Assessment. LONDON, July 29, 2026 /PRNewswire/ - Vertice, the AI procurement platform built for the modern enterprise, today announced that it has been named a Leader in the IDC MarketScape: Worldwide AI-Enabled Spend Orchestration 2026 Vendor Assessment (doc #US54663526, July 2026). The IDC MarketScape assessed 10 providers in the worldwide AI-enabled spend orchestration market, evaluating each vendor's current capabilities and the alignment of its strategy with what customers will require over the next three to five years. The report noted, "As the market has matured, distinct positioning strategies have emerged: some providers are competing on breadth and full life-cycle coverage, certain providers are differentiating on data intelligence (proprietary pricing benchmarks, spend analytics, and SaaS optimization), other providers are competing on platform architecture (native iPaaS, agentic customizability, and no-code workflow building), and still others are targeting specific market segments (SAP-centric organizations, midmarket companies that need managed services alongside software, and finance-led organizations looking for procurement capabilities embedded in a broader financial operations platform)." According to the report, "Providers that do not develop a defensible data strategy risk commoditization of their workflow capabilities." Vertice was named to the Leaders Category, with the report stating: "Vertice's primary differentiator is the integration of proprietary SaaS pricing benchmark data directly into the procurement workflow that enables real-time purchasing guidance grounded in actual market pricing rather than estimated benchmarks or vendor-provided list prices. This intelligence layer is derived from Vertice's direct involvement in thousands of procurement negotiations and distinguishes the platform from workflow-only competitors." The report also highlighted Vertice's commercial model and scale, noting: "Vertice's model of pairing the company's intake-to-procure platform with managed indirect spend purchasing services that include a savings guarantee addresses the gap between workflow automation and procurement outcomes, appealing to buyers that are accountable for cost reduction results rather than just process efficiency." The report also noted, "With over 1,000 clients, Vertice has a substantial reference base and demonstrated enterprise deployment track record at scale." Vertice believes the market is converging on a conclusion its platform was built around: workflow automation alone does not deliver procurement outcomes. In response, Vertice pairs AI-driven intake-to-procure orchestration with the world's largest dataset of proprietary pricing benchmarks and vendor intelligence, plus negotiation expertise. This combination leads to 50%+ reductions in procurement cycle times, 70%+ reductions in manual steps, plus typical savings of 20%+ on indirect spend - backed by contractual guarantees. "In a market where every provider claims AI leadership, the durable question is what that AI is grounded in," said Patrick Reymann, Research Director, Procurement and Enterprise Applications at IDC. "Vertice's pricing intelligence is derived from direct participation in thousands of real negotiations - a data asset that is difficult for others to replicate. Paired with a guaranteed savings commitment, Vertice's proposition speaks directly and powerfully to buyers who are accountable for cost reduction, not just process efficiency." "Being named a Leader in this IDC MarketScape reflects the extraordinary momentum behind Vertice," said Eldar Tuvey, CEO and co-founder of Vertice. " With our acquisition of Vendr earlier this year, we now hold the world's largest procurement intelligence dataset: 250,000+ negotiations across 32,000 vendors and $75bn+ of indirect spend. This data helps our teams deliver better outcomes and hard cost savings, and it's the real-world procurement training behind the AI agents our 1,000+ customers use every day." The IDC MarketScape recognition continues a strong year of analyst and customer momentum for Vertice. In March, Vertice was named the leader in both Customer Impact and Market Velocity in Lionfish Tech Advisors' Report on intake-to-procure platforms. Vertice was also recognised by Forrester in The Supplier Value Management Platforms Landscape, Q1 2026, and named the No. 1 provider in the Procurement Orchestration category of G2's Summer 2026 Grid Report, based on the quality and volume of verified customer reviews. An excerpt of the IDC MarketScape: Worldwide AI-Enabled Spend Orchestration 2026 Vendor Assessment, featuring the full evaluation of Vertice, is available here: https://www.vertice.one/l/idc-marketscape-worldwide-ai-enabled-spend-orchestration-2026 About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. About Vertice Vertice is the intelligent procurement platform built for the modern enterprise. By uniting agentic workflows, AI-powered insights, and expert buying talent, Business Chief enable finance and procurement teams in 100+ countries to operate with greater precision, speed, and impact. Customers including ARM, Brex, Duolingo, Twilio and Santander use Vertice's platform to review, analyze and negotiate purchases with greater confidence. Vertice processes over $75 billion in spend, with a proven track record of delivering 20%+ savings and accelerating procurement cycles by 2x. Headquartered in London and recognised by the Financial Times as the UK's fastest-growing scale-up, Vertice also operates in New York, Boston, Sydney, Brno, Linz and Johannesburg. Learn more at www.vertice.one.

Top five AI procurement software providers operating in London. London has become one of the world's most important cities for AI-native procurement software - the tools finance and procurement teams use to manage spend, negotiate contracts and cut the manual admin that used to eat up entire departments. Whether headquartered here or expanding into the capital to meet European demand, several of the category's leading platforms now have a genuine London presence. Here are five of the top AI procurement platforms operating in London. Vertice. Founded in 2021 by brothers Roy and Eldar Tuvey, they both previously ran London-based cybersecurity firms ScanSafe and Wandera before selling them to Cisco and Jamf respectively. Vertice has stayed headquartered in the capital on Great Portland Street, even as it's expanded into New York, Sydney, Johannesburg, Brno and Linz. The Financial Times named Vertice the UK's fastest-growing scale-up in 2025, and in June 2026 the company acquired US software pricing firm Vendr, folding its data into what Vertice calls the industry's largest procurement intelligence database. That data now supports Vertice's AI procurement software, which runs more than 50 specialised AI agents across intake, benchmarking and contract review. Omnea. Omnea, founded in 2022 by Ben Freeman and Ben Allen, is headquartered on Buckingham Palace Road in central London. Its AI-native platform connects every person, step and system involved in a purchase, from the initial request through automated approvals, renewals and real-time supplier risk checks. The company has raised more than $75 million in total funding, including a $50 million Series B in September 2025 led by Insight Partners and Khosla Ventures. Enterprises including Spotify, MongoDB, Monzo, Wise and Adecco use the platform, and Omnea grew revenue 5x in the year before its Series B. Coupa. Coupa's London office is at Covent Garden, and has operated continuously in the capital since it was founded, well over two decades ago, making Coupa a fixture of London's procurement tech scene long before "AI procurement software" became a category of its own. That legacy is now colliding with a rapid AI push: in 2026 alone, Coupa acquired Tonkean and Rossum to bring more agentic capability into its platform, and launched Coupa Compose to let customers build their own AI agents. Since setting up their foundations in London, the company is now racing to prove that scale and AI-native speed aren't mutually exclusive, and is still positioning itself around a dataset spanning $10 trillion in spend as the foundation for that shift. Zip. Zip's London office, based in King's Cross, opened in 2024 to meet surging demand across the UK, Germany and France. Since establishing the office, Zip has grown its regional headcount by 400% and doubled its customer base within a year - a pace of growth that outstrips its home US market, where the company was founded in San Francisco in 2020. The London base now serves European customers including Arm, Monday.com and N26, and hosted Zip's debut European conference, Zip Forward Europe, at 22 Bishopsgate in 2025, drawing over 200 procurement and finance leaders from across the region. Globally, Zip's most recent milestone was becoming the youngest company ever named a Visionary in Gartner's Magic Quadrant for Source-to-Pay Suites. ORO Labs. ORO Labs' London office is based in King's Cross, and it serves as the company's EMEA headquarters, with an EVP based in London overseeing regional operations rather than a satellite sales presence. Founded in California in 2020 by Sudhir Bhojwani and colleagues who spent over a decade in senior product roles at SAP Ariba, ORO Labs has built its platform around deep native integration with SAP systems rather than replacing them outright. That heritage has translated into a genuinely global enterprise customer base managed partly out of London, including Fortune 500 names like Coca-Cola and Bayer across more than 70 countries. In March 2026, ORO Labs raised $100 million in Series C funding led by Brighton Park Capital and Goldman Sachs Alternatives to fund further growth. The bottom line. London now hosts a genuine cross-section of the AI procurement orchestration category, and not just one or two homegrown names. For UK businesses evaluating AI procurement software, that means real, in-person access to most of the market's leading platforms without leaving the city. None of these approaches is inherently better than the others; it depends entirely on what a given organisation already has in place and how much change it's prepared to take on. The right starting point isn't which platform ranks highest, but which model of AI procurement actually fits the stack you're working with today.

Vertice, an AI procurement platform, has acquired US software pricing leader Vendr to create the world's largest procurement intelligence dataset. The combined data represents over $75 billion in global indirect spend across 32,000 vendors, including pricing information from 250,000 negotiated contracts. The acquisition strengthens Vertice's autonomous AI negotiation capabilities, particularly its agent "Ana", which has been trained on hundreds of thousands of real-world negotiations. Together, the companies operate more than 60 procurement AI agents serving over 1,000 customers worldwide, including ARM, Brex, Duolingo, Twilio and Santander. Vertice was founded by serial entrepreneurs Roy and Eldar Tuvey, who previously sold ScanSafe to Cisco for $183 million and Wandera to JAMF for $400 million. The company has been recognised as a leader in procurement platforms by multiple industry analysts.