Vendavo Achieves Record Growth in Second Quarter of 2014; On Fast Track to Company's Best Year Ever - Tucson News Now

Vendavo Achieves Record Growth in Second Quarter of 2014; On Fast Track to Company's Best Year Ever

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SOURCE Vendavo

Price Optimization Leader Sees License Sales More Than Double Year-Over-Year

MOUNTAIN VIEW, Calif., July 16, 2014 /PRNewswire/ -- Vendavo, the leading provider of revenue and price optimization and management solutions, completed a record second quarter and first half of 2014. Vendavo achieved this success with a 29-percent growth in bookings and the release of two breakthrough solutions for price and sales effectiveness.

"Our tremendous performance in the first half of 2014 reaffirms the value of our price optimization solutions," said Neil Lustig, president and CEO, Vendavo. "Vendavo's mission is to enable enterprises to easily leverage their data to sell more profitably. Vendavo continues to innovate and refine our technology to provide even greater value, insights and agility for decision-makers in an ever-changing market."

In addition to increased bookings and revenue and the delivery of more than $2.5 billion in annual profit improvement to Vendavo's customers, the company's 2014 successes also include:

  • Exceptional growth with the acquisition of 10 customers across Europe, North America and Asia.
  • Significant expansion of use of Vendavo solutions across the price optimization firm's Fortune 500 customers
  • The launch of both Power & Risk™ and Vendavo Profit Advisor™. Power & Risk is a patented product that enables enterprises to confidently raise prices and control discounts, without losing volume and risking loss of business. Vendavo Profit Advisor is a SaaS discovery engine that helps businesses quickly identify profit opportunities and margin leakage that, when corrected, can grow revenue and margins.
  • An even stronger partnership with SAP, with SAP HANA® powering Vendavo Profit Analyzer™, and a well-received showing at SAP's seminal event, SAPPHIRE NOW + ASUG Annual Conference 2014.
  • A highly successful customer forum, including speakers and attendees from Fortune 500 companies, in Düsseldorf, Germany.

Looking ahead, Vendavo anticipates notable expansion and further growth in both North America and Europe. Customers can also expect the introduction of more cutting-edge solutions to the Vendavo product line as the company continues to lead the market in pricing analytics and optimization.

"We are very pleased to expand our partnership with Vendavo," said Todd Hale, senior vice-president and chief information officer of Office Depot. "Leveraging solutions from Vendavo has enabled us to optimize our end-to-end B2B pricing processes and better serve the needs of our customers."

About Vendavo

Vendavo harnesses the power of Big Data to generate actionable insights that enable businesses to sell more profitably. Our price optimization and management solutions help global customers make better data-driven decisions for pricing and sales effectiveness. Using cutting-edge analytics and deep industry expertise, Vendavo boasts the largest number of implementations for B2B enterprises in the industry, having helped more than 300 company divisions dramatically increase revenue, improve profit margins and maximize shareholder value. The Silicon Valley firm has on-premises, hybrid, and software-as-a-service (SaaS) offerings available for different customer needs and requirements. Located across the globe, Vendavo is the solution of choice for Fortune 500 companies in industries such as chemicals and process industries, consumer packaged goods, wholesale distribution, energy and utilities, technology, industrial manufacturing, and medical devices and consumables. Learn how you can increase frontline responsiveness and effectiveness at http://www.vendavo.com.

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