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Vendavo Reports Record Results for 2007
Record Breaking Revenues, Strong Acceptance of Vendavo Optimization and Segmentation Capabilities, and Rapid Acceleration in Customer Deployments Drive Company Growth
Palo Alto, Calif. – February 15, 2008 – Vendavo®, the leading provider of business-to-business price management and optimization software, today announced record results for 2007. Vendavo continued its aggressive growth, increasing global bookings by more than 65% over the prior year. Over the last 12 months, Vendavo added 18 new customers, making 2007 the most successful year in the company’s history.
Key highlights include:
- 65% increase in annual bookings over 2006
- 18 new customers across diverse industries, including high tech, manufacturing, process, consumer goods and services
- Significant revenue growth and new customers in Europe
- Strong momentum in the company’s SAP partnership. SAP, the world’s leading provider of business software, resells the Vendavo Enterprise Pricing Suite as SAP Price and Margin Management by Vendavo
- Launched Version 6.6 of the Vendavo Enterprise Pricing Suite, with over 100 product enhancements
- Only vendor to be recognized by AMR Research as the best in five out of six categories in its 2007 Pricing and Profitability Management Framework Report
- Rapid acceleration in new and existing customer deployments across the world
“2007 was a breakthrough year for Vendavo and I am very pleased with our performance,” said Al Crites, chief executive officer of Vendavo. “We delivered on the aggressive objectives that we had set for ourselves at the beginning of the year. I am excited about the opportunities that lie ahead for us in 2008.”
About Vendavo
Vendavo is the leading provider of price management and optimization software for business-to-business companies worldwide. Vendavo Enterprise Pricing Suite solves pricing problems by giving businesses true enterprise-wide control of their entire pricing process. It combines pricing science, pricing best practices, and enterprise-class software to drive small improvements in average prices at every stage of the pricing process, from segmentation to deal close. Together, these improvements deliver big increases in profits – from 10% to 30%. Vendavo is the enterprise pricing solution of choice for more than 120 customer divisions at some of the world’s biggest names in chemicals, high-tech and industrial manufacturing, consumer products, mill products and distribution. SAP resells the Vendavo solution as SAP Price and Margin Management by Vendavo.
To learn more, or to request information, visit www.vendavo.com
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Media Contact:
Carleen LeVasseur
GMK Communications for Vendavo
(408) 264-6767
carleen@gmkcommunications.com
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