DENVER, Feb. 1, 2021 /PRNewswire/ — Vendavo, the global market leader in price management and commercial excellence solutions, is pleased to announce both record growth and industry accolades in 2020. The company also bolstered its product lineup with two major releases, helping drive record customer retention.
In 2020, Vendavo experienced record growth and retention amongst challenging economic conditions that saw many businesses forced to scale back costs. In 2020, Vendavo’s SaaS business grew by 51%, service booking grew by 54%, and the company had 95% customer retention of its subscription service. Of note is the fact that 78% of Vendavo’s customers are in the cloud.