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Vendavo Reports Record Results for First Half 2008
Record Breaking Revenues in a Challenging Economy Underscores the Value of Vendavo’s Price Management and Optimization Solution for B2B Customers
Palo Alto, Calif. – July 8, 2008 – Vendavo®, the leading provider of business-to-business
price management and optimization software, today announced record results for the first
half of 2008. Vendavo continued its aggressive growth, increasing license bookings by
more than double over the same period last year. The company also posted an almost
doubling of its total bookings including licenses, services, and maintenance over the same
period last year. Both license and total bookings represent the best performance in the
company’s history, and substantially exceeded the level achieved in any other six month
period.
In addition to record bookings, the company’s key accomplishments over the last six
months include:
- Excellent performance in high technology and manufacturing vertical
markets. High tech and manufacturing companies represented over 65% of
the new customers added in 2008
- Surpassed the milestone of 50 global business-to-business customers across
diverse industries including high tech, manufacturing, chemicals, mill
products, oil & gas, consumer goods, and distribution
- Continued investments from existing customers and rapid acceleration in the
depth and scope of deployments across the customer base
- 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
- Received “Positive” rating from Gartner in its “MarketScope for Price
Optimization and Management, 2008”
“I am extremely pleased with our performance in the first half of 2008,” said Al Crites,
chief executive officer of Vendavo. “We exceeded every aggressive goal that we set for
ourselves. We strongly believe that pricing is a transformational opportunity and our
customers’ investment in us, especially during difficult economic times, underscores that
point.”
About Vendavo
Vendavo is the leading provider of price management and optimization solutions 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 some of the
world’s biggest names in high-tech, industrial manufacturing, chemicals, 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:
Gretchen Bender
Greenough Communications for Vendavo
gbender@greenoughcom.com
650-646-3268 x16
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