Palo Alto, CA (PRWEB) July 9, 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."
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 http://www.vendavo.com
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