Vendavo Closes Third Quarter with Major New Customer Wins, New Product Announcements

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Vendavo reports new business deals in Europe, US and Asia.

We are especially gratified by growth in our European business despite the significant economic challenges there.

In advance of its European Profit Forum in Amsterdam on October 24/25, Vendavo ® has announced major new customers in Europe and the US as well as enhanced product offerings, including a new iPad app and version 8.1 of its solution. Vendavo, the world's leading provider of Price Management and Optimization solutions for companies that serve businesses (B2B), has also increased its employee base in Europe and the US to support this significant business growth.

In the third quarter ending September 30, 2012, Vendavo successfully closed deals with multiple customers, including leading industrial manufacturers in Europe, a major European automotive company, an Asian technology giant, and several chemical manufacturers. Vendavo has also gained further business from existing customers globally.

"This quarter has shown how Vendavo solutions are becoming a vital part of the fabric of corporations worldwide," said Neil Lustig, Vendavo's CEO. "We're especially gratified by growth in our European business despite the significant economic challenges there. As top line growth is impacted by market contraction in Europe, companies are looking for ways to identify and increase every opportunity to hold bottom-line profitability. We are able to clearly demonstrate how we optimize profitability in this difficult environment."

Recently, Vendavo made several product announcements, including general availability of version 8.1 of its software solution, which improves performance by up to 60%. The company also extended its powerful profit optimization capability to the Apple® iPad® and the Salesforce® platform for the first time as a native application.

"We are seeing momentum both in products and customer wins, " said Jamie Rapperport, Vendavo founder and EVP of Marketing and Business Development. "Vendavo is focused on clearly communicating its bottom-line benefits to corporations worldwide, and this effort is paying off with today's announcements."

To learn how Vendavo Sales Negotiator for iPad ™ will empower the field salesperson, register now for the next Vendavo webinar, "Managing Profitability on the Front Lines" on Thursday, October 18th, 2012 at 10am PT / 1pm ET

The Vendavo Price Negotiator for iPad™ is now available at the Apple App Store ®.

To learn more, visit http://www.vendavo.com.

About Vendavo
Vendavo is the leading provider of Price Management and Optimization solutions for large enterprises worldwide. The company's solutions drive bottom-line results by giving businesses true enterprise-wide control of their entire pricing process. Vendavo's enterprise-class software delivers big increases in profits—from 10-30 percent—by systematically driving incremental improvements in average prices throughout the pricing process.

Vendavo is the enterprise pricing solution of choice for more than 200 company divisions at some of the world's biggest names in high-tech, manufacturing, chemicals, consumer products, medical devices, mill products, and distribution. SAP, the worldwide leader in enterprise application software, offers the Vendavo solution as SAP Price and Margin Management by Vendavo™. To learn more, or to request information, please visit http://www.vendavo.com.

Apple, App Store and iPad are trademarks of Apple.

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Jamie Rapperport
Vendavo
650.960.4300
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