Vendavo Starts 2019 With Record-Setting Sales Quarter

DENVER–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/pricing?src=hash" target="_blank"gt;#pricinglt;/agt;–Vendavo,
a leading provider of commercial excellence solutions, today announced a
record-setting sales quarter to kick off 2019. For the quarter ending
March 31, 2019, the company saw 66 percent year over year (YOY) revenue
growth for Vendavo SaaS solutions. Annual Contracted Revenue (ACV) was
also up 56 percent (YOY) — both contributing factors to the company’s 55
percent YOY EBITDA growth.

These and other key company success metrics were shared this morning
with the attendees of the Vendavo
Business Forum and User Group Meeting being held in Chicago, IL this
week.

“As organizations work to meet the rising expectations of their
customers and boost their bottom lines, our solutions and expert
services teams equip and empower customers to unleash their true
commercial potential,” Bruno Slosse, CEO, Vendavo said. “Our Q1 sales
growth is reflective both of the growing need within B2B to deliver
improved customer experiences and our ability to power their evolution
with actionable intelligence that is a blend of expert human insight and
contextual AI.”

Key customer wins in Q1 include seven new large enterprise customers
representing aggregate revenues of more than $80 billion with
headquarters in Europe, North America and South America. Additionally,
Vendavo’s customer retention rate for Q1 is 100 percent for
organizations that rely on SaaS solutions. The company now has more than
100 active SaaS customer accounts.

Company Expansion

To better meet the needs of their growing customer base, Vendavo moved
into a new office in Dallas last month. The more modern space supports
sales and service for manufacturing customers as well as Vendavo’s
growing Configure Price Quote (CPQ) customer base. It is located at 7
Park Central 12750 Merit Drive in Dallas, TX.

In December, Vendavo opened an additional office in Düsseldorf, Germany.
The new location provides customers with valuable consulting in the
implementation of strategic pricing projects and supports Vendavo sales
efforts throughout the German-speaking region. It is located at
Fischerstrasse 49, 40477 Düsseldorf, Germany.

Vendavo also continued to add talent in Q1, successfully onboarding
nearly 20 new employees globally. Roles in technology, sales, customer
success, people & culture and customer operations topped the list.
Talent acquisition will continue into Q2 with key
roles now available in Denver, Stockholm and the Czech Republic.

About Vendavo

Vendavo powers the shift to digital business for the world’s most
demanding B2B companies, unlocking value, growing margin and
accelerating revenue. With the Vendavo Commercial Excellence platform,
companies develop dynamic customer insights and optimal pricing
strategies that maximize margin, boost sales effectiveness and improve
customer experience. With an annual margin improvement totaling more
than $2.5 billion across companies in chemicals, distribution, high-tech
and manufacturing, Vendavo delivers cutting-edge analytics and deep
industry expertise that help companies stay one step ahead. Vendavo is
headquartered in Denver, CO and has offices around the globe. Learn more
at Vendavo.com.

Contacts

Kim Doyle
Kimberly Communications
319.389.6953
kb@kimberlycommunications.com