Wednesday June 6, 2018 0 comments
“Now more than ever, companies must keep up with rapidly changing market conditions and customer buying preferences,” said Bruno Slosse, Vendavo president and CEO.
“And that is especially true when it comes to their pricing strategies and tactics. Prices must intelligently weigh internal and external factors in real-time and identify the optimal price point for enhanced profitability and customer retention. The addition of Navetti further delivers on this vision.”
Financial details of the deal were not disclosed.
With the acquisition of Navetti, Vendavo’s commercial excellence platform adds robust functionality in rules-based, customer value-focused strategic price management that reacts dynamically to changing market conditions, competitive price data sourcing, transfer price management, cost management, and cloud-based reporting and analytics.
These SaaS-based solutions can also be delivered in a structured and speedy implementation process for fast ROI: 2 hours for first system deployment, 2 weeks for best-practice system configuration, and 2 months for full system and process integration with existing CRM and ERP solutions.
“Combining our powerful yet easy-to-use pricing solutions that focuses on international pricing operations with Vendavo’s excellent reputation and market presence is very exciting,” said Andreas Westling, Navetti CEO.
“This will open up new markets for the technology and create new possibilities, especially within CPQ, for existing Navetti customers as well.”
Navetti has sizable success throughout Europe and provides pricing solutions for B2B manufacturing and aftermarket customers, but also has a growing presence in pricing systems for e-commerce solutions for both B2B and B2C markets.
The acquisition brings expanded market presence and vertical expertise to Vendavo and cements the company’s commercial excellence leadership for both the enterprise and mid-market.