Vendr Acquires Saas Management Leader Blissfully To Complete The Saas Buying Lifecycle

Feb 23, 2022•over 3 years ago

Acquiring Company

Vendr, Inc.

Acquired Company

SaaS Management Leader

CharlestonSoftwareFinancial ServicesOther

Description

Vendr, the world's first SaaS buying platform, announced today that it has acquired Blissfully, a leading SaaS management platform that enables high-growth organizations to manage their suppliers, unlock visibility into their SaaS stack, and identify potential cost savings all from one system of record.

Company Information

Company

Vendr, Inc.

Location

804 Meeting Street

Charleston, West Virginia, United States

About

Vendr is changing how companies discover, buy, and renew SaaS. The first of its kind, Vendr's SaaS buying platform offers both a product and people-powered service to enable the world's fastest-growing companies to purchase software quickly and with guaranteed savings. Today, Vendr has facilitated over $1B+ in SaaS purchases across 1,200+ suppliers for Finance and Procurement teams at HubSpot, Brex, Canva, Reddit, Toast, and more.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed