Vendr, a SaaS buying platform, announced it is acquiring 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.
Together, the companies have processed over $1B in software spend and will be blending their buy-side and management solutions to bring their combined 500+ customers a single solution to purchase SaaS at the best price and manage it with ease: completing the SaaS buying lifecycle, according to the vendor.
"Not long ago, we were a team of three at Y-Combinator with a dream to change the way people buy software," said Vendr CEO Ryan Neu. "Today, we're excited to merge the best way to buy software with Blissfully's leading SaaS Management system of record—bringing our customers the future of software procurement."
The announcement follows a year of rapid growth for SaaS buying category creator Vendr. After becoming a Series A company in March 2021, they've quickly scaled to over 225 employees and achieved 3x growth in the last year.
Blissfully was founded in 2016 by serial entrepreneurs Ariel Diaz and Aaron White after recognizing that companies were using more SaaS than ever, yet still relied on multiple disjointed systems to try and manage it all.
"The software industry is evolving, but the way teams purchase and manage SaaS hasn't, until now," said Diaz. "Blissfully and Vendr complete the puzzle. We both quickly identified a considerable customer and market need as the tech industry shifted to SaaS. Together, we will provide a single source of truth and eliminate the plethora of buying and management inefficiencies that companies face when they go it alone."
Some of the most notable feature benefits include automatic SaaS discovery (which identifies software that's used throughout an entire company to eliminate shadow or duplicative spend), benchmark spend and usage reports by company stage, and equipping teams with detailed SaaS adoption and usage stats to better inform their decisions about renewals.
Vendr and Blissfully remain dedicated to empowering their customers as they navigate the increasingly complex software lifecycle. The entire Blissfully team will join Vendr as part of the merger.
For more information about this news, visit www.vendr.com.