vertice

About

The story of Vertice is a classic tale of serial entrepreneurship, born from the direct experiences of its founders, brothers Roy and Eldar Tuvey. Having spent two decades at the forefront of the B2B SaaS industry, they had a front-row seat to the explosion of cloud-based software. They successfully built and sold two cybersecurity companies, ScanSafe to Cisco for $200 million and Wandera to JAMF for $400 million. It was through the process of scaling these ventures that they encountered a significant and growing pain point: the spiraling costs and complexities of managing software-as-a-service (SaaS) and cloud subscriptions. They realized that for most companies, after payroll, technology spend was becoming the largest and most unwieldy expense, with businesses often overspending by a staggering 20-30% annually due to a lack of transparency and negotiating power against large vendors. In 2021, fueled by this firsthand frustration and a clear vision, the Tuvey brothers embarked on their third venture, Vertice. They set out not just to build another software tool, but to create a comprehensive solution that would level the playing field. Their mission was to provide businesses with the visibility, control, and expert leverage needed to manage their digital spending effectively. What began as a focused SaaS purchasing solution quickly evolved. Vertice has since expanded its platform to become the world's first integrated system for managing both SaaS and cloud spend. This journey has been marked by rapid growth, securing over $100 million in funding from prominent venture capitalists like Bessemer Venture Partners and 83North. From its headquarters in London, Vertice has scaled globally, establishing offices in New York, Sydney, and Brno, and now manages over $10 billion in spend for hundreds of customers across more than 30 countries, proving that a deeply understood problem is the most fertile ground for innovation.