SAP Backs Vendavo

Vendavo Corp., a Palo Alto, Calif.-based provider of B2B price management solutions, has raised an undisclosed amount of strategic funding from SAP Ventures. The company previously had raised around $61 million since its 1998 inception, from firms like DCM-Doll Capital Management, Sigma Partners, Split Rock/St. Paul Venture Capital, InterWest Partners and spectrum Equity Investors.