Vendavo, a Palo Alto start-up offering price management software for large companies, has received an undisclosed amount of funding from software giant SAP’s venture arm, SAP Ventures.

The company has previously raised more than $56M from investors including DCM, InterWest Partners, Mesirow Financial, Sigma Partners and Split Rock Partners.

Here is the company’s announcement.

A snippet:

Vendavo’s price management solution spans the critical pricing business processes for global corporations, including price setting, price optimization, price administration, price negotiation and pricing analytics. Unique in the price management space, one hundred percent of Vendavo’s development investments are focused on the needs of business to business corporations. The investment from SAP Ventures will complement Vendavo’s existing development initiatives.