Model N (company)
| Company type | Public |
|---|---|
| NYSE: MODN Russell 2000 Component | |
| Founded | 1999 |
| Headquarters | , United States |
Area served | Worldwide |
Key people |
|
| Revenue | US$154,000,000 (2018)[1] |
Number of employees | 830 (2018)[1] |
| Website | www.modeln.com |
Model N, Inc. is a public American software company founded in 1999 and headquartered in San Mateo, California. The name "Model N" refers to "model next", as in 'the next big thing'.
Company Overview
Model N (NYSE: MODN) is the leader in revenue management solutions. Driving mission-critical business processes such as configure, price and quote (CPQ), contract and rebate management, business intelligence, and regulatory compliance, Model N solutions transform the revenue lifecycle from a series of disjointed operations into a strategic end-to-end process. With deep industry expertise, Model N supports the complex business needs of the world’s leading brands in pharmaceutical, medical device, high-tech manufacturing, and semiconductor across more than 100 countries, including Johnson & Johnson, AstraZeneca, Novartis, Microchip Technology and ON Semiconductor.
History
In 2004, the company added a Medicaid Claims Processing application to its Revenue Management Suite main product, making it the "first Medicaid solution integrated with commercial revenue management".[2]
In the spring of 2006, Model N completed an acquisition of Azerity, a software company that focused on pricing and quoting practices for the high tech industry. Due to this acquisition, Model N serves high tech customers such as ON Semiconductor and Dell. In early 2012, Model N acquired LeapFrogRX, an analytics company based in Waltham, Massachusetts.
In 2013, the company went public under the New York Stock Exchange ticker symbol MODN, raising about US$100,000,000.[3][4] Venture capital firm Accel-KKR backed the initial public offering.[3]
Corporate governance
In May 2018, Jason Blessing was announced as Model N's president and chief executive officer (CEO).[5] Model N's Chief Financial Officer is David Barter.[6]
References
- ^ a b Johnson, Steve (7 Nov 2014). "Q&A: Zack Rinat, Chairman and CEO of Model N". Oakland Tribune. Archived from the original on 29 March 2015 – via HighBeam Research.
- ^ Staff (18 Oct 2004). "Model N Medicaid Claims Processing announced". Biotech Business Week. United States: NewsRx. Archived from the original on 29 March 2015 – via HighBeam Research.
- ^ a b Owens, Jeremy C (20 Mar 2013). "Redwood City Software Firm Model N Gets an 'A' in IPO, Stock Shoots Higher". Oakland Tribune. Archived from the original on 29 March 2015 – via HighBeam Research.
- ^ "Model N jumps in 1st day on NYSE". Associated Press. 20 Mar 2013. Archived from the original on 29 March 2015 – via HighBeam Research.
- ^ https://www.businesswire.com/news/home/20180508006577/en/Model-Appoints-Jason-Blessing-Chief-Executive-Officer
- ^ https://www.modeln.com/company/leadership/
