Model N (company)

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'.

Model N, Inc.
TypePublic
NYSE: MODN
Russell 2000 Component
Founded1999 (1999)
Headquarters
San Mateo, California
,
United States
Area served
Worldwide
Key people
  • Jason Blessing (President & CEO)
  • Chris Lyon (CRO)
  • Baljit “Bal” Dail (Chairman of the Board)
RevenueUS$154,000,000 (2018)[1]
Number of employees
830 (2018)[1]
Websitewww.modeln.com

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] [6]

References
  1. 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.
  2. 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.
  3. 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.
  4. "Model N jumps in 1st day on NYSE". Associated Press. 20 Mar 2013. Archived from the original on 29 March 2015 – via HighBeam Research.
  5. https://www.businesswire.com/news/home/20180508006577/en/Model-Appoints-Jason-Blessing-Chief-Executive-Officer
  6. https://www.modeln.com/company/leadership/

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